RE:This talk of tax made me wonder...
Pianoman, it is my understanding, from my research I have done on "Aura", that the BVI do not allow information to wander outside of their territory. That is why persons invest through the many, and I mean many...something close to 300 invesment firms, based out of the BVI, so they can not be monitored on gains. So in theory, they would not need to prove Capital Loss if they arent proving any gains. This new tax law is weird... I mean, it might work for those investing through some of the central banks of Ecuador but anyone with enough money to travel to the BVI will likely not be investing through firms in Ecuador. In Canada, we get slips from RBC, ITRADE etc... the BVI likely wouldnt keep paper trail records for Clientel. On the flip side, I wouldnt want to chance it and get caught by Correa's men. Libel against Correa can net you 6 months in prison... I cant imagin laudring millions worth of Capital Gains through the BVI and getting caught. ughhh...