In 2010, President Obama signed into law a jobs bill referred to commonly as the HIRE Act. The law provided federal funding for a variety of job creating activities (roads, bridges, police, etc). Title V of the act, referred to as the "offset provisions", created a new section of the tax code called the Foreign Account Tax Compliance Act (FATCA) for short.
For people considering moving assets offshore, the new withholding tax under FATCA (Foreign Account Tax Compliance Act) which was scheduled to go into effect January 1, 2013 was a major planning milestone. That deadline, however has now been pushed back to January 1, 2014 to give foreign banks more time to comply with their new disclosure responsibilities.
Another, perhaps even more insidious deadline, however, is the pending expiration of the Bush tax cut "extensions". The Bush tax cuts were initially scheduled to expire December 31, 2010. In the last few days before the end of 2010, the tax cuts were extended for two years.
Many Hemispheres readers are already heavily invested in gold and silver. They are looking for diversification but would like to stay in hard assets and even more specifically, metals. Fortunately, there is a new, valuable asset class that you can physically own in your own name, (trust or LLC) touch and see, take delivery of, or store off-shore in allocated, segregated fashion, reselling directly into the industrial market when you liquidate or when the stockpile is sold in its entirety at full mature value.
These are the rare and strategic metals that are now used in 80% of all products today.
“The secret ingredient of almost everything!”
Dear Readers,
Read below the fourth in a series of articles to be presented at an upcoming conference. This article is by Maurice Glazer, CEO of the Glazer Financial Network, who writes about how to buy real estate with your retirement plan.
If you are interested in more information about the Global Asset Protection Conference November 7-11, 2012, let me know and we’ll send over more details. Right now, enjoy the article by Maurice Glazer.
Michael Cobb
Editor and Publisher
www.HemispheresPublishing.com
General strategy and methodology:
Health Matters
Because of the importance of this topic, I have dedicated most of this newsletter to this article.
Heart Surgeon Speaks Out On What Really Causes Heart Disease
Dr. Dwight Lundell
Prevent Disease, Thu, 01 Mar 2012 21:58 EST
We physicians with all our training, knowledge and authority often acquire a rather large ego that tends to make it difficult to admit we are wrong. So, here it is. I freely admit to being wrong. As a heart surgeon with 25 years experience, having performed over 5,000 open-heart surgeries, today is my day to right the wrong with medical and scientific fact.
HEARD ABOUT THE FISCAL INCENTIVES PROGRAM? No?
One of Belize’s Government Incentives in stimulating productive economic activities is the Fiscal Incentives Program. The Fiscal Incentives Program aims to encourage legitimate investment in Belize for both existing and prospective investors through the granting of duty exemptions on imported items for your business. So what is the Fiscal Incentives Program exactly?
The biggest concern of most investors today is having enough monthly income to support their lifestyle through retirement. Far too many people are forced to liquidate their equities, and unfortunately will outlive their available money. In fact, a Wells Fargo Bank report indicates that 60% of the middle class will outlive their money.
Business passive income is the number 1 investment of the wealthiest 5% in the world. Business income is how the rich keep getting richer by living off passive income and compounding their equity investments.
PART I
Day 1
I am in Cali, Columbia, South Am. I am coming here from Medellin, Colombia, where I spent about a week or more attending a Live and Invest conference and just checking the place out. I rode on 2 wheels in a Mama-mobile from Medellin to the airport which normally takes about 45-50 minutes to reach. Today we made it in 12 minutes. I had to change my pants and clean my behind even before I could check into the airport, needless to say I now know the enthusiasm which makes people neal and kiss the ground.
Being hired by Gran Pacifica in the year 2003 as a coordinator of Social activities has been one of the most important decision, challenges and opportunities in my life. I come from a very poor family. Accompanied with the tragedy of my mom’s death when I only was 8 years old, it was a huge effort to complete my primary and secondary school. Actually, I did not want to study English but finished my career successfully at a Public University in Nicaragua. Right after university, I started to teach English in a rural community where I currently live.
