How to protect yourself, your business and your family from business taxes and lawsuits
Wednesday, October 3, 2007
Dear Business Owner,
Do you fear taxes? Do you fear strong lawsuits? Lawsuits are getting out of control these days with allegations leading to millions in lost revenues.
The United States is charging more and more taxes to you and your businesses every day. How do you protect yourself?
Are you jealous of others who have companies in other countries...?
Have you, a family member, a friend or loved one ever been defrauded, looted, hurt, injured, brutalized, or destroyed by the Internal Revenue Service (IRS)? Did no one help you, sympathize with you, or even listen to you, even though you were innocent -- even though you and your family were criminally violated, badly injured, perhaps even destroyed or murdered?
Many businesses are being sued right now for useless purposes:
In 1998, Kellogg Co. sued Exxon Corp., claiming that Exxon's "whimsical tiger" logo, which had been in existence for over 30 years, would confuse consumers who associate the tiger logo with Kellogg's Frosted Flakes mascot, "Tony the Tiger." A federal judge in Memphis threw out the suit, saying that Kellogg was "grossly remiss in failing to assert its rights" sooner. This didn't stop Kellogg, which further clogged the courts by appealing the verdict to the Sixth U.S. Circuit Court of Appeals in Cincinnati. In its brief, Kellogg argued that the Exxon tiger, like Tony, "walks or runs on his two hind legs and acts in a friendly manner".
In 1998, Enterprise Rent-A-Car filed lawsuits against Rent-A-Wreck of America (a tiny rental company) and Hertz Corp. and threatened to file lawsuits against several other car-rental companies who use the phrase "pick you up," claiming that "We'll pick you up" is Enterprise's slogan. While those suits were pending, Advantage Rent-a-Car counter-sued Enterprise, claiming that Advantage had used the phrase "We'll pick you up" long before Enterprise did. Enterprise argued in its lawsuits that the phrase means more than "We'll give you a ride"; it means "We'll pick up your spirits." Competitors said that there was no other way to say "We'll give you a ride." Enterprise Attorney Rudolph Telscher said that "We'll decide in the courtroom who is correct here".
In November 1995, Hormel Foods, the maker of the luncheon meat SPAM, sued Jim Henson Productions to stop the creator of the Muppets from calling a character in a new movie Spa'am, claiming that the character was unclean and grotesque and would call into question the purity and quality of its meats. A federal court rejected Hormel's claims, and Hormel also lost on appeal.
Mattel, Inc., the maker of Barbie, is waging an aggressive trademark war against unsanctioned use of the Barbie name, attacking the founders of the "Barbie Makes a Wish" weekend that raises money for critically ill children; artist Paul Hansen, sued for $1.2 billion for making $2,000 from the sale of his Exorcist Barbie, Tonya Harding Barbie, and Drag Queen Barbie; and Mike Grove, who distributes Sizzler toy cars to sick and dying children. Mattel made almost $4 billion in annual sales in 1996, but has filed copyright and trademark infringement suits against all three toy enthusiasts.
In November 1995, PepsiCo's Frito-Lay snacks division filed a lawsuit against Procter & Gamble over advertisements claiming that Procter & Gamble's Pringle's Right Crisps Potato chips are "more nutritious than Frito-Lay's Chips".
Coca-Cola, the producer of Minute Maid orange juice, sued Procter & Gamble charging that ads for Citrus Hill Select "falsely" claimed that the juice was made from the "heart" of the orange.
In 1989 Walt Disney Company used a lawsuit to force a public apology from the Academy of Motion Picture Arts and Sciences for an "unflattering" representation of Snow White in the opening sequence of the 1989 Academy Awards ceremony.
In 1980 the manufacturers of Haagen-Daz ice cream, in a suit against Frusen Gladje, tried to lay claim to the concept of premium ice cream with a "Scandinavian flair".
What can YOU do about protecting yourself from useless Tax & Lawsuits?
The answer is clear, starting a business in a tax haven country can protect you, save you large amounts of money, time, and heartache.
Tax Minimization
Asset Protection
Confidentiality
Privacy
Investment Diversification
International Trade
Estate Planning and much more.
Why Panama?
Selecting an offshore jurisdiction is an integral part of establishing an offshore structure or financial account. The jurisdiction that you choose should have at the very minimum, the following 10 characteristics:
A Full Fledged Tax Haven
Favorable Incorporation Laws
Stable Currency With No Currency Restriction
Strict Privacy Laws
Stable Government
Stable Economy
Excellent Banking
Excellent Communications System
Language Compatibility
Time Zone Compatibility & Close Location
After careful research, you will find Panama to be the ideal jurisdiction for your offshore needs. The Panama corporation law was promulgated over 70 years ago and has since been copied by many of the other tax haven nations such as Bahamas, St. Vincent, Bermuda, Belize, Isle of Man, etc.. Panama is one of the most popular places in the world to incorporate, with currently over 350,000 registered entities. Panama also offers the Panama Private Interest Foundation, which is one of the most useful asset protection and estate planning vehicles available today.
If you would like to have a free report on starting a Panamanian company and get a business bank account, please follow the link below.
Click Here