Welcome to Offshore Living Letter, Your #1 Resource for Offshore Diversification

Category: Taxes

14 Jun

Repatriating Funds From Overseas: Transfers, Taxes, And More

One thing to consider when buying real estate in another country is to do with the requirements for repatriating your funds if and when you decide to sell the property. Often, transferring money out of a country isn’t as simple as calling your bank and initiating a wire of the funds. Some jurisdictions, including Colombia […]

07 Jun
A view of downtown Panama City at sunset

Take Your Business Offshore To Operate Tax-Free

How To Operate Your Business Tax-Free The key advantage of going offshore is diversification. The good news is that you have the opportunity to diversify not only your investments in this way, but your life, too—both your personal life and your professional one. That is, in today's world, you can realize many benefits by taking [...]
23 Apr
hand holding a pencil which has written the word tax in capital letters on a piece of paper

There Are Many Reasons For Going Offshore, Taxes Aren’t One

Last week was the end of the official tax season for Americans. We all got an extra day this year because the IRS’s online system crashed in the 11th hour. Too much traffic in the final hours leading up to the midnight deadline. Seems more and more people wait until the last minute to file.

22 Mar
The Donald Posing with a bill which he has recently signed in the white house

How Trump’s Tax Changes Impact Americans Offshore

Trump threw us Americans with businesses overseas a curveball in December. His tax changes eliminated the deferred-tax status for U.S.-controlled foreign corporations. That opportunity to defer U.S. tax made it possible for Americans with small businesses overseas to build their businesses faster. Now what? All my global tax-expert friends and colleagues have spent the past […]

05 Mar
Donald Trump Signing A Bill In Front Of A Window. The View Outside Is Of Green Trees, Trump Is Sitting At A Wooden Table And Not Wearing A Tie

What Trump’s New Tax Bill Means For Your Offshore Business

Thanks, Trump Expats were hoping for better from the tax bill that Trump signed back in November. Rumors were bandied about that he might, for example, eliminate the worldwide taxation based on citizenship that we Americans abroad are saddled with. In fact, had he done that (he did not), it would not have made much [...]
07 Dec
EU Blacklist Countries 2

EU Blacklists 17 Tax Havens, Another 47 On Gray List

The EU has this week released a short list of 17 countries it is officially putting on notice because of their taxation policies. Panama is on that list. So is South Korea… as well as the U.S. territories of American Samoa and Guam. In addition to this so-called blacklist, the EU has also named 47 […]

02 Nov
Enjoying A Drink and learning about taxes

Ten Women Walk Into A Bar… And Learn About U.S. Taxes

Anticipation continues to build for details of the promised U.S. tax reform measures. House Republicans delayed release of the specifics yesterday and promised to share them today. I’ll have my thoughts on what, if any, effects the proposed changes will have on Americans living, investing, and doing business offshore as soon as any real information […]

26 Oct
Will Congress Eliminate Worldwide Taxation Of U.S. Citizens?

Will Congress Eliminate Worldwide Taxation Of U.S. Citizens?

Talk about potentially eliminating the worldwide taxation of U.S. citizens is getting some expats excited. In theory… if the proposed change were approved… that would put U.S. citizens on par with citizens of every other country in the world except Eritrea, the only other country that also taxes citizens on worldwide income no matter where […]

09 Oct
taxation

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, financial institutions, and ordinary citizens from California to Switzerland… the U.S. Internal Revenue Service has become the hunting dog for politicians unable to […]