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the CPA Moms * Panama Taxes
Panama: The Benefits of this Jurisdiction for your IBC
Richard Price
Why use the jurisdiction of Panama for your IBC? Does 'no income tax', 'no capital gains tax' and 'no estate tax' capture your attention? If so, read on…
Panama constitution provides the highest levels of banking and corporate secrecy/privacy laws in the world. With Britain's proposed regulation for removal of bank and corporate book secrecy in the UK offshore territories, it is clear that Panama will remain one of the only secure offshore financial centers in terms of privacy and confidentiality that is not only respected, but vigorously protected by constitutional law. Panama has no mutual legal assistance treaties (MLAT's) for sharing of banking information with any other nation and does not recognize court rulings from other countries. In fact revealing banking information to third parties is a crime in Panama, punishable by imprisonment. There is no such thing as "piercing the corporate veil" in Panama. Panama Corporations offer "Bearer Shares", allowing shareholders to maintain 100% privacy and confidentiality.
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Tax Incentives For Business (Mondaq)
Additional Tax Credits for Qualifying Advanced Energy Manufacturing Projects – Section 48C of the Internal Revenue Code of 1986, as amended (the "Code"), provides a 30 percent tax credit...
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Panama is a 100% Tax free Haven. Non-resident Panamanian International Business Corporations (IBC's) and Private Interest Foundations do not pay tax on any of their income (as indicated below), nor do they have any reporting requirements to the Panamanian government on non-Panamanian source income:
- No income tax
- No capital gains tax
- No interest income tax
- No sales tax
- No tax on issuance of corporate shares
- No tax to shareholders
- No stock sale or transfer tax
- No capital stock tax
- No property tax
- No estate tax
- No gift tax
- No stamp tax
- No succession tax
- No inventory tax
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Calif. Passes Gas Tax Changes To Help $20B Deficit (CBS 5 Bay Area)
Legislators passed a complicated change to the gasoline tax Thursday to address part of the state's $20 billion budget deficit and said it's enough to get the state through its financial problems for ...
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For more information about setting up your IBC in Panama, please visit our website: http://www.confidentialbanking.com/jurisdictions-panama.html
Richard Price is a partner of Liberty Enterprises Inc., a resource for offshore banking services. For more information about offshore banking, please visit the website http://www.confidentialbanking.com
Who are the CPA Moms? Your Tax Professional Forever!!!!
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“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
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Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
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To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
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Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
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Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
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For reliability and dependability of Tax Net, Inc, the parent company of the “Moms” organization click on the Better Business Bureau (BBB) icon. To Join CPA Moms
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Index of Articles about the CPA Moms
What Other Authors say about the CPA Moms
Small Business Tax Credit - Americans with Disabilities Act
by Richard A. Chapo
Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset...
Need a Copy of Your Tax Return Information?
by Richard A. Chapo
Taxpayers have two easy and convenient options for getting copies of their federal tax return information -- tax return transcripts and tax account transcripts -- by phone or by mail.A tax return transcript...
Tax Returns for the Deceased
by Richard A. Chapo
Two things in life are certain - death and taxes. Here's what to do if the two are combined as far as filing a tax return. Tax Returns for the DeceasedIf a person dies, their finances are immediately converted...
Working or contracting abroad
by Dylan Brent
Are you heading overseas to find your dream job, or have you been offered an opportunity to work in another country. if so, there are some tax matters to organize and resolve when you take on overseas...
Estate Tax Repeal or Revision?
by Alan L. Olsen
In 2010 the estate tax will be repealed and the gift tax rate will fall to 35%. However, this repeal is effective only for that year and the estate tax will be reinstated in some form the very next year...
How to Check the Status of Your Tax Refund Online
by Richard A. Chapo
So, you were pleasantly surprised to learn that you are getting a refund on your taxes. Congratulations! The question for most taxpayers expecting a return is, "Where is my refund?"Check Your Refund Status...
Do not let IRS make you Wait for the Wrong answer.
by Coralee LaFresnaye
It's widely known that, if you hit a snag while doing your taxes you can call IRS for answers and you if you wait long enough you will get an answer, but is it the right answer?Quote: "Two years ago it...
Income Tax Help
by LeeAnna
There are many websites on the Internet today that gives much needed income tax help for those who have no idea of what's going on during tax time. Income tax is a tax paid on income, unfortunately no...
In the articles shown above on this web site you will find information that has been collected from many independent sources. Each article or item may offers a different point of view, but not necessary that of the CPA Mom's. This information is for general information only.
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