Globaleye.com

I have just received a letter from my Offshore Bank telling me that the terms and conditions are about to change. Normally I would ignore notes from my Bank like this; however, this one is different. And if you have an Offshore Bank account you too will or maybe have already received a letter not dissimilar to mine (perhaps you threw it in the bin like I normally do!). The EU Savings Directive is here to stay and comes into effect at the end of this month. Having been postponed until July this year, it will have far reaching issues for many EU citizens ... is that you or could it be you shortly? If you are not sure how this could affect you, what the Banks are now saying and the ways around it (legally) then

This Directive (Council Directive 2003/48/EC) is another measure by EU Tax authorities to tap into the billions of €,£,$ held in offshore bank accounts that remain in the borders of the EU. Places like Switzerland, Channel Islands and the Isle of Man, all traditional confidential offshore centres, will be forced to do one of two things:-

1. Tell your tax man what you have saved!
2. Levy 15-35% withholding tax on the account.

This is basically what all the Offshore Banks are telling their depositors regardless of whether they are in the EU or not. All is not doom and gloom and there is a way around this. Gone are the days when returning expatriates just left monies offshore and hoped the tax man would not find out. Certain investments and structures remain outside the scope of this new directive and we can ensure you are prepared should you be returning to the EU. This new law is only applicable to residents in the EU which you may not be at present but could be in future. Ensure you plan effectively and leave things to the last minute so contact us today for an appraisal and let us show you how to effectively shield your assets and more importantly your savings from the prying hands of the tax man - legally! Call toll free 8004558 or