Predictions, Precautions and Preparations: Get Ready for Radical Banking Changes in 2013
"The surest way to avoid and minimize the difficulty for individual US persons is to open your foreign bank accounts before the [HIRE Act] takes effect on January 1, 2013, and move funds that you want to use to buy international assets out of the U.S. before then." International Business Attorney Joel Nagel, in May's Hemispheres newsletter.
In January 2013, the U.S. government will radically change the way it treats international bank transfers by U.S. persons worldwide ... and it's drafting banks worldwide as its enforcement agents.
Banks around the world will be required to withhold 30 percent of any transfer by a U.S. person, unless the bank can show that the federal taxes have already been paid on that money. You can get your withholding back by claiming a refund on your tax return ... but meantime, you're out one-third of any money you transfer abroad to buy real estate, invest, do business, or simply save.
If you can get a foreign bank to do business with you at all. The costs of complying with the new law, hidden in a jobs bill called the HIRE Act, are so burdensome that most foreign banks will very likely simply refuse to do business with U.S. citizens.
To keep readers up-to-date on the latest HIRE Act developments as the IRS prepares to enforce the new law, and help them get their accounts and investments ready before 2013, Hemispheres Publishing has invited its international panel of experts to convene in Ambergris Caye, Belize, August 2-5, for our next conference. They're bringing their latest information and best advice about:
We invite you to join us for A HIRE ACT Update: Predictions, Precautions and Preparations for 2013.
Our venue is not only an English-speaking, postcard-perfect Caribbean nation of islands, mountains, ancient Mayan ruins and relaxing resort communities.
Belize is also one of the most modern international banking centers in the world, offering maximum international asset protection. Belize banking has high liquidity provisions making the banks safer and more stable than in most countries.
Join us to learn about the radical changes looming in international banking and what they mean for your investment future.
Leave with everything you need to prepare, before the changes take effect -- information, strategies, and introductions to people who can help you put it all into practice. Even individual consultations about your particular situation with international financial advisers, bankers, accountants, attorneys, and entrepreneurs offering investment opportunities in North America and beyond.
As a global investor, you will learn first-hand why Belize has become one of the premiere banking and investment jurisdictions in the Caribbean.
Come for the Conference, Stay for Adventure
We'll convene on the slender island of Ambergris Caye, Belize, whose white sand beaches, turquoise water and world-renowned coral reef offshore has made it the star of songs and TV reality shows. You can enjoy snorkeling, fishing, or diving off the longest barrier reef in the Western Hemisphere, or head inland after the conference to explore ancient Mayan ruins.
Limited to just 40 participants, the conference provides abundant opportunities for one-on-one discussions with legal, tax, financial, and trust experts about financial solutions tailored specific to you.
Our all-inclusive conference fees are $1399 single, $1999 for double registration, and include all conference sessions, meals, cocktail parties and special events, plus opportunities for one-on-one conversations and consultations with speakers.
Join us for A HIRE ACT Update: Predictions, Precautions and Preparations for 2013 August 2-5 at Exotic Caye Resort on Ambergris Caye, Belize, and prepare for the future. Just fill out our registration request form today, so we can reserve your place and send you complete information as it becomes available.