Want to know why and how the wealthy former Dupont Nemours and Roosevelt families were able to purchase 4,000 acres of waterfront property on the island of Provinciales in the duty-free crown colony (or “Overseas Territory”) of the Turks Islands? and Caicos for 1 hundred year acre?

This 4,000-acre sale (now a marina and resort town, with an airport for jumbo jets ($50,000,000 airport was donated by the UK government) closed in the 1970s, not the 1970s? from 1870?!?

Source: A full page advertisement from the Government of Turks & Caicos 3 in Investor’s Daily (1985).

Was this the most profitable real estate investment of the 20th century? A quarter-acre lot in the gated community of Sandyport here in Nassau, Bahamas is selling today for approximately $260,000. Half-acre canal lots on Lyford Cay are selling for around a million dollars.

Do the math. With an initial investment of just $40, the 4,000-acre property could be worth nearly $4 BILLION today.

YOU BE THE JUDGE…. Is the use of the world’s tax havens a blessing or a detriment? Before you answer, check out some of the IRS loopholes in our “Tax Code” – uncovered for viewing below and hidden within the tax law for taxpayers! There is a very important loophole for the non-resident alien that you must not overlook!

The Turks and Caicos Islands

Located 575 miles southeast of Miami, Florida, in the warm aquamarine waters of the Caribbean Sea, the Turks and Caicos Islands (“TCI”) offer an unmatched quality of life with all the necessary ingredients: a strong economy and government, and stable, a central location, convenient international air transportation, modern healthcare facilities, a low crime rate, friendly people, and beautiful beaches. TCI is also a well-known and respected offshore financial center offering a wide range of well-regulated financial services, from private banking to company and trust formation and management.

The Turks and Caicos Islands are an archipelago of more than 40 islands that form the southeastern end of the Bahamas chain. There are two main groups, each surrounded by a continuous coral reef. Caicos is the largest group and includes Providenciales, Middle (or Grand) Caicos, and the islands of North, South, East, and West Caicos, plus numerous smaller cays, some of which are inhabited. Separated by a 22-mile (35 km) wide channel of water, the Turks group consists of Grand Turk, Salt Cay, and a series of smaller, uninhabited cays.

Each of the islands is a vacationer’s paradise with some of the best diving in the world just minutes offshore, particularly on the islands of Grand Turk, Salt Cay and South Caicos. The islands benefit from an ideal tropical climate (an average annual temperature of 80 degrees F) and endless miles of sandy beaches.

In recent years, TCI has been one of the fastest growing economies in the Caribbean and is quickly becoming recognized as a premier dive/tourism destination where visitors and residents alike can enjoy a unique quality of life.

The islands were part of the Jamaican colony of the United Kingdom until 1962, when they assumed the status of a separate crown colony upon Jamaican independence. The Governor of the Bahamas oversaw affairs from 1965 to 1973. With the independence of the Bahamas, the islands received an independent governor in 1973. Although independence was agreed for 1982, the policy was reversed and the islands remain a British territory of overseas.2

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