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Need to know why and the way the previous monied Dupont Nemours and Roosevelt households had been in a position to purchase 4,000 acres of waterfront property on the island of Provindentcials within the tax free, crown colony (or “Abroad Territory”) of the Turk and Caicos Islands for 1 cent an acre?
This 4,000 acre sale (now a marina and resort city – with an airport for jumbo jets (the $50,000,000 airport was donated by the UK authorities) went down within the 1970’s – not the 1870’s!?!?
Supply: A Turks & Caicos Authorities 3 full web page commercial in Investor’s Every day (1985).
Was this essentially the most worthwhile actual property funding of the twentieth century? 1 / 4 acre lot within the gated neighborhood of Sandyport right here in Nassau, Bahamas sells for about $260,000 immediately. Half acre canal tons in Lyford Cay promote for about a million {dollars}.
Do the maths. On an preliminary funding of simply $40, the 4,000 acre property may be value nearly 4 BILLION {dollars} immediately.
YOU BE THE JUDGE…. Are using the world’s tax havens a blessing or a detriment? Earlier than you reply, see a few of the IRS’s loopholes from our “Tax Code” – found in your viewing beneath, and buried contained in the tax legislation for the taxpayers! There’s an important loophole for the non-resident alien you shouldn’t overlook!
The Turks & Caicos Islands
Located 575 miles south east of Miami, Florida within the heat aquamarine waters of the Caribbean Sea, the Turks & Caicos Islands (“TCI”) supply an unequalled high quality of life with all the mandatory components: a sound and steady economic system and authorities, a central location, handy worldwide air transportation, trendy well being care services, a low crime charge, pleasant folks and delightful seashores. TCI can also be a effectively acknowledged and revered offshore monetary heart providing a broad vary of effectively regulated monetary providers from personal banking to firm and belief formation and administration.
The Turks & Caicos Islands are an archipelago of greater than 40 islands forming the southeastern finish of the Bahamas chain. There are two principal teams, every surrounded by a steady coral reef. Caicos is the bigger group and consists of Providenciales, Center (or Grand) Caicos, and the islands of North, South, East and West Caicos, plus quite a few small cays, a few of that are inhabited. The Turks group, separated by a 35km-wide (22-mile) channel of water, consists of Grand Turk, Salt Cay and numerous small uninhabited cays.
The islands are every a vacationers paradise with a few of the most interesting diving on the planet minutes from shore, notably on the islands of Grand Turk, Salt Cay and South Caicos. The islands profit from a super tropical local weather (a median annual temperature 80 F levels) and limitless miles of sandy seashores.
TCI has in recent times been one of many quickest rising economies within the Caribbean and is quickly changing into acknowledged as a premier vacationer/dive vacation spot the place guests and residents alike can take pleasure in a singular high quality of life.
The islands had been a part of the UK’s Jamaican colony till 1962, after they assumed the standing of a separate crown colony upon Jamaica’s independence. The governor of The Bahamas oversaw affairs from 1965 to 1973. With Bahamian independence, the islands obtained a separate governor in 1973. Though independence was agreed upon for 1982, the coverage was reversed and the islands stay a British abroad territory.2
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Source by Thomas Azzara