What’s the Best Tax Haven for American Citizens?

jackbassteam:

More Application Not Analysis Is Needed

Do you have a tax reduction strategy ?

The most important thing that you MUST do is seek advice from a qualified advisor – Jack A. Bass, B.A. LL.B. (someone who understands international tax jurisdictions and tax law) . Your advisor must understand the benefits of particular offshore jurisdictions. It is your responsibility to take action.

In most jurisdictions you can set up your offshore company in as little as a few weeks. We most often start the process with registering a company name and sending in the right documentation and supporting documents for the incorporation and a bank account(s) or merchant account for you and your business.All of this can be conducted by internet on in rare cases we will attend in person – for you.

Contact Information:

To learn more about asset protection, trusts ,offshore company formation and structure for your business interests (at no cost or obligation)

Email info@jackbassteam.com  OR

Telephone  Jack direct at 604-858-3202

Monday – Friday 10:00- 4:00 Pacific Time Zone ( same as Los Angeles)

Do You Have A Plan – or are you just planning to think about a plan ?

Originally posted on International Liberty:

Since I spend considerable time defending tax competition, fiscal sovereignty, and financial privacy, people sometimes think I can give competent advice on how best to protect one’s income from the IRS.

Hardly. Like most people in Washington, I’m all theory and no practice.

Besides, when people ask me about the ideal tax haven for an American citizen, I generally don’t have good news.

I explain that they are already living in a very successful tax haven, but then given them the bad news that only nonresident foreigners can take advantage of America’s tax haven policies. Though we should still be happy about being a haven since the favorable tax rules for foreigners have attracted lots of investment.

With the erosion of financial privacy, the IRS has considerable ability to track your money around the world, so moving your money to an overseas tax haven…

View original 1,150 more words

Trading Alert : Penn West Defies Jim Cramer

Please review yesterdays negative analysis from Jim Cramer ( The Street) .

Our position at $2.40 that day seems to have caught the updraft from institutions bottom fishing the stock.

The large position of short sellers meand more volume to the upside.

PENN WEST PETROLEUM LTD(PWT:TSX, CA)

2.56CADIncrease0.11(4.49%)Volume: 
Above Average
As of 07 Apr 2015 at 11:14 AM EDT.

 

QUOTE DETAILS

Open 2.43 P/E Ratio (TTM)
Last Bid/Size 2.56 / 46 EPS (TTM) -3.49
Last Ask/Size 2.57 / 527 Next Earnings 29 Apr 2015
Previous Close 2.45 Beta 2.10
Volume 864,948 Quarterly Dividend 0.0100
Average Volume 2,253,300 Dividend Yield 1.56%
Day High 2.56 Ex-Dividend Date 27 Mar 2015
Day Low 2.33 Shares Outstanding 502.2M
52 Week High 11.00 # of Floating Shares 499.8043M
52 Week Low 1.67

Junior Oil Spec Pick – Penn West Petroleum Jim Cramer Review

NEW YORK (TheStreet) — Shares of Penn West Petroleum Ltd. (PWEGet Report) are up by 5.96% to $1.60 in mid-morning trading on Monday, as some stocks in the energy sector rise along with the price of oil, which is moving higher a result of the decline in the dollar.

Crude oil (WTI) is gaining by 0.46% to $46.78 per barrel and Brent crude is climbing by 0.72% to $55.72 per barrel this morning, according to the CNBC.com index.

The dollar is lower by 0.47% today, according to the Wall Street Journal dollar index.

In recent sessions currency markets have been volatile as investors consider the prospect of higher U.S. interest rates coming later this year, the Journal noted, adding that when the dollar declines oil becomes less expensive to those acquiring the commodity using foreign currencies.

“At this point, the U.S. Federal Reserve…will have as much of a role in determining the path of crude oil as will Tehran and Riyadh,” industry newsletter The Schork Report said, the Journal added.

Separately, TheStreet Ratings team rates PENN WEST PETROLEUM LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

“We rate PENN WEST PETROLEUM LTD (PWE) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.”

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • PENN WEST PETROLEUM LTD has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, PENN WEST PETROLEUM LTD reported poor results of -$3.49 versus -$1.66 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 162.5% when compared to the same quarter one year ago, falling from -$675.00 million to -$1,772.00 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, PENN WEST PETROLEUM LTD’s return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $120.00 million or 63.52% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm’s growth rate is much lower.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock’s performance over the last year: it has tumbled by 81.92%, worse than the S&P 500’s performance. Consistent with the plunge in the stock price, the company’s earnings per share are down 158.69% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock’s sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.

