The release of the emails is interesting and quite possibly will lead to greater insight to Bush, however, the involvement in off shore accounts, investment banking and carried interest is new and won't be found in emails.
December 15, 2014
By Robert Schroder
...But Bush’s involvement with banks (click here) like Lehman Brothers and Barclays is comparatively recent and relatively unexplored....
Sure, there are new regulations, but, there are also banks that don't abide by them. And the banks aren't far away. They are as close as the Cayman Islands.
December 7, 2012
...Of course, (click here) that assumes that the nation in question is diligent about determining its customers’ nationalities in the first place. So far only seven nations have agreed to do the IRS’ work for it. FATCA is scheduled to take effect on Jan. 1, 2013.
One of the holdouts is an unassuming island chain south of Cuba. The Cayman Islands is renowned for its banking practices and sheer volume of banks. In fact, it is the fifth largest banking center in the world. HSBC, Deutsche Bank and Development Bank of Singapore are just a few of the international giants with sophisticated Caymanian operations. All of these banks have operations in the United States, and they have agreed to abide by FATCA even though the government of the Cayman Islands itself has not....
Offshoring is tax evasion. The Cayman Islands, where most every bank in the world can be found, is just south of Cuba. The Caymans aren't the only offshoring paradise. Belize also offers these opportunities. Belize is a rather young country being in existence for about 15 years of so. Previous to it's independence it was a British colony.
FATCA (Foreign Account Tax Compliance Act) was enacted in 2010 by Congress (click here0 to target non-compliance by U.S. taxpayers using foreign accounts. FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest. Here you will find links to many documents related to FATCA and its implementation....
...But Bush’s recent business ventures (click here) reveal that he shares a number of liabilities with the last nominee, Mitt Romney, whose career in private equity proved so politically damaging that it sunk his candidacy.
Documents filed with the U.S. Securities and Exchange Commission on Nov. 27 list Bush as chairman and manager of a new offshore private equity fund, BH Global Aviation, which raised $61 million in September, largely from foreign investors. In November the fund incorporated in the United Kingdom and Wales—a structure, several independent finance lawyers say, that operates like a tax haven by allowing overseas investors to avoid U.S. taxes and regulations.
His flurry of ventures doesn’t suggest someone preparing to run for president, according to a dozen fund managers, lawyers, and private-placement agents who were apprised of his recent activities by Bloomberg Businessweek. Most private equity funds have a life span of 10 years. While it isn’t impossible that Bush could bail on his investors so soon after taking their money, “that would be unusual,” says Steven Kaplan, a private equity expert at the University of Chicago Booth School of Business. One fundraiser for private equity adds that normally you’d be winding down such businesses, rather than expanding them, if you were going to run....
April 4, 2013
Step 1 - Choose A Haven
For people hiding money, choosing one of the world's 60 or so offshore jurisdictions is tricky. Each has advantages and drawbacks. It' snot unusual for secrecy seekers to continually move funds around, trying to find the best place for their assets...
December 15, 2014
By Robert Schroder
...But Bush’s involvement with banks (click here) like Lehman Brothers and Barclays is comparatively recent and relatively unexplored....
Sure, there are new regulations, but, there are also banks that don't abide by them. And the banks aren't far away. They are as close as the Cayman Islands.
December 7, 2012
...Of course, (click here) that assumes that the nation in question is diligent about determining its customers’ nationalities in the first place. So far only seven nations have agreed to do the IRS’ work for it. FATCA is scheduled to take effect on Jan. 1, 2013.
One of the holdouts is an unassuming island chain south of Cuba. The Cayman Islands is renowned for its banking practices and sheer volume of banks. In fact, it is the fifth largest banking center in the world. HSBC, Deutsche Bank and Development Bank of Singapore are just a few of the international giants with sophisticated Caymanian operations. All of these banks have operations in the United States, and they have agreed to abide by FATCA even though the government of the Cayman Islands itself has not....
FATCA (Foreign Account Tax Compliance Act) was enacted in 2010 by Congress (click here0 to target non-compliance by U.S. taxpayers using foreign accounts. FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest. Here you will find links to many documents related to FATCA and its implementation....
...But Bush’s recent business ventures (click here) reveal that he shares a number of liabilities with the last nominee, Mitt Romney, whose career in private equity proved so politically damaging that it sunk his candidacy.
Documents filed with the U.S. Securities and Exchange Commission on Nov. 27 list Bush as chairman and manager of a new offshore private equity fund, BH Global Aviation, which raised $61 million in September, largely from foreign investors. In November the fund incorporated in the United Kingdom and Wales—a structure, several independent finance lawyers say, that operates like a tax haven by allowing overseas investors to avoid U.S. taxes and regulations.
BH Global Aviation (odd name for a private equities firm) is one of at least three such funds Bush has launched in less than two years through his Coral Gables, Fla., company, Britton Hill Holdings. He’s also chairman of a $26 million fund, BH Logistics, established in April with backing from a Chinese conglomerate, and a $40 million fund involved in shale oil exploration, according to documents filed in June and first reported on by Bloomberg News.
His flurry of ventures doesn’t suggest someone preparing to run for president, according to a dozen fund managers, lawyers, and private-placement agents who were apprised of his recent activities by Bloomberg Businessweek. Most private equity funds have a life span of 10 years. While it isn’t impossible that Bush could bail on his investors so soon after taking their money, “that would be unusual,” says Steven Kaplan, a private equity expert at the University of Chicago Booth School of Business. One fundraiser for private equity adds that normally you’d be winding down such businesses, rather than expanding them, if you were going to run....
April 4, 2013
By Tyler Durden
Step 1 - Choose A Haven
For people hiding money, choosing one of the world's 60 or so offshore jurisdictions is tricky. Each has advantages and drawbacks. It' snot unusual for secrecy seekers to continually move funds around, trying to find the best place for their assets...
