My colleague, Mark Nestmann, consistently provides our Sovereign Society members and his readers with valuable tax and privacy information. I just read a highly informative blog entry Mark wrote entitled: "DOJ/IRS: We're Just Getting Started in Offshore Crackdown"
Mark just returned from a conference in San Antonio sponsored by the American Bar Association's Section on Taxation, of which he is a member.
He gives the inside facts about plans the U.S. Department of Justice (DOJ) and the IRS have to expand their radical anti-offshore vendetta -- and how offshore banks and financial institutions and the nations affected are likely to react.
Mark attended briefings in which high level DOJ and IRS officials participated including Victor Song, Deputy Chief of the IRS Criminal Investigation Division and Jeffrey A. Neiman, Assistant U.S. Attorney for the Southern District of Florida.
You Ain’t Seen Nothing Yet
The bottom line, Mark says, is that these influential individuals believe that what we and the offshore world suffered during 2009 -- the UBS affair, the capitulation of Switzerland and other offshore centers, dozens of new tax information exchange agreements -- is only the beginning if Obama’s officials have their way.
I urge you to review Mark's San Antonio report and to adjust your financial activities to meet these new challenges within the requirements of the law. As always, Mark and I will keep you informed as events occur.
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You can learn all about "going offshore" personally and financially, about legitimate and legal offshore financial centers in my just published 4th edition of Where to Stash Your Cash Legally: Offshore Financial Centers of the World. Find out how here.
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