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Monaco Report: The Advantages of Monaco as a Tax Haven

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48 pages, Leather Bound

Published July 1, 1988

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About the author

W.G. Hill

47 books13 followers
To Predict the Future – You Have to Know the Past!
About the Author

YOU WON'T FIND W.G. Hill ON ANY BESTSELLER LISTS, BUT IT'S HARD TO FIND A MILLIONAIRE WHO HASN'T READ MOST OF HIS $100 "SPECIAL REPORTS."

Dr. W.G. Hill is the father of the PT concept. Hill is a former American citizen, entrepreneur, self-made millionaire, author, and inveterate traveler, was influenced by the concepts of Harry Schultz. He had found a winning formula on which to base his future. In 1979, after years of living a PT lifestyle and fine-tuning many new ideas, In 1985, Hill wrote the first definitive book on the subject, entitled "PT." This valuable work discusses the essence of the philosophy and is definitely recommended reading for Anyone who aspires to a free and uncompromising way of life.

Hill's Low Profile -- The name W.G. Hill isn't bandied around much in the book-publishing world. No literary society has ever discussed any of the two dozen or so volumes this author has produced. But over the last forty years, in the world of bankers, accountants, high net worth investors, and financiers with offshore interests, Hill has been a seminal influence.

His most famous book is PT, or "Perpetual Traveller." Though this title might convey the idea that it's a book about traveling, it isn't. The subject is how wealthy people can - with proper paperwork - enjoy life more. Its "How to have a good time with your money, but at the same time avoid unwelcome attention that conspicuous consumption and high profile wealth always bring." These negatives include the unwelcome intrusions of tax collectors, insurance salesman, contingent fee plaintiff's lawyers, alimony seeking ex-wives, kidnappers, burglars. Not to mention every description of con-man.

Do these matters concern millionaires? Judging from Hill's book sales, they do, indeed. One of his early fans was the newsletter guru, Sir Harry Schultz, who must have made enough beforehand or sold enough books to live well.
(In 1964, Harry D. Schultz - the world's highest-paid financial consultant, according to "Guinness Book of World Records.")

Sir Harry writes in PT, "I spent my first few years as a tax exile at the Monte Carlo Beach Hotel, interacting with hard-bodied, high maintenance cost divorced women who in their topless bikinis populated Riviera pool sides like motes in the sunshine."

Hill's books always offered his personal services to assist any reader in accomplishing the goals set out. For instance, his 1975 Lloyd's Report promised the reader would "make serious money without any investment, work or risk." This was two decades before many Lloyd's names did, in fact, suffer substantial losses. But Hill wrote later, "If people handled their Lloyd's relationships as I suggested (with stop-loss insurance), they came out way ahead." Hill charged a hefty fee to introduce new names and get them into Lloyd's as insurance underwriters.

Eventually, around 1985, Hill's maneuvers were picked up and, after that, published by Nicholas Pine. Pine was then operating as Milestone Press of Plymouth, England. He was a minor publisher of books for collectors of ceramics. Their typical press run in the pre-Hill days was a thousand copies. With Hill's books for millionaires soon selling like hotcakes, Milestone hit pay dirt. Pine changed his company's name to Scope International.

An ex-employee revealed that at the time he quit, sales of well over 100,000 copies of each Hill book would have been "a low ballpark figure." With ten books being major sellers and a direct mail price of £60 / $100 per book, that means that gross sales of Hill's books passed the 100 million dollar mark some years ago. As marketers who sell direct via advertising and junk-mail, that means most revenues go directly to the bottom line. Although book sales figures are not available to the public (through bookstores), this could mean that little known Scope, by publishing the works of a mystery man who disappeared ye

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