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  1. #18831
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    I observed, on the other forum, that Colin Powell and a deligation arrived in Kuwait on Sunday. Think that might be related?

    UOTE=Adster;127865] Speaking to KUNA, Spokesman for the UN Assistance Mission for Iraq (UNAMI) Said Ariakt explained "This meeting seeks to reintegrate Iraq into the international community and into the neighborhood," adding "It is very logical that it does take place in Kuwait" because it has have much deeply rooted history with Iraq.

    The compact's fifth and final preparatory meeting would take place in Kuwait on Tuesday.



    Tomorrow's meeting would be the final step to formally launch the compact by the end of 2006 and all sides have insisted on devising practical steps for implementation, he noted.






    This says it all !!!

    http://www.kuna.net.kw/home/story.a...=en&DSNO=917005


    [/QUOTE]

  2. #18832
    Senior Investor MOM2TWO's Avatar
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    Quote Originally Posted by Vipor View Post
    Thanks wulf. I was not aware there was a dependence on state of residence. So, what would the rate by for the Lone Star state (if you don't mind me asking)?
    I would love that info as well!!

  3. #18833
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    Quote Originally Posted by Vipor View Post
    Thanks wulf. I was not aware there was a dependence on state of residence. So, what would the rate by for the Lone Star state (if you don't mind me asking)?

    What is with all the stress in here this afternoon????


    The GREAT state of TEXAS has no state tax....

  4. #18834
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    If you live in a state with state taxes can you open a bank account in a state without state taxes? (Nev, Florida...). I live in Cali and would go to Nev to open a bank account to save 8.5% in state taxes. OR I could always go offshore and avoid the whole thing. Mrvgs.

  5. #18835
    Senior Member Cyberkhan's Avatar
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    Quote Originally Posted by Vipor View Post
    Thanks wulf. I was not aware there was a dependence on state of residence. So, what would the rate be for the Lone Star state (if you don't mind me asking)?

    Texas is one of those great states that has no state tax. If you hold for over a year then you are only hit with 15%LTCG and the banks spread.

  6. #18836
    Senior Member Cyberkhan's Avatar
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    Quote Originally Posted by mrvgs View Post
    If you live in a state with state taxes can you open a bank account in a state without state taxes? (Nev, Florida...). I live in Cali and would go to Nev to open a bank account to save 8.5% in state taxes. OR I could always go offshore and avoid the whole thing. Mrvgs.
    You have to claim residency in that state for a full year before you are able to reap the benefits of a tax free state.

    Don't even think about skipping offshore. The DHS has overseas accounts under watch. Just pay the LTCG and go on your merry way.

  7. #18837
    Investor Vipor's Avatar
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    Quote Originally Posted by blackwulf View Post
    This has been suggested in the tax thread: Tax Accountant!

    Luck for me my gal is cpa(had her do my dirty work). Anywho, (for my US folks) that 15% and 35% is the max...It all depends on your state of residence. For example, in my state lcg is 4.75% (yes, I've got a couple of mil just chill'n to be cashed in )
    Wulf, did you mean to refer to LTCG here? Perhaps a typo.

  8. #18838
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    Question I don't think so.............

    Quote Originally Posted by mrvgs View Post
    If you live in a state with state taxes can you open a bank account in a state without state taxes? (Nev, Florida...). I live in Cali and would go to Nev to open a bank account to save 8.5% in state taxes. OR I could always go offshore and avoid the whole thing. Mrvgs.
    I would imagine you have to at least establish residency! OK I heard NV is one of shortest to set up residency. Which is 10 days, unlike FL which is 1 year! Dose anyone know about WY?


  9. #18839
    Can read but not post. motomachi's Avatar
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    Exclamation Going to get wild and stormy before the calm!

    .:: Peyamner Daily NEWS::.
    (More news from today and yesterday at this Kurdistan site; they gather all news!)

    National _ Kurdistan: No more non-Kurdish students in Sulaymaniyah schools
    [15:29 , 30 Oct 2006]
    PNA-- Schools in the Iraqi Kurdish province of Sulaimaniyah will not be taking any more non-Kurd students of the displaced Iraqi families.

    National _ Another Declaration of Independence?
    [15:29 , 30 Oct 2006]
    PNA-For many years now, I have been asking myself and especially political figures, why is it that 5.1 million stateless Palestinian Arabs deserve statehood, while 29,360,000 stateless Kurds have been denied the same privilege?

    National _ A Kurdish TV presenter and driver killed in Baghdad
    [15:29 , 30 Oct 2006]
    PNA --An Iraqi state television presenter and her driver were found dead in Baghdad yesterday, a day after they were abducted by unknown gunmen.

    National _ 3,800 Kurds from Kurdistan to have Hajj wish fulfilled this year
    [15:29 , 30 Oct 2006]
    PNA-3,800 Kurds from Kurdistan Region of Iraq, out of 71,000 applicants will perform Hajj duty in this year.

    National _ Saddam's trial farce stumbles to climax
    [15:29 , 30 Oct 2006]
    PNA-Saddam Hussein is in the dock, beard neatly trimmed, wearing a dark and well-cut suit with a burgundy handkerchief poking out of one pocket.

    Iraq _ Gunmen kill 17 Iraqi police trainers
    [15:27 , 30 Oct 2006]
    PNA- Gunmen killed 17 Iraqi police instructors and two translators as they travelled home from work at a British-run training school near the southern Iraqi city of Basra, a senior Iraqi officer told AFP.

