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More About This Title Secrets of Swiss Banking: An Owner's Manual to Quietly Building a Fortune
English
English
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 by Wiley. 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.
English
Preface ix
Chapter 1 Challenges and Threats 1
The Economic Front 3
Political Landscape 14
The Un-Patriotic Act 22
The New America 25
Personal Sovereignty and the
Urgency to Act 27
Chapter 2 Switzerland—Alpine Financial Oasis 29
Roots of Political and Monetary Stability 30
The Swiss Reject the European Union 32
Armadillo-Tough Asset Protection 33
Twin Democratic Republics 34
Bankers to the World 35
Bank Secrecy in a World of Transparency 36
Cloak and Dagger 40
Swiss Franc 41
Chapter 3 Where to Begin: Opening a Swiss Bank Account 49
Types of Swiss Banks 53
How to Select a Swiss Bank 58
Types of Swiss Bank Accounts 62
Other Swiss Banking Facilities 70
Opening Your Swiss Bank Account 71
Online Banking 78
Written Instructions to Your Bank 79
Perfectly Legal Secret Account 80
Tax Evasion or Tax Fraud? 81
Worried about an Audit? 82
Chapter 4 Investing through Your Swiss Bank 85
Stocks and Bonds 87
Swiss Bank Bonds 88
Forward Contracts and
Margin Accounts 89
Precious Metals 91
Foreign Currencies 105
Commodities 112
Warrants and Options 113
Mutual Funds and Electronic
Traded Funds 114
Real Estate Investment Trusts 115
Real Estate 116
Your Own Private Monetary Policy 118
Chapter 5 Banking Policies and Regulations 127
Swiss Regulators 128
Financial Actions Task Force 130
Money Laundering 130
Qualified Intermediaries 131
U.S. Taxpayer Requirements 133
Structuring 134
Tax Treaties 135
Chapter 6 The Ultimate Investment Plan 137
Secrecy Factor 139
Investment Safety 140
World’s Best Asset Protection 140
Swiss Legal Proceedings 142
Swiss Franc 143
U.S. Tax and Reporting Requirements 144
Tax-Deferred Earnings 144
1035 Tax-Free Exchange 145
Swiss Taxes 145
Compound Earnings and Interest 145
Swiss Portfolio Bond 146
Swiss Annuity 147
Swiss Life Insurance 151
Blacked-Out, Forbidden, and Little-Known Investment Opportunities 153
Chapter 7 Alpine Retreat for Business and Pleasure 155
Business Practices 156
Travel 158
Tax-Advantaged Residency 161
Immigration 163
Swiss Real Estate 164
Swiss Real Estate Investment Companies 165
The Swiss Company 166
Doing Business in Switzerland 167
Back Door to Switzerland 169
Chapter 8 The Best Alternatives to Switzerland 171
T-7 Tax Havens 172
Liechtenstein 175
Andorra 176
Austria 177
Panama 178
Belize 179
Saint Kitts and Nevis 181
Tax Information Exchange Agreement 182
Mutual Legal Assistance Treaty 184
Appendix A Swiss Banks 189
Appendix B Other Swiss Service Companies 249
Appendix C Resources 257
Appendix D Suggested Reading 261
About the Author 265
Index 267
