If we observe the niceties, it's all very legal under the current US banking and tax codes. As part of First National's stock repurchase, the bank repurchases some of your stock and pays you only your basis, thus no tax gain for you on the repurchase. First National will finance the stock repurchase with funds loaned from your San Marino account. That converts most of your First National stock from Alabama held stock to foreign bonds, a wash for you, but you have the bonds that will make the interest payment tax deductible to First National and tax free interest payments to your San Marino account. You don't control the trust, so it stays legal for you. I have the power of trustee appointment for your account, and you have it for mine. We pay one point to the San Marino bank as a transaction fee. Additionally, there is another treaty that encourages Caribbean investment in high tech startups, and Wallingford has found ways to use that treaty to move off-shore funds for stock. It was Caroline. She was dressed in a black formal gown that sparkled like diamonds from the sequins. The dress truly enhanced her figure. Her auburn hair was piled high upon her head with a few loose curls to accent her face. Around her neck she wore a string of beads that reached her breasts, which were modestly exposed. Jack had seen Caroline many times dressed for such occasions but she never looked this gorgeous. ‘Aren’t you going to say anything,’ she laughed. She moved effortlessly to him. She reached up and straightened his tie. As he looked into her face, he could smell her perfume. ‘Jack, be a dear and check my back. I believe a hook has come undone.’ She turned and Jack could see her smooth, flawless skin of her back. He found the hook but it took him a few tries to rehook it. His hands trembled as he tried to avoid running them on her. ‘There.’ Turning back around, Caroline kissed his cheek. Offering him her arm she said, ‘Jack, let’s go meet our guest.’ The dinner was a.
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