A reader wrote this week to tell me why he’s not on board with our recommendation of Colombia as a top lifestyle choice in the Americas. His beef is taxes. Someone told the guy that Colombia taxes anyone who is in the country for more than six months on his worldwide income… and, further, that
What You Must Know This 2021 Tax Season Tax season is in full swing. As I’ve alerted you, Americans have a reprieve this year. Tax Day 2021 has been postponed to May 17. That means you have more time both to file… and also to figure out how to make sure you’re not paying US$1 [...]
Take France as an example. People generally think that France is a super-high-tax jurisdiction. When you do the math, though, you find that an American living in France wouldn’t likely pay any more in taxes than he would living in the United States. First, France has a taxation treaty with the United States, effectively eliminating […]
The Key To Sizing Up Your Tax Burden When Shopping For A New Home Overseas I'm in the United States during election season for the first time in decades. In addition to electing the usual officials in Illinois where I'm staying, the state is holding a referendum to change the state constitution to allow for [...]
Estate planning is something everyone needs to think about even if all they intend to do is put a will in place designating what assets go to which heirs. Without a will in place, the deceased is considered intestate and their assets will be divided up based on the laws of the state where they […]
The World’s 7 Best Offshore Tax Havens Post-Pandemic The United States and Eritrea, a small African nation, are the only two countries in the world to tax citizens on their worldwide income no matter where they live. Other countries tax their citizens only when they reside or earn money in that country. The bottom-line practical [...]
Don't Invest In These Offshore Markets Before Reading This Something to consider when investing in another country are the requirements for repatriating your funds if and when you decide to sell the investment. Often, transferring money out of a country isn't as simple as calling your bank and initiating a wire of the funds. Some [...]
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 [...]
This Is Still One Of The World's Top Offshore Havens In addition to the Maya, you've got the Kriol people. The Kriol of Belize are descended from the British and Africans who settled much of the country's coastline in the 17th, 18th, and 19th centuries. They, like the Maya, continue to influence local politics, the [...]
Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.
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