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Offshore Banking is Not Illegal For High Yield Return Investing

If it weren’t for the distortions, lies, and self-serving propaganda promulagated by the the I.R.S., the U.S. Government, and the bankers, you would not cringe each time you hear the words: “offshore banking” .

Why is this so? – Because most people don’t have a clue about what offshore banking truly is, they simply accept the distorted things they read in the controlled media and they ASSUME that offshore banking is some kind of criminal activity or tax free scheme. Or, they ask their financial planner, accountant, or lawyer and he, being as uninformed as they are, advises that it is too risky, unethical, illegal, or immoral.

The suspicion and fear surrounding offshore banking is actually only a condition of “lack of Information & knowledge”. Very few people, including both those who promote it and those who condemn it, really KNOW what offshore banking is. BUT, the I.R.S., the government and the bankers know too well that money kept outside the U.S. is money they cannot control, confiscate, or use for their own evil purposes. That’s why they are relentless in their condemnation and defamation of citizens having offshore bank accounts since they fear it will only be used for a tax free way to hide money.

Unfortunately, the promoters of offshore banking have done very little to satisfy or alleviate the suspicions and fears of the public. In fact, because they themselves do not have a clue about the real meaning of offshore banking, these promoters have given the government, the bankers, and the I.R.S. the tools needed to bind the public with the chains of suspicion and fear regarding offshore high yield return on investments, banking, and many overseas opportunities. All this results in your money being kept in U.S. banks and poor return yielding investments where the profits are small.

The scandalous condemnations and defamation of offshore banking is simply another deceitful scheme pushed upon the gullible American public by the U.S. banking establishment and the U.S. government . Their purposes are evil in that their intent is to keep control over YOUR MONEY for their own self-serving uses and mis-managing purposes. Have you ever heard of government waste?

No matter what the bankers and government tell you, their true intent is not for the restraint of the true criminal element in society like drug dealers, child pornographers etc. They know, as well as you do, that true criminals will carry out their evil activities no matter what laws concerning offshore banking try to restrain them, because it is the nature of criminals to do so.

The real goal of the government is to restrain the movement of YOUR MONEY from going offshore and tightly hold it within their jurisdiction where they can have power over it and seize it if they can create a reason to. The true intent of the bankers, who work in a fascist alliance with the government, is to keep your money within their banks and that is why they hate offshore banking.

But the GOOD NEWS is: you can use offshore banking legally; pay your taxes, report your transactions, and by doing so you can legally enjoy passive income two, three or even four times greater than what you can earn in the U.S. All this is accomplished through your legal offshore bank accounts and high yield return on investments.

If people choose to use their overseas bank account for illegal purposes, the matter will be between them and their conscience, and possibly their government if they get caught. But, remember, their illegal use of offshore banking does not make offshore banking illegal. If they get caught, then they will be at fault and not the offshore bank.

For many years people with deep pockets have known about and used offshore banking opportunities in order to protect their assets, increase their earnings with high yield return investing, gain personal privacy for their financial affairs, and legally defer taxation with tax free investing in some cases. BUT NOW, anyone with a good income, and modest savings, can take advantage of the same exceptional opportunities and free themselves from the forces which are opposed to true liberty and the sovereignty of the individual.

This article is governed by international copyright laws and is governed by the laws of Ezine Articles. Violaters of their rules will be punished to the fullest extent possible. But may you enjoy the offshore banking experiences that are available to you in the future.

James Bauman Ph.D. has been involved with the offshore world, banking, and asset protection for about 12 years now. During that time he has gained an education in offshore banking and high yield return investing and has learned of an offshore bank where depositors regularly make 50% to 100% high yield return on their money per year. Out of the experience he has gained over the years he developed the offshore banking and asset protection business FREEDOM OFFSHORE SERVICES. You can find out more and how to get FREE offshore bank account introductions here: http://www.freedomoffshore.com/offshorebanking.html Also, you can learn more about why a personal offshore bank account is not the safest way to control your offshore banking here: http://www.freedomoffshore.com/offshorebankaccounts.html Now, how do you know we are real? If you want a reference for us then we can give you someone to contact who will confirm our integrity.