Amazon Woos EBay’s Once-Loyal Merchants With Faster Sales Growth

 

 

EBay Inc.’s once-loyal merchants are moving more of their business to Amazon.com Inc., saying they get more for their money by selling merchandise via the Web retailer.

Amazon’s pool of merchants doubled to about 2 million in 2014, while the number of sellers on EBay has remained flat at 25 million in the past two years. Businesses that at first set up online storefronts on EBay say they’re surprised how quickly sales surge on Amazon once products appear on both sites.

The move to Amazon, which boasts a bigger user base and offers more ways to ship merchandise, poses a threat to EBay, which pioneered the idea of an Internet marketplace where merchants big and small could hawk wares.

“We saw sales drop 10 percent on EBay and gain 10 percent on Amazon,” said Chance Knapp, chief executive officer of Vivo Technology, a laptop parts and accessories business, about a few product lines he moved last year. “It was like customers were actually shifting from EBay to Amazon.”

EBay is already under pressure, chalking up lackluster holiday-quarter sales and suffering a marketplace traffic slowdown that CEO John Donahoe blamed on changes in the way Google Inc. handles shopping-search results. EBay is spinning off its PayPal division this year after pressure from activist investor Carl Icahn, who lamented sluggish gains in the online shopping division.

Competitive Edge

Moving storefronts doesn’t come cheap. Amazon charges a premium for its logistics services, which include storage, packaging and ensuring products are shipped in a timely manner. Both companies have complex price formulas that vary by product category. While EBay typically charges about 10 percent of each item’s final sale price, Amazon takes 15 percent in most cases, with additional fees for optional storage and packaging.

Many sellers say Amazon is worth the extra expense to achieve greater sales volumes and that it’s cheaper to let Amazon handle logistics than do it themselves.

ChannelAdvisor Corp., a Morrisville, North Carolina consulting company that helped 3,000 merchants sell $6 billion in merchandise last year, saw the migration to Amazon from EBay begin last year. Slowing sales growth on EBay encouraged sellers to move inventory to Amazon, and the gap widened, according to Scot Wingo, ChannelAdvisor’s CEO.

By the last three months of 2014 — critical for retailers because of holiday shopping — ChannelAdvisor saw its clients’ Amazon sales rise 33 percent from a year earlier, compared with 5 percent growth on EBay.

“EBay remains a good part of the business, but it’s on life support and the growth is on Amazon,” Wingo said.

Shopping Traffic

Chris Matsakis, president of daily-deal site DealGenius.com in Chicago, said that as recently as 2013 sales on EBay exceeded those on Amazon’s marketplace. Last year, his revenue via Amazon grew fivefold, and are now four times greater than sales on EBay, he said.

“We’re seeing significant growth on Amazon where EBay has sort of plateaued,” Matsakis said.

Amazon — which also sells goods from its own inventory of products, not just from third-party retailers, such as EBay’s marketplace — attracted 174.9 million unique visitors in the U.S. in February, 46 percent more than EBay, according to ComScore Inc.

EBay remains the leading marketplace, measured by the number of of sellers, which has remained steady at 25 million for the past two years, according to Ryan Moore, a spokesman for EBay. He declined to comment on any sales shift, referring instead to Donahoe’s previous statements on revenue growth.

Loyal Customers

Amazon, based in Seattle, had more than 2 million merchants at the end of last year, up from more than 1 million at the end of 2013. Still, Amazon’s logistical support services and larger customer base make it attractive to sellers with high sales volumes of quick-moving inventory, while EBay remains more favorable to small sellers of collectibles and specialty items.

Amazon, which has 270 million active buyers compared with EBay’s 155 million, has had a third-party marketplace since 2000 and started offering Fulfillment by Amazon in 2007. Some sellers have been wary of Amazon, since it can also be a retail competitor.

The shift highlights the value of Amazon’s paid membership model and its investments in distribution. Amazon boasts tens of millions of customers who pay $99 a year for fast delivery, as well as offering online music and movies. Merchants are willing to pay Amazon more to access those shoppers and have Amazon handle and deliver their products.

“You can draw a pretty straight line to the success and popularity of Amazon Prime,” said Gil Luria, an analyst at Wedbush Securities Inc. “People who used to shop all over the place are now doing most of their shopping on Amazon.”

Shipping Services

Three out of four merchants using the Fulfillment by Amazon warehousing, packaging and shipping service reported annual sales growth of 20 percent, according to a recent survey by Amazon. More than 40 percent of all products sold on Amazon comes from third-party merchants who pay Amazon a cut of each sale, said Tom Taylor, Amazon’s vice president of seller services. Those sellers are increasingly paying Amazon extra to handle storage and shipping, he said.

