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At my Global Asset Protection and Wealth Summit in Panama City last week, the single most frequently asked question was this: “What can I do to make my passive income qualify for the Foreign Earned Income Exclusion… so I don’t have to pay tax on it?” The answer is: Nothing. There’s nothing an American can […]
The tax questions are coming in fast and furious from U.S. readers as they and their tax-preparers pull together 2014 tax returns (due April 15 unless you are residing overseas or file for an extension). Some of the bad advice readers are getting from their tax “pros” would be funny if it weren’t so expensive. […]
Lots of people in the offshore world are talking about China finally enforcing its global taxation rules, which call for Chinese citizens abroad to be taxed in China. For years, I and other offshore editors have shamed the United States by making the point that it is the only country other than Eritrea that taxes […]
Some poor, uninformed soul wrote this email in response to the promotion we’ve published for the Wealth Summit I’m hosting in Belize next month: “Really, what you’re talking about is a plan to cheat our country out of the tax dollars it deserves for personal gain. Some strategy… “Oh, it may be legal, but evading […]
At last week’s Offshore Summit in Panama, one theme that came up in many of the presentations was professional competence. The context was everything from immigration professionals for establishing foreign residency and obtaining a second citizenship to tax professionals to help U.S. persons take advantage of the Foreign Earned Income Exclusion and attorneys to set up structures […]
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.