    Iraq _ Missing soldier married Iraqi
    [15:04 , 30 Oct 2006]
    PNA- A U.S. Army translator missing after being kidnapped in Iraq had broken military rules to marry an Iraqi woman and was visiting her when he was abducted, according to people who claim to be relatives of the wife.

    Iraq _ Marine killed in Iraq's Anbar province
    [15:04 , 30 Oct 2006]
    PNA - A U.S. Marine was killed in fighting in Iraq's restive Anbar province, the military reported Monday, raising the death toll among U.S. service members this month to 100.

    Iraq _ Sunni activist professor killed in Iraq
    [15:04 , 30 Oct 2006]
    PNA- A leading Iraqi academic and prominent hardline Sunni political activist was fatally shot by three gunmen Monday as he was leaving his Baghdad home, police said.

    Iraq _ Iraq to ask U.N. to extend foreign troop mandate
    [15:04 , 30 Oct 2006]
    PNA - Iraq plans to ask the United Nations Security Council to extend the mandate governing the presence of U.S.-led forces in Iraq for another year, Foreign Minister Hoshiyar Zebari said on Monday.

    Iraq _ British consulate in Iraq evacuates staff after attacks
    [15:04 , 30 Oct 2006]
    PNA - Most of the staff at the British consulate in the southern Iraqi city of Basra will be evacuated early this week due to safety concerns.

    Iraq _ Weapons to Iraqis can't be accounted for
    [15:03 , 30 Oct 2006]
    PNA- Thousands of weapons the United States has provided Iraqi security forces cannot be accounted for and spare parts and repair manuals are unavailable for many others, a new report to Congress says.

    Iraq _ Saddam defence team clash with judge, leave court
    [15:01 , 30 Oct 2006]
    PNA- Defence lawyers for ousted Iraqi leader Saddam Hussein have returned to court to present a list of conditions for ending their boycott of his genocide trial but left after they were rebuffed.

    Iraq _ Bomb rips through Shiite slum, kills 31
    [15:01 , 30 Oct 2006]
    PNA- A bomb tore through food stalls and kiosks in a sprawling Shiite slum Monday, killing at least 31 people, while the U.S. military announced the death of the 100th servicemember in Iraq this month.

    (If this Investment does not RV by
    the end of the month, we start into my second birth month!
    Going to have a good time, up in Heaven! )

  10. #18840
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    Quote Originally Posted by goldraker View Post
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    UN officials explain aims of Int''l Compact with Iraq

    ECO-KUWAIT-IRAQ-ICI
    UN official explains aims of Int'l Compact with Iraq

    By Mohammad Al-Enezi and Ali Al-Hamad (with photos) KUWAIT, Oct 30 (KUNA) -- The preparatory meetings of the International Compact with Iraq (ICI) were aimed at reintegrating this nation into the international community and Arab World, said a UN official on Monday.

    The compact's fifth and final preparatory meeting would take place in Kuwait on Tuesday.

    Speaking to KUNA, Spokesman for the UN Assistance Mission for Iraq (UNAMI) Said Ariakt explained "This meeting seeks to reintegrate Iraq into the international community and into the neighborhood," adding "It is very logical that it does take place in Kuwait" because it has have much deeply rooted history with Iraq.

    He said as an agreement, ICI would serve as a partnership between the international community and Iraq that would commit "itself to good governance, introducing good security forces, provide its public with the services they need and Iraq's future can be bright. They really have to overcome the present adversity." He noted that the nature of assistance that would be extended to Iraq would be different from other developing nations because "it is rich in resources, rich in oil, rich in its human resources. There is a group of Iraqi society that is well equipped, skilled labor and well educated to handle the elements Iraq's people require." "So in that sense, investing in Iraq is a good measure. A good measure by the international community and it is a good measure by neighboring countries, " he added.

    While saying tomorrow's meeting was part of preliminary steps, he believed that ICI's actual "launching will see to it that these steps can actually be measurable in the real sense because it is in the best interest of the region and world community that Iraq is back on its feet." He said Iraq would receive economic and financial aid to achieve stability, but if the situation worsens, Iraq's problems might spill to neighboring nations and that would not serve the region.
    As for coordination between the ICI's members, he said involved nations have formed a committee assigned with handling technical aspects under the UN auspices.

    He noted that the meeting would not discuss Iraq's debt to other nations, and some countries, such as Kuwait, have displayed some goodwill in this regard, noting that it was in Kuwait's interest to lower these debts without selling itself short.

    Tomorrow's meeting would be the final step to formally launch the compact by the end of 2006 and all sides have insisted on devising practical steps for implementation, he noted.The UN was dealing with all Iraqi factions and has presented political, humanitarian, medical and reconstruction aid, he added.

    As for the amount of aid that would be extended to Iraq, he said such a matter would be determined by the Iraqi government, UN and technical teams.

    Regarding ICI's five-year mandate from 2006-2011, he said "It might take less or more and so on. But I think a five-year period is a very realistic timetable," noting that the compact's strategy was aimed at focisung funds on practical steps without getting carried away with mechanics.

    ICI's preparatory group included the UN, US, UK, United Arab Emirates (UAE), Kuwait, World Bank, International Monetary Fund (IMF), European Union (EU), Arab development funds, Islamic Development Bank (IDB), France, Germany, Italy, Japan, Saudi Arabia, South Korea and Spain. (end) mge.


    Okay, without seeming too excited (too late) could we possibly see a reval in the next day or two....???

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