“Sellers benefit from the confidence that customers have in Amazon, while tapping into Amazon’s world-class fulfillment resources, global selling expertise and customer service,” Taylor wrote in an e-mail interview.

E-Commerce Challenge

A key benefit to selling on Amazon is prolonging the holiday shopping season, merchants said. EBay sales tail off about a week before Christmas, while sales on Amazon remain strong for several more days because customers are confident gifts will still be delivered in time, merchants said.

EBay’s marketplace revenue growth of 6.4 percent in 2014 trailed the industry’s growth rate of 22 percent, according to EMarketer. That’s a key challenge facing Devin Wenig, who will become CEO of EBay after the company spins off PayPal.

“EBay has lost its sight,” said David Epstein, e-commerce director for Watchwarehouse.com based in London, which has also seen sales on Amazon overshadow those on EBay. “EBay doesn’t think as a retailer, but Amazon does because so much of its business is retail.”

Easter Investment Advice

'I hope everyone had a beautiful day!'

Iran Nuclear Deal – Oil and Iran – What Happens To The Oil Price Now ?

 

 

Oil Falls; Will it Last?

Iran has been under official sanction by the UN Security Council since 2006 after failing to acquiesce to Western demands that the Iranians stop all enrichment activity.

After nearly a decade of strict sanctions against Iran’s oil and finance industries, both sides came to the negotiation table over a year ago.

On one side, the U.S., France, Britain, Germany, China, and Russia worked to curb the proliferatory elements of Iran’s program, while the Iranians fought for their own autonomy in energy production.

Upon news of the deal, the market saw oil drop significantly.

Brent crude fell almost $3 per barrel, while West Texas Intermediate dropped 3.5% to $48 per barrel.

The reason for this reaction is simple…

IranExports

Per the deal, sanctions against Iran’s oil industry would be lifted, which means Iran would be able to increase the export numbers you see above.

In an already flooded global market, news of the possibility of more oil sent prices down again.

While this is a completely plausible reason for oil prices to fall, the market fails to recognize that oil could actually go up because of this deal.

With Iran holding some more clout in the oil market in the Middle East, the nation will have incentive to grow production and exports.

Iran’s natural enemy by proxy — Saudi Arabia — may lose its gumption in an oil price war with the United States, Russia, and other OPEC producers.

Sure, the Saudis can withstand low oil prices until shale wells dwindle further, but with Iran, Russia, and the U.S. continuing production growth, Saudi Arabia may want to cut production, as a longer period of low prices will hurt revenues and cause budgetary problems for the Kingdom.

I realize this may sound counterintuitive, but while prices stand to fall in the short term, the long-term health of the oil market improves with a diversified set of major producers and exporters.

Ways to Benefit from an Iran Deal

By pushing short-term oil prices lower, the Iran deal gives us a great buying opportunity for oil stocks.

By no means am I suggesting you buy Iranian oil companies or speculative plays out of the Middle East. Instead, it would behoove you to find a constructive way to play a coming rise in oil exports and, eventually, prices.

Tanker companies authorized for American imports will be valuable, as will American midstream companies that are involved in the movement of refined oil products like gasoline and plain old crude oil.

The United States, still the biggest oil importer in the world, should now look to lift the export ban to remain competitive with global prices, as Saudi Arabia and Iran will both have a presence in the export market.

And midstream companies in the U.S. can expect to see a vast increase in business as more pipelines, refineries, and storage facilities are permitted and built to boost exports.

In a recent report, I vetted a midstream services company that has improved its business enough to garner an investment from my readers and me.

Its services will be instrumental in the development of midstream and oil logistics throughout the U.S., especially in places like the Permian, where shale oil production is rising despite the bear market.

 

The World Tax Haven / Trust Survey : Chose The Protection / Jurisdiction That Fits Your Need  –    https://taxhavenguru.wordpress.com/

Goldman Sachs : Here’s Where U.S. Investors Should Put Their Money

Analysys Sees Dry Bulk Shipping Recovery in 2016

What’s on the Horizon for the Dry Bulk Shipping Industry?

Current dry bulk shipping industry

In 2015 to date, the Guggenheim Shipping ETF (SEA), an index weighted with dry bulk shipping companies, has dropped 5.8%, and the Baltic Dry Index, or BDI, has declined 23.3%.

