The Offshore Money Book: How to Move Assets Offshore for Privacy, Protection, and Tax Advantage [With Disk]

by Arnold Cornez

A guide to using offshore investing as a method of asset protection, this book evaluates places in which to invest to avoid offshore scams. This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0809225174
• ISBN13: 9780809225170
• Release Date: April 2000
• Publisher: McGraw-Hill Companies
• Length: 288 Pages
• Weight: 1.15 lbs.
• Dimensions: 1.0" x 6.0" x 9.0"

Customer Reviews

Don't read at your peril

If you are looking for a "feel good" book that only gives you the sugar frosting about offshore without warning you about the many pitfalls, then this book isn't for you. On the one hand, if your interest is learning about the realities of offshore banking and tax reporting for U.S. citizens, etc., the you will find this a good starter guide. It's also chock full of interesting stories based on Mr. Cornez's personal experiences in the offshore havens.

Pretty good book for newbies

This is a good book for teaching newbies the basics of how to go offshore, open bank accounts, and (perhaps most importantly) avoid offshore scams. The book needs to be read in light of recent revisions to the Patriot Act and new currency transfer reporting requirements. Don't even think of going offshore if your goal is to try to hide money from Uncle Sam, since if your particular plan fails it will probably end up being felony tax evasion.

A Must-Have Reader for Offshore Newbies

Arnold Cornez's text is the classic guide to how to "go offshore" and what to avoid. While giving a realistic view of offshore banking and investing, Arnie also points out many tax pitfalls and dangers, and makes clear that you really need a qualified tax attorney to assist you. This book is a great compliment to Adkisson & Riser's Asset Protection book (which is primarily aimed at domestic solutions), and reading the two together will give you a good overall picture of domestic-foreign asset protection and privacy planning. But don't buy either of these books if your goal is simply to hide money offshore, because they both tell you in the clearest terms that such strategies don't work in the real world. If you want that kind of advice, then buy the book of the several authors who coincidentally are convicted felons (and who later sold their many clients out to the IRS in exchange for reduced sentences) such as Terry Neal and Jerome Schneider. Not surprisingly, [...] artists detest this book and are undoubtedly those writing the bad reviews, since Arnie points out a wide number of offshore schemes and [...] that offshore newbies too often fall for -- and of course anybody who reads this book and avoids those scams is taking money off the dinner plate of the numerous [...] in the Caribbean and elsewhere. That fact alone makes the value of this book equal to its weight in gold.

Director of Corporate Finance

While some of the specifics are dated - this is the best book on the subject - bar none. It written by a real professional in the business - not book by a hot air promoter like the now indicted Terry Neals or the indicted Jermore Schinder that lie to their clients to get money.Cornez tells it how it is for US residents.Read, learn and don't listen to those who tell you what you want to hear - but just lead you in to trouble.So when does he come out with the new edition?Bob

Of all the books I've read, this one rates at the top.

After spending 2 years in Costa Rica and learning much about investing offshore and what not to do, I read every (affordable) book I could get my hands on (Offshore Money Havens, Tax Haven Roadmap, Tax Havens (Barber and Ginsberg), Behind Closed Doors, Take Your Money and Run, etc.). The Offshore Money Book was the most up-to-date with clear examples and Arnie tells is like it is. So many books are either come ons to sell offshore services or down right illegal and could get the neophyte offshore investor in serious trouble