While some of the specifics are dated - this is the best book on the subject - bar none. It written by a real professional in the business - not book by a hot air promoter like the now indicted Terry Neals or the indicted Jermore Schinder that lie to their clients to get money.

Cornez tells it how it is for US residents.

Read, learn and don't listen to those who tell you what you want to hear - but just lead you in to trouble.

So when does he come out with the new edition?

Bob

Arnold Cornez is an attorney and an authority in the field with long experience working closely with and on the inside of offshore banks, trust companies, and other entities. He's the one I call first when I have an issue to discuss.

Arnold is one of the people I respect most in the field of international strategies and structures. An attorney with many years of experience, and working directly at the highest levels with foreign banks, trust companies, funds, and insurance companies, he's the one I call first to discuss an issue. I recommend the 'Offshore Money Book'.

First, the disk is useless. 80% of the references to internetsites are outdated. The other 20% are of questioinable nature (pureself-promoting advertising sites). Second, the author spend 30% of the book trying to convince the reader (which he patronizingly refers to as the Reluctant American) that it is worth-while to look off-shore for asset protection and tax avoidance structures. I expect most people buying this book would already be interested in the actual mechanisms of holding assets offshore, and would not need additional pushing. Third, the book does not offer any simple and structured explanations of the archaic schemes Arnold illustrates. Key issues such as tax planning questions are given with out reference or citation, while the footnotes are littered with irrelevant comments about stock prices and historical events.

This book is only for reader who need to be coerced into into simply travelling abroad, not for those that are looking for guidelines and contacts on how to keep money offshore. Better books (like Tax Havens of the World, or 2000 International Tax Havens Guide : The Professional's Source for Offshore Investment Information). You pay for what you get however, ast this book is inexpensive compared to the books that really add value.

After spending 2 years in Costa Rica and learning much about investing offshore and what not to do, I read every (affordable) book I could get my hands on (Offshore Money Havens, Tax Haven Roadmap, Tax Havens (Barber and Ginsberg), Behind Closed Doors, Take Your Money and Run, etc.). The Offshore Money Book was the most up-to-date with clear examples and Arnie tells is like it is. So many books are either come ons to sell offshore services or down right illegal and could get the neophyte offshore investor in serious trouble