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Special Report on

Offshore Portfolio Investment Strategy

offshore portfolio investment strategy special research report Photo by
Individuals who were solicited by accounting firms (KPMG, BDO Seidman and Price Waterhouse Coopers) to purchase tax investment strategies may have legal recourse against the accounting firms, as well as the law firms, investment advisors and banks who assisted in the marketing, sale and implementation of these tax products. Attorney Jim Gilreath, in association with other tax shelter litigation attorneys, has been on the leading edge of this tax shelter litigation, filing the second case in the nation against KPMG in 2003. In 2006, he was co-counsel with a group of plaintiffs' lawyers who filed a class action against KPMG ...
regime to one's own advantage, to reduce the amount of tax that is payable by means that are within the law. By contrast, tax evasion is the general term for efforts to not pay taxes by illegal means. The term tax mitigation is a synonym for tax avoidance . Its original use was by tax advisors as an alternative to the pejorative term tax avoidance . Latterly the term has also been used in the tax regulations of some jurisdictions to distinguish tax avoidance foreseen by the legislators from tax avoidance which exploits loopholes in the law. Some of those attempting not to pay tax believe that they have discovered ...
thievin' BANKS' Tactics.....
AG in London received an anonymous letter warning that the Swiss bank's derivatives unit was "offering an illegal capital-gains tax evasion scheme to U.S. taxpayers." The cost to the Internal Revenue Service: "hundreds of millions of dollars a year," according to the missive.     "I am concerned that once IRS comes to know about this scheme they will levy huge financial/criminal penalties on UBS," said the letter, which named three UBS employees the author believed were involved. "My sole objective is to let you know about this scheme, so that you can take some concrete steps to minimise the financial and reputational ... market research, surveys and trends
leading law firm pays irs $39.4 million penalty
The IRS reached a settlement yesterday with the law firm of Sidley Austin LLP, which paid a civil tax shelter promoter penalty of $39.4 million. The penalty results from the firm’s failure to comply with tax shelter registration requirements and promotion of abusive tax shelters. The firm issued opinions in connection with potentially abusive tax shelters to over 700 high-net worth individuals and corporations. Some of the packages marketed to these individuals included listed transactions such as BOSS (Bond & Option Sale Strategy), variants of the so-called “Son of BOSS” shelter that went by names of BLIPS (Bond Linked Issue ... market research, surveys and trends


Business & Technology | Hedge-fund firm could feel fallout from ...
Over the past 11 years, the Quellos Group has built itself into one of the biggest players in the secretive, fast-growing world of hedge... By Drew DeSilver Seattle Times business reporter Over the past 11 years, the Quellos Group has built itself into one of the biggest players in the secretive, fast-growing world of hedge funds, maintaining a low public profile while managing more than $12 billion in assets from its headquarters on the top floor of Seattle's Two Union Square office tower. But Quellos could face new, unwelcome scrutiny after Monday's unprecedented agreement between federal prosecutors and prominent ... industry trends, business articles and survey research
frontline: tax me if you can: gimme shelter: chronology | PBS
which requires tax shelter promoters to register with the IRS before offering their products to the public. The promoters must maintain a list of all investors in each shelter and make the list available to IRS within 10 days. Shelters are defined as investments that deliver at least $2 in tax savings for each $1 invested in the shelter. Included in the Tax Reform Act is a proposal that targets individuals who are taking advantage of abusive tax shelters. The IRS later suspects the 1986 law caused a flow of tax shelter promoters and practitioners -- armed with a glut of specialist knowledge -- to target their activities toward ... industry trends, business articles and survey research
Tools to beat the market
These days it isn't hard to beat the sharemarket. You just stay away from it. But there's one shares strategy that, had you pursued it over the past 15 years through thick and thin, would have beaten the market five times over. It's also deceptively simple, though not entirely logical. Don't fret. I'm coming to it. But first the proof. The publishers of the online tipsheet, Matthew Brooks and Paul Nojin, decided to test how various strategies would have worked between the end of 1995 and the end of 2009, a period that includes two booms and two crashes. They've published the ... market trends, news research and surveys resources
Have your say on IMA sector review
The IMA surveyed its members on May 27 about how to house funds which use wider Ucits III or non-Ucits retail scheme (Nurs) powers to hold alternative assets, many of which are not covered by the funds’ current sector definitions. The questions from the survey are included below and cover funds which hold derivatives, but are housed in conventional equity or bond sectors, or those which invest partly in property, commodities, private equity or hedge funds, but are included in the managed sectors. The deadline for responses was June 25, and a members’ meeting is set to be held in September, but the IMA emphasises the consultation ... market trends, news research and surveys resources


Statement of Facts
Offshore Portfolio Investment Strategy ("OPIS"); Bond Linked Issue. Premium Structure ("BLIPS"); and Short Option Strategy ("SOS"). ... technology research, surveys study and trend statistics
"Basis Shifting" Tax Shelter Coordinated Issue Paper
On July 26, 2001, the Service issued Notice 2001-45, 2001-33 I.R.B. 129, announcing that the Service will challenge transactions identified as "basis shifting" tax shelters and disallow the capital losses purportedly derived from such transactions.  These transactions are arranged by promoters and are often marketed as either Foreign Leverage Investment Portfolio ("FLIP") or Offshore Portfolio Investment Strategy ("OPIS") transactions.  The transactions rely upon the interplay between I.R.C. § 302 (relating to distributions in redemption of stock) and I.R.C. § 318 (relating to constructive ownership ... technology research, surveys study and trend statistics
Tax Shelters: Exotic or Just Plain Illegal? - Knowledge@Wharton
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Google Answers: Wine Mutual Funds
I am searching for a mutual funds that invest primarily in wine and/or wine companies/distributors. A sufficient answer will contain the URL for these companies if applicable, the minimum investment, and other pertinent information. Also, it doesn't necessarily have to be a mutual could be an ETF or other investment vehicle. I do not want a list of individual wine stocks. I have this and can build my own portfolio this way, but would prefer to invest in an established fund. I have identified several investment vehicles of the type you requested. Please note that some may be closed to new investors and that ...
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