*SPECIAL RELEASE RECEIVED VIA EMAIL*

Another indictment, handed down on October 30, 2007, charges E-Gold Ltd; Gold & Silver Reserve, Inc.; and their owners Dr. Douglas L. Jackson, of Satellite Beach, Fla.; Reid A. Jackson, of Melbourne, Fla.; and Barry K. Downey, of Woodbine, Md., each with one count of conspiracy to launder monetary instruments. Subsequent to the indictment, the Department of
Justice has seized all physical gold assets stored in Panama until future notice. The case is being investigated by the U.S. Secret Service with the assistance of the IRS and the FBI. The case is being prosecuted by the U.S. Attorney`s Office for the District of Columbia and the Computer Crime and Intellectual Property Section of the Criminal Division. An indictment is merely an accusation and the defendants are presumed innocent unless and until proven guilty.

*Please contact newsletter@capitalconservator.info for a forward of this email*

NEW EU RULES OPEN UP FINANCIAL MARKETS
New rules making it easier and cheaper for people to invest throughout Europe have come into effect. Instead of being restricted to their home countries, firms selling investments can now operate anywhere across the 27 European Union countries as well as Norway, Iceland and Liechtenstein.
http://www.euronews.net/index.php?page=eco&article=451543&lng=1

WHAT TAX HAVENS TEACH US ABOUT THE BENEFITS OF LOW-TAX ECONOMIES
What are the three richest countries in the world? You might be tempted to answer America, maybe Switzerland, or perhaps even Ireland. The right answer, however, is Luxembourg, Bermuda and Jersey in that order. The CIA, which as well as spying on people collects economic data, recently published its annual ranking of global wealth, measured by gross domestic product (GDP) per capita, adjusted for the purchasing powers of different currencies. There are few better ways of measuring, not total economic power, but how well-off on average each individual citizen is which should, of course, be the main test of economic policy.
Tax Havens and Benefits of Low-Tax Economies

EU URGES TURKEY TO SPEED UP REFORMS AFTER ‘LIMITED’ PROGRESS THIS YEAR
The European Commission urged EU hopeful Turkey to relaunch its political reform programme after ‘limited progress’ this year. ‘Now is the time for Turkey to regenerate the momentum of the reform process,’ said EU enlargement commissioner Olli Rehn, presenting the EU executive’s annual report on Turkey’s progress along the path to membership in the bloc.
http://www.forbes.com/afxnewslimited/feeds/afx/2007/11/06/afx4306036.html

BUSH ADDS POLITICAL, SECURITY ARGUMENTS TO CALL FOR FREE TRADE AGREEMENTS
President George W. Bush added geopolitical and national security arguments to his standard economic arguments when he called on Congress again today to pass free trade agreements with Columbia, Panama and Peru.
http://www.forbes.com/markets/feeds/afx/2007/11/06/afx4306437.html

UBS BANKER ARRESTED OVER MONEY LAUNDERING
A banker from UBS’ wealth management group was one of 19 people arrested by Brazilian police last night in connection with an anti-money laundering investigation that is also targeting the rival Swiss bank Credit Suisse and AIG, the US insurer. UBS confirmed that a Swiss employee in its wealth management and business banking division had been detained.
Banker Arrested for Money Laundering

NEW MODE OF TAX EVASION DETECTED IN INDIA
In what seems to be a major breakthrough, the Commercial Taxes Department has detected another mode of tax evasion being followed by traders by operating several bank accounts of which only a few are declared in tax forms to suppress turnovers. The department expects that the detection will lead to discovery of crores of rupees worth unaccounted turnover across the State.
Tax Evasion Detection in India

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IRS TEAMS WITH STATES TO SHARE EMPLOYMENT TAX INFORMATION
Officials from the Internal Revenue Service and more than two dozen state workforce agencies have announced they have entered into agreements to share the results of employment tax examinations. The agreements, part of the Questionable Employment Tax Practice (QETP) initiative, provide a centralized, uniform means for the IRS and state employment officials to exchange data, thereby leveraging resources and encouraging businesses to comply with federal and state employment tax requirements.
http://www.accountingweb.com/cgi-bin/item.cgi?id=104197&d=883

NETHERLANDS ANTILLES PROFESSIONALS WILL HAVE TO REPORT UNUSUAL TRANSACTIONS
When the law is amended, more professionals will have the duty to report unusual financial transactions to the reporting centre for unusual transactions MOT. The “new reporters” were informed on Monday about pending changes to the national law that regulates the reporting of unusual transactions.
http://www.thedailyherald.com/news/daily/k149/mot149.html

DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC) GOVERNOR HOSTS TOP SWISS GOVERNMENT ADVISOR
The Dubai International Financial Centre (DIFC) today welcomed Doris Leuthard, Federal Councillor and Head of Federal Department of Economic Affairs, Switzerland along with a nine member strong delegation. Though Switzerland is a preferred destination for private and investment banks, Leuthard was keen to explore Dubai and the DIFC and understand the vast opportunities that exist in the region especially within the financial sector.
http://www.dubaicityguide.com/geninfo/news_dtls.asp?newsid=10045

URUGUAYAN PRESIDENT VÁZQUEZ TO VISIT MALAYSIA TO ENHANCE BILATERAL TIES
President Tabaré Vázquez is scheduled to visit Malaysia with a 50-member delegation on Nov 15-16, aimed at strengthening bilateral ties and exploring new areas of cooperation. Uruguay ambassador to Malaysia Pablo Sader said Vázquez’s visit is part of the 67-year-old leader’s tour of Southeast Asia, which will take him to Vietnam next.
http://www.uruguaydailynews.com/news.php?viewStory=1463

WHY NOT CHANNEL YOUR CASH INTO JERSEY?
Offshore savings accounts have fallen out of favuor over the past few years thanks to the removal of their tax-free status. However, as the onshore savings rate war spills into the offshore arena, interest in accounts located in Jersey, Guernsey and the Isle of Man is once more beginning to grow.
Offshore Savings Accounts

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This entry was posted on Thursday, November 8th, 2007 at 4:43 pm and is filed under offshore asset protection, asset protection, offshore companies, tax havens, banking privacy, offshore bank account, offshore bank, non-resident account, Offshore Banking. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.