Planning Your Legacy And Protecting Future Generations The idea of legacy planning isn’t new. Families from the Rothschilds to the Duponts and the Kennedys have done it for a long time, and some European families have created plans that have maintained family wealth for centuries. The idea that those of us with less substantial assets might [...]
The Foreign Account Tax Compliance Act (FATCA) Despite the prosperity it has enjoyed under a free market, the United States in 2009 enacted legislation that many people view as the start of capital controls in America. That legislation is found hidden in a jobs’ bill, H.R. 2847 (also known as the HIRE Act), which became [...]
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 […]
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 […]
Posted by Kathleen Peddicord In Retirement0 comment
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 [...]
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 […]
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 [...]
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.