Report: “Favorite New Tax Haven Is The USA”

January 28, 2016

A Bloomberg article – “The World’s Favorite New Tax Haven Is the United States” — states that “moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business,” with two references to clients “moving assets from Bermuda.”

The article said, “Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes.

Bloomberg Businessweek 160128

“His message was clear: You can help your clients move their fortunes to the United States, free of taxes and hidden from their governments. Some are calling it the new Switzerland.

“After years of lambasting other countries for helping rich Americans hide their money offshore, the U.S. is emerging as a leading tax and secrecy haven for rich foreigners. By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming the go-to place to stash foreign wealth.”

The article references Bermuda twice, saying, “Rothschild, the centuries-old European financial institution, has opened a trust company in Reno, Nev., a few blocks from the Harrah’s and Eldorado casinos.

“It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt.”

The second mention of Bermuda says, “One wealthy Turkish family is using Rothschild’s trust company to move assets from the Bahamas into the U.S., he said.

“Another Rothschild client, a family from Asia, is moving assets from Bermuda into Nevada. He said customers are often international families with offspring in the U.S.”

Click here to read the full article on Bloomberg.

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Comments (9)

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  1. Onion says:

    Heh. A few years ago the UK was #1.

  2. planeasday says:

    Here is a list of Rothschild Controlled Central Banks…

    Read It and weep…yes the BMA.

    As a matter of fact there are only 3 countries in the world w/o a Central Bank run by this entity. Cuba, N.Korea and Iran…and we know how the “media” likes to vilify these countries when way worse atrocities and humanitarian violations are committed by some more “friendly” countries that we buddy up to…but I digress.

    It is no wonder that via “trusts” they can “offshore” wealth “inland”…Who is to argue…THEY ISSUE THE CURRENCY IN THE FIRST PLACE.

    • Keepin' it Real!...4Real! says:

      Please explain to me WHY would some click the dislike button on this fact…are there really people like them, that know nothing..?

    • frank says:

      the only place that the rothschilds don’t have a central bank is north korea
      this one family controls the worlds money

  3. ? says:

    The BMA isn’t a bank.

    • Keepin' it Real!...4Real! says:

      The Bank doesn’t print our currency…guess who’s in control of that.

      • frank says:

        in the us the fed does and the fed is illegal and has been so for over 100 years so is the irs

    • planeasday says:

      Yes…our Monetary “Authority” (which is really just another way of saying Central Bank of Bermuda) issues our currency AT DEBT…care to guess whom the debt is eventually paid to?

      Have you actually looked at one of our fiat paper monies? In BOLD it says BERMUDA MONETARY AUTHORITY –

      And like all other Central Banks or Monetary Authorities they issue to Governments at debt, set the interest rates banks borrow at and inflate or deflate money supply (to name a few of its controls) – to deny this means you failed economics 101

  4. Kathy says:

    The USA is such a hypocrite! Enact FACTA legislation and force companies to spend thousands of dollars on assistance with FACTA reporting and compliance and now they are taking the funds into the USA without having to report anything? Does this include inviting terrorist dirty money into the very country who says they are trying to prevent the offshore havens for these terrorists???

    The Swiss banks were the biggest fools…and lost all their wealthy clients in the process! USA – you always reap what you sow and it will come back to you!