Fund Managers Address Audience In Bali

On 16 March several leading fund managers flew into Bali from the UK, Australia and Hong Kong to address a large invited audience at the Bali Hyatt. Between them the managers control funds containing hundreds of millions of dollars, some of which belong to many members of the audience, so what they had to say […]

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Opportunities And Pitfalls For Aussie Expats

Do you keep a pet in Australia? If so, it could affect your tax status! But more on this later. A couple of articles ago I warned of the perils facing US nationals who held offshore accounts or investments and were not reporting them. This time we will consider the position of Australian expats. The […]

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Coping With Offshore Banking Rules

Are overseas banks and financial institutions driving you up the wall? They are certainly having that effect on me. Apart from what appears to be a growing number of instances of ‘missing’ or delayed transfers the greatest misery is being caused by the anti-money laundering rules. What is money laundering? Basically, money laundering is the […]

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Good News And Bad News For American Expats

The bad news US nationals living in Bali, do you want the bad news first? Uncle Sam is getting tougher on those who are hiding assets offshore. Penalties for willfully hiding those assets will be rising to a minimum of US$100,000 or half the value of the account or investment, whichever is the greater. A […]

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