A few of the important players in the industry are DryShips (DRYS), Navios Maritime Holdings (NM), Safe Bulkers (SB), and DHT Holdings (DHT).

Dry bulk industryEnlarge Graph

What is dry bulk shipping?

Dry bulk shipping refers to the transportation of homogenous bulk cargoes by bulk vessels on an irregular scheduled line. The industry is affected by numerous factors such as the growth of world economies (VXUS) and commodity supply and demand. Note that investors can gain exposure to commodities through the SPDR S&P Metals and Mining ETF (XME).

Industry drivers

The dry bulk market is likely to be driven by the low cost of commodities across the board, which should lead to more trade among countries. In a recent report by Hellenic Shipping News, market research firm Allied Shipbroking is cited as noting, “with commodity prices still under pressure, and possibly slipping further as the US dollar gains ground, there could be room for extra demand to surface down the line.”

The research firm is also cited as saying that Chinese imports of iron ore have been on the rise since late February 2015. So, this is another factor favoring industry growth. What’s more, with the sliding value of the Brazilian real, Brazilian iron ore could gain the competitive edge. And, this could lead to a sharp increase in demand for longer haul routes.

This would likely force out some of the locally sourced supply in China, rather than affect the Australian-sourced supplies. The result would be positive for the dry bulk shipping industry.

Series content

In this series, we’ll look at some of the important metrics that drive the dry bulk shipping industry. For example, China’s PMI (or purchasing manager’s index) is one of the major yardsticks applied to ascertain the economy’s manufacturing growth and related demand for commodities. We’ll also look at vessel values by assessing vessel prices for newbuilds, secondhand vessels, and the orderbook for dry bulk ships.

The Baltic Dry Index Slumps to 30-Year Low in February

Baltic Dry Index

The Baltic Dry Index, or BDI, tracks a number of shipping routes and the prices paid for transporting major bulk commodities such as coal, iron, steel, and copper across the seas. It factors in the average daily earnings of dry bulk transport vessels such as Capesize, Panamax, Supramax, and Handysize. The index measures the demand for moving these raw materials against the supply of ships that can carry them.

Baltic dry indexEnlarge Graph

Current index performance

Between January 2015 and March 20, 2015, the Baltic Dry Index recorded a significant trading decrease of 23.3%, down to 591. On a year-over-year basis, the index has declined by 63.5%.

In the month of February, the Baltic Dry Index slumped to its lowest point in 30 years, dragged down by China’s economic slowdown.

Factors affecting the slide

The slowdown is reflected in international trade figures as well. Exports in January dipped by ~3%, and imports slumped by 20%. It’s the fall in imports that’s putting pressure on freight rates across the world and contributing to the decline in the BDI.

The dip in the BDI is also due to excess shipping capacity. Shipping companies around the world went on a buying spree when the Chinese thirst for raw materials to fuel its economy seemed to be unquenchable.

Industry impact

Industry analysts expect the Baltic Dry Index to remain depressed for the next two to three years. With the index retreating, companies like DryShips (DRYS), Diana Shipping (DSX), Navios Maritime Partners (NMM), Navios Maritime Holdings (NM), and Safe Bulkers (SB) are likely to be affected. So is the SPDR S&P Metals and Mining ETF (XME), which invests in industries such as steel, coal and consumable fuels, gold, precious metals and minerals, aluminum, and diversified metals and mining.

PHM Gains on Report On Business Story

Out top spec pick ( picked at $1.11  ) gained Monday closing at $1.46 on a feature in the Globe and Mail Report On Business :

Being a top performer on the TSX Venture Exchange doesn’t exactly set the investing community abuzz these days.

One of the elite listings on the lowly Venture of late is Patient Home Monitoring Corp., which has unleashed a wave of acquisitions to bring about a quintupling in share price over the last year.

Now big enough to have overcome most of the startup risks associated with Venture names, but not so big that investor hype has priced in a growth premium on the stock, Patient Home Monitoring still has plenty of room to grow.

“Normally one hears of stocks that the ‘easy’ money has been made,” Beacon Securities analyst Doug Cooper said in a recent note. “However, we believe with PHM, the opposite is the reality.”

Underlying the company’s business model are some powerful trends in U.S. health care. An aging population, combined with capacity strains on health-care facilities, have ensured a high growth rate in the home-based health-care services market.

“In a period of uncertainty in the economy, we believe the U.S. health-care service industry, especially one catering to the aging baby boom generation, offers a relatively safe haven,” Mr. Cooper said.

Patient Home Monitoring focuses on three major categories of illness – diabetes, pulmonary and cardiac – to offer multiple services to the chronically ill.

