Switzerland Threatens Tax Cheats Using ‘Wrappers’ (Update1) – Bloomberg.com
When a client buys a wrapper, the beneficial ownership of the assets is transferred to the insurer while the funds often remain on the balance sheet of private banks. Insurers invest the premiums through advisers and clients receive benefits tied to the performance of the underlying investment. Taxes are minimized or deferred because life insurance policies are classified as non-income producing assets.
New adversary in U.S. drug war: Contract killers for Mexican cartels – washingtonpost.com
A cross-border drug gang born in the prison cells of Texas has evolved into a sophisticated paramilitary killing machine that U.S. and Mexican officials suspect is responsible for thousands of assassinations here, including the recent ambush and slaying of three people linked to the U.S. consulate.
The heavily tattooed Barrio Azteca gang members have long operated across the border in El Paso, dealing drugs and stealing cars. But in Ciudad Juarez, the organization now specializes in contract killing for the Juarez drug cartel. According to U.S. law enforcement officers, it may have been involved in as many as half of the 2,660 killings in the city in the past year.
The special agent in charge of the Drug Enforcement Administration (DEA) in El Paso, Joseph Arabit, said, “Our intelligence indicates that they kill frequently for a hundred dollars.“
I’ll be in San Antonio for the annual AHOU meeting.
I’m looking forward to seeing how the city has changed since my last visit.
Who’s creating US jobs? Mexicans. / The Christian Science Monitor – CSMonitor.com
“In fiscal year 2008, the US issued E-1 and E-2 visas to 1901 Mexicans and their families, nearly three times the level of a decade before. “
Where are all of these Mexican immigrant investors going? San Antonio!
BBC News – Alarm at Mumbai’s teenage suicide trend
More than 100,000 people commit suicide in India every year and three people a day take their own lives in Mumbai.
Suicide is one of the top three causes of death among those aged between 15 and 35 years and has a devastating psychological, social and financial impact on families and friends.
Did US law spur Mexico’s meth sales? | csmonitor.com
The law of unintended consequences can be defined as unanticipated or unintended effects from a certain action. In other words, you do something and something else happens that is totally unexpected.
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