Ministry Of Finance On High

:   Packaging industry to actively encourage the development of new products and new technologies, promote the development of China’s packaging industry, the central government decided in 2005 to arrange for the packaging industry high-tech R & D funds (hereinafter referred to as “the funds”) to support the packaging industry High-tech R & D projects, technological innovation, new technology promotion. The relevant matters are announced as follows:

First, the scope of financial support. The fund should focus on support to national macroeconomic policies, environmental protection and Cycle Economic policies following items:

1, identified by the departments concerned with the international advanced level, or fill the gaps in the new packaging products, packaging materials and Packaging Machinery The development and industrialization projects.

2, integration of industry high-tech R & D projects, identified by the relevant state-level new product development project, more than in the provincial and municipal sector project of the new materials, new technologies, design and development projects, application of technology projects .

3, protection of personal Health New environment-friendly packaging materials safety program.

4, packaging reduction and energy conservation projects, waste disposal and use of project packing.

5, packaging and related laws and regulations Standard Of research, technical standards development and Test Project.

6, in line with national policy on the packaging industry and other new technology projects.

Second, support methods and uses of funds.

Mainly taken the free grant and loan interest subsidies to support two ways. Right to self-investment in R & D projects based, in general, free-funded approach; on bank loans to invest in R & D projects based, in general, loans interest subsidies. A project by selecting one of the two, they shall not apply.

Unpaid amount of funding, each project within the general control of the 5 million yuan, and does not exceed the amount invested enterprises self-financing. The amount of discount loans, lines of credit and reference projects as announced by the People’s Bank to determine interest rates, interest payments by businesses after the first procedure discount, the discount period for each project is generally not more than two years, the discount amount of not more than 5 million yuan.

The funds should be mainly used for research and development process of the project related expenses incurred, generally include: labor costs, a key test equipment and software costs, Fuel Power costs, leasing costs, testing costs, materials, commissioned the development costs, the existing system requirements and approved by the Ministry of Finance and research and development projects related to other expenses.

Third, the declaration of capital (A) for the funding of enterprises must meet the following qualifications:

1, an independent legal entity, corporate governance norms of packaging products, packaging materials, packaging machinery production of the domestic large and medium.

2, Finance Management system is sound, timely financial departments to submit financial information at the same level.

3, accounting and tax credit good credit.

(B) In addition to the basic conditions for the above requirements, the enterprise shall meet the following conditions:

1, set above the provincial level enterprise technology centers recognized.

2, R & D investment accounted for over a year Sell The proportion of income for more than 3%.

3, the last 3 years average annual R & D investment over five million yuan.

(C) for the funding of enterprises should submit a written application and provide the following information:

1, enterprise legal license copy and articles of association (copy).

2, production Operate , Including the operation of the main products, production technology, the major economic indicators.

3, project feasibility study report. 4, by the accountant Services The Audit Of the annual accounting Report And audit reports.

5, issued by environmental authorities above the provincial level environmental evaluations.

6, R & D funding required for their effective certificate (already implemented or have been put into effective self-financing project construction documents; project loans Contract And bank interest inventories, etc.).

7, the other required information provided.

4, audit and disbursement of funds.

Provincial finance department commissioned at the same level Packaging Technology Association, the region within the qualifications of the applicant and review relevant materials, and August 31 of each year, will fund the project application report and materials submitted to the financial reporting Department. The central business capital project application report and the material directly to the Ministry of Finance reported.

Ministry of Finance commissioned the China Packaging Federation Organization Expert Central and local enterprises and project application report submitted to conduct the assessment and, based on assessment results, determine the support of the project, validation methods and amount of financial support. Central enterprise funds directly allocated by the Ministry of Finance; local enterprise funds allocated by the Ministry of local financial departments, allocated by the local financial sector to the enterprise.

Five capital accounts processing. Free enterprise funded projects received funds to form part of assets, included in Capital Reserve; not form part of assets, to be factual verification. Discount loans to finance the project received funds, charged against the financial costs.

VI funds supervision and inspection. Units to undertake the project on the implementation of the special account management and accounting of funds, no unit or individual shall not retain any excuse, misappropriate. Ministry of Finance and local finance departments of the funds management and use of supervision and inspection, may authorize the audit department or a public audit agency audit, financial trickery to defraud, or for use under the use of funds by the project, will fund the removal of the unit eligibility criteria, and in accordance with the “financial penalties for sanctions violations Ordinance” seriously.

The People’s Republic of China Ministry of Finance

July 26, 2005

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