Secrets of Swiss Banking An Owner's Manual to Quietly Building a Fortune

by Barber, Hoyt

• ISBN13: 9780470136713
• ISBN10: 0470136715
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-02-04
• Publisher: Wiley

Summary

In Secrets of Swiss Banking, offshore financial specialist Hoyt Barber shows how to protect your hard-earned assets by safely and legally moving your money into trusted Swiss financial institutions. Along with timely banking advice and solid investment insights, Barber provides authoritative information on a variety of Swiss banking-related issues-from the basics of opening an account to the nuances of numerous Swiss banking and investment strategies. He also details Swiss banking policies and regulations along with U.S. tax and reporting requirements.

Author Biography

Hoyt Barber is a renowned specialist in tax havens and offshore banking and has served as a financial consultant to clients worldwide. He has authored ten books, including Tax Havens Today, also published byWiley. Barber is President of Barber Financial Advisors in Vancouver, British Columbia, Canada, a provider of offshore financial services, and the popular Offshore Evaluation Service. Visit the author's Web site at www.hoytbarber.com to learn more.

Table of Contents

Preface	p. ix
Challenges and Threats	p. 1
The Economic Front	p. 3
Political Landscape	p. 14
The Un-Patriotic Act	p. 22
The New America	p. 25
Personal Sovereignty and the Urgency to Act	p. 27
Switzerland-Alpine Financial Oasis	p. 29
Roots of Political and Monetary Stability	p. 30
The Swiss Reject the European Union	p. 32
Armadillo-Tough Asset Protection	p. 33
Twin Democratic Republics	p. 34
Bankers to the World	p. 35
Bank Secrecy in a World of Transparency	p. 36
Cloak and Dagger	p. 40
Swiss Franc	p. 41
Where to Begin: Opening a Swiss Bank Account	p. 49
Types of Swiss Banks	p. 53
How to Select a Swiss Bank	p. 58
Types of Swiss Bank Accounts	p. 62
Other Swiss Banking Facilities	p. 70
Opening Your Swiss Bank Account	p. 71
Online Banking	p. 78
Written Instructions to Your Bank	p. 79
Perfectly Legal Secret Account	p. 80
Tax Evasion or Tax Fraud?	p. 81
Worried about an Audit?	p. 82
Investing through Your Swiss Bank	p. 85
Stocks and Bonds	p. 87
Swiss Bank Bonds	p. 88
Forward Contracts and Margin Accounts	p. 89
Precious Metals	p. 91
Foreign Currencies	p. 105
Commodities	p. 112
Warrants and Options	p. 113
Mutual Funds and Electronic Traded Funds	p. 114
Real Estate Investment Trusts	p. 115
Real Estate	p. 116
Your Own Private Monetary Policy	p. 118
Banking Policies and Regulations	p. 127
Swiss Regulators	p. 128
Financial Actions Task Force	p. 130
Money Laundering	p. 130
Qualified Intermediaries	p. 131
U.S. Taxpayer Requirements	p. 133
Structuring	p. 134
Tax Treaties	p. 135
The Ultimate Investment Plan	p. 137
Secrecy Factor	p. 139
Investment Safety	p. 140
World's Best Asset Protection	p. 140
Swiss Legal Proceedings	p. 142
Swiss Franc	p. 143
U.S. Tax and Reporting Requirements	p. 144
Tax-Deferred Earnings	p. 144
1035 Tax-Free Exchange	p. 145
Swiss Taxes	p. 145
Compound Earnings and Interest	p. 145
Swiss Portfolio Bond	p. 146
Swiss Annuity	p. 147
Swiss Life Insurance	p. 151
Blacked-Out, Forbidden, and Little-Known Investment Opportunities	p. 153
Alpine Retreat for Business and Pleasure	p. 155
Business Practices	p. 156
Travel	p. 158
Tax-Advantaged Residency	p. 161
Immigration	p. 163
Swiss Real Estate	p. 164
Swiss Real Estate Investment Companies	p. 165
The Swiss Company	p. 166
Doing Business in Switzerland	p. 167
Back Door to Switzerland	p. 169
The Best Alternatives to Switzerland	p. 171
T-7 Tax Havens	p. 172
Liechtenstein	p. 175
Andorra	p. 176
Austria	p. 177
Panama	p. 178
Belize	p. 179
Saint Kitts and Nevis	p. 181
Tax Information Exchange Agreement	p. 182
Mutual Legal Assistance Treaty	p. 184
Swiss Banks	p. 189
Other Swiss Service Companies	p. 249
Resources	p. 257
Suggested Reading	p. 261
About the Author	p. 265
Index	p. 267
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