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Category: Taxes

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 […]

17 May
View of a boat house on the famous Lake Braies with emerald water in Italy

Don’t Buy Real Estate Overseas Until You Understand These Taxes

Before making an investment in real estate overseas, it’s important to understand what the total cost of the purchase will be, both immediately and long term, including your tax obligation. Transfer taxes, for example, can be considerably higher than in the United States. On the other hand, one big benefit of diversifying into property markets […]

06 May
Sunrise on Lamai Beach on Koh Samui in Thailand.

Taxes For The Global Citizen

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

15 Oct
Accountant calculating taxes.

How To Figure How Much Local Tax You’ll Owe As A Resident Of A Foreign Country

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 […]

07 Sep
Signing Last Will and Testament

Why You Should Start Estate Planning Now

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 […]

15 Jun
clock ringing with tax time logo next to it

A Guide To Tax Obligations For U.S. Citizens Living Overseas

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 [...]
16 Apr
money

Repatriating Funds From Overseas: Transfers, Taxes, And More

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 [...]