While listed in Canada, the company targets the highly fragmented U.S. home monitoring market, acquiring smaller regional businesses that need capital to expand.

Investors tend to look upon roll-up strategies with some skepticism, in part because they end up relying exclusively on acquisitions for growth. Patient Home Monitoring, on the other hand, is able to combine acquisition-based growth with considerable organic growth.

It does so through its expanding patient database. While takeover targets ideally have strong revenues and earnings, and are available at favourable prices, an extensive client list is a top priority in hunting for new deals.

“Through mining the aggregate patient database, PHM will cross-sell its various services thus driving revenue-per-patient growth,” Mr. Cooper said. “For example, those with pulmonary issues have a high probability of a cardiac condition … [and] a high probability of being overweight/obese that could require a power mobility solution.”

In the fiscal first quarter, the company generated organic annualized revenue growth of 34 per cent year over year, Mr. Cooper calculated.

And the company’s growing acquisition pipeline should mean much more growth of both kinds. Having already closed two deals this year, Patient Home Monitoring has three pending acquisitions which will just about double the size of the company, generating annual sales of about $125-million by the summer. By the end of this year, the company is targeting $175-million in annual revenue. Sales in 2014 amounted to $21.2-million.

And previous company guidance has consistently proven conservative, said Bruce Campbell, president and portfolio manager at StoneCastle Investment Management Inc., which owns shares of the company. “They’ve been fairly cognizant of not trying to over promise.”

Michael Dalsin, the company’s CEO, has said he thinks $1-billion in revenue is a realistic mark for Patient Home Monitoring, eventually. That 10-figure top line mark might come into view much sooner than many expected, considering the company’s pace of acquisitions.

In the first two months of this year alone, Patient Home Monitoring issued letters of intent or term sheets to 12 companies with combined annual revenues of more than $141-million. Non-disclosure agreements – which are the first step in identifying targets – were signed with another 40.

That kind of growth makes the company’s valuation a moving target. “The real difficulty is trying to figure out what multiple you should put on these things,” Mr. Campbell said. He estimates the stock is trading at an enterprise value to EBITDA (earnings before interest, taxes, depreciation and amortization) ratio of a little less than 10 times, based on future earnings the company has publicly declared.

Mr. Cooper said the company’s growth already realized and yet to come should warrant a multiple in the upper end of the range of 10- to 12-times forward EBITDA, which results in a target price of $1.75. Mr. Cooper is currently the only sell-side analyst covering the stock, according to Bloomberg.

While the stock has risen by more than 60 per cent this year so far, Patient Home Monitoring is now a safer play than it was a year ago, when investors had little proof that the company could execute its roll-out strategy and cross-sell its services, Mr. Cooper said. Plus, the company’s clean balance sheet increases flexibility and lowers risk.

“All of those fears should be dispelled now,” Mr. Cooper said.

Patient Home Monitoring (PHM)

Friday close: $1.39, up 4¢

TESLA Announcement on April 30 – Home Battery ?

Elon Musk May Have Scooped Tesla’s Big Announcement
It’s a big deal, but shouldn’t come as a surprise.
Don’t Miss Ou

Elon Musk is about to announce a new product that’s not a car. He said so in a mysterious Tweet designed to induce the highest level of nail-biting suspense. But the Elon Musk of two months ago may have told us exactly what we should expect.
“We are going to unveil the Tesla home battery, the consumer battery that would be for use in people’s houses or businesses fairly soon,” Musk said during an earnings conference call in February. He said the product unveiling would occur within the next month or two.
Here’s his teaser from today, which drove up shares of Tesla 3.5 percent:

Tesla is building the world’s biggest battery factory in Nevada — a $5 billion project that Musk says will reduce the price of battery storage by 30 percent. Combining solar panels with backup capacity could allow homeowners to avoid buying electricity from utilities. If the prices come down enough, it could both enhance and disrupt the U.S. power grid.
Last year, Musk said his home-storage battery will be “cool”—a word not often applied to hunks of hardware kept in basements. Here’s how he described it in a conference call in May:
“The sort of thing we have in mind is something that looks a bit like the battery pack in the Model S… something really flat… coming just five inches off the wall, a beautiful cover, integrated bidirectional inverter, and it’s just plug and play.”
Jargon alert: “integrated bidirectional inverter” basically means electricity can flow where you want it to, and “plug-and-play” means it’s easy to set up.
If indeed Tesla launches a battery, it will be a big deal. It just shouldn’t be that much of a surprise.
Read This Next: http;//www.youroffshoremoney.com

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