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Tag: Tax

28 Jul
US Passport on the world map

Should You Renounce Your American Citizenship?

When Boris Johnson, soon-to-be former British Prime Minister, sold his London home in 2009, he didn’t pay any capital gains tax in the U.K. but was slapped unexpectedly with a U.S. tax bill. Boris is an “accidental American,” a person who has lived outside of the United States for the majority of his life but […]

21 Mar
Businessman removes wooden blocks with the word Tax

Comply And Conquer: How To Legally Minimize Your Tax Burden

We Americans have it rough when it comes to taxes. The Big Bad Wolf of the world’s financial arena—the IRS—calls our neck of the woods home. Feared worldwide these days… by banks and financial institutions as well as ordinary citizens from California to Switzerland… the U.S. Internal Revenue Service has become the hunting dog for […]

14 Feb
View of Panama Canal from cruise ship

How Panama Became A Great Economic Success Story

Is Panama 2022 A Buy? Why were Lief and I drawn to Panama in the first place, some 24 years ago? And why have we invested more in this country than anywhere else in the world? It's partly because Panama's is one the greatest economic success stories in the world. Massive Growth Has Been Due [...]
26 Jul
Cork City view from St. Patrick's Hill.

Could Ireland’s Status As A Tax Haven Be Ending?

I’m not sure how Ireland ended up the target. This country’s approach to taxation was the reason Kathleen and I moved to the Emerald Isle some 23 years ago. Now that tax position has her under fire… but, again, I can’t figure out why. Ireland imposes corporate tax at a rate of 12.5%. So does […]

27 Feb
tax bill for 2020

The Problems With Wealth Tax: Why It Just Doesn’t Work

What’s This About A U.S. Wealth Tax? It’s that time of year again… It’s tax season. Thankfully, no big changes for U.S. tax filers this year. However, one big potential tax change is being discussed among the Democratic presidential nominees—a wealth tax. Each presidential hopeful suggesting the United States begin taxing its “wealthy” has his [...]
05 Apr
Five Flags: Comparing Panama And Portugal

Five Flags: Comparing Panama And Portugal’s Citizenship, Residency, Real Estate, And Taxes

Americans tend to dismiss Europe for offshore lifestyle and investment options, thinking this part of the world is too complicated or too expensive. The truth is that some European countries can be cheaper than destinations that might much sooner come to mind for obtaining residency or investing in real estate. Portugal is one of them. […]