Gold: It’s Time to Buy

Gold: It’s Time to Buy

I’m what people call a “contrarian” investor. I tend to buy assets that are out of favor with the chattering classes and the talking heads on television.

 
“You? A Tax Evader?”

“You? A Tax Evader?”

It’s no secret that governments worldwide are broke. One country after another is cutting social benefits and taking other measures to reduce government spending.

 
Congress’s Plans to Lock You in

Congress’s Plans to Lock You in

Freedom to travel is a fundamental and internationally recognized human right. Article 13 of the Universal Declaration of Human Rights (UDHR) states:

 
The Beginning of the End for the Euro

The Beginning of the End for the Euro

A little over two decades ago, the elites of Europe met in Maastricht, the Netherlands, to realize a long-held dream. It was to create a common currency that could be used throughout Europe, and possibly, the world.

 
Are You Ready for the e-PATRIOT Act?

Are You Ready for the e-PATRIOT Act?

Earlier this month, news emerged that the US government had suffered its worst cyberattack ever. On June 4, the Office of Personnel Management (OPM) revealed that hackers had penetrated its networks, possibly for many months.

 
1000s Of American Jobs Could Be Lost If This…

1000s Of American Jobs Could Be Lost If This…

Leave it to bureaucrats to decide that while some competition is good, too much is bad. In a nutshell, that’s what the Organisation for Economic Co-operation and Development’s (OECD) ongoing campaign against lower taxes is all about.

 
Make Sure You File This Form by June 30

Make Sure You File This Form by June 30

Back in 1970, Congress enacted a law that became known as the Bank Secrecy Act, or BSA. But like the PATRIOT Act, the USA Freedom Act, and many other opaquely named laws Congress enacts, the BSA had nothing to do with encouraging bank secrecy.

 
Famous politician gets caught in his own web

Famous politician gets caught in his own web

Talk about a comeuppance. Former Speaker of the House of Representatives Dennis Hastert, who helped force through Congress stricter laws against anonymous cash transactions, now faces financial ruin – and an extended jail sentence – thanks to the very same laws.

 
Expats, Pensions & Taxes – Oh My!

Expats, Pensions & Taxes – Oh My!

Recently, I received a message from a client in Mexico. After years of suffering the indignities that US citizens living abroad experience, courtesy of Congress and the IRS, he’s now considering expatriation – giving up his US citizenship and passport.

 
This 2nd Passport Just “Doubled” in Value

This 2nd Passport Just “Doubled” in Value

Dual citizenship, coupled with a second passport, holds numerous benefits. It can: Expand your travel and investment possibilities; Give you the right to reside in another country or countries; and

 
Even if Congress Repeals the PATRIOT Act, You’ll Still Have Zero Electronic Privacy

Even if Congress Repeals the PATRIOT Act, You’ll Still Have Zero Electronic Privacy

I got a good laugh earlier this month when a federal appeals court ruled that the National Security Agency (NSA) could no longer collect the phone records of all US persons – and then store them in a massive database.

 
Don’t Panic! The Hitchhiker’s Guide To Offshore Freedom

Don’t Panic! The Hitchhiker’s Guide To Offshore Freedom

I’m a die-hard science fiction fan, and one of my all-time favorites in this genre is Douglas Adams’ superb The Hitchhiker’s Guide to the Galaxy.

 
Will Central Banks Abolish Cash?

Will Central Banks Abolish Cash?

Cash has never been a popular asset with the totalitarian set. It’s difficult, if not impossible, to trace. Cash makes it possible to do business “off the books.”

 
The Raisin Administrative Committee Strikes Back!

The Raisin Administrative Committee Strikes Back!

With an annual budget now approaching $4 trillion, it’s not surprising that the US government has quite a few departments that most of us know nothing about.

 
With This Offer, You Better Hope You’re Lucky

With This Offer, You Better Hope You’re Lucky

Almost everyone can benefit by having a second citizenship and passport. The biggest advantage is that it gives you a way to travel internationally if you lose your primary passport or if your government seizes it.

 
Puerto Rico Tax Incentive

Tax Heavyweight Says Congress Should End Puerto Rico Tax Incentive

One of the most important services that I think I provide our consulting clients is to say “no” to some of their harebrained ideas. Over the last year or so, the scheme that I’ve said “no” to more than anything else involves Puerto Rico.

 
Boots on the Ground in Nevis

Boots on the Ground in Nevis

I just got back to the US from 10 days in Nevis (the smaller island in the Federation of St. Kitts & Nevis). The purpose of my visit was to put together the infrastructure to service clients through Fortress Trust Ltd.

 
Why Janet Yellen Should Start Smoking Cigars

Why Janet Yellen Should Start Smoking Cigars

Every three months, the mainstream media participate in a ridiculous charade: interpreting the quarterly announcements from the Federal Reserve Board of Governors.

 
Is This the End of the Euro?

Is This the End of the Euro?

With the US dollar hitting multiyear highs against other global currencies almost daily, Americans are in a sweet spot for making international investments. Your US dollars will buy a lot more rubles, yen, and Canadian dollars than they would a year, or even a month, ago.

 
Is This the First Nail in the Coffin of Citizenship-Based Taxation?

Is This the First Nail in the Coffin of Citizenship-Based Taxation?

US citizens who expatriate – those who give up their citizenship and passport – don’t get a lot of respect.Take Facebook co-founder Eduardo Saverin, for instance. When the Brazilian-born Saverin gave up US citizenship in 2011, it led to a political witch-hunt.

 
What Happens When Big Brother “Privatizes” Debt Collection?

What Happens When Big Brother “Privatizes” Debt Collection?

It’s bad enough to have the IRS or another government agency after you. But when Uncle Sam – or even a state or local government – hires a collection agency to chase after you, things can go downhill fast.

 
Why This Greek Tragedy Could Mean Global Disaster

Why This Greek Tragedy Could Mean Global Disaster

One of the assumptions of the eurozone – those 19 countries in Europe that use the euro as their national currencies – is that if any country left the zone, economic disaster would follow in its wake.

 
Why Another Country Just Caved in to FATCA.

Why Another Country Just Caved in to FATCA.

I’ve written frequently about FATCA, the Foreign Account Tax Compliance Act. This one-sided law forces other countries to enforce US tax laws. If they fail to do so, they’re effectively locked out of US markets and the US dollar – the world’s reserve currency (at least for now).

 
Are You Making This Superstar’s Mistake?

Are You Making This Superstar’s Mistake?

Just about every middle-class and wealthy family in the US uses household help at some point. Babysitters, maids, gardeners, nannies… American homes are full of them.

 
Are Your Offshore Investments a Tax Scam?

Are Your Offshore Investments a Tax Scam?

Each year, with great fanfare, the IRS publishes a list of what it calls the “Dirty Dozen Tax Scams.” Last month, it published its most recent list, which you can read here.

 
What’s in Your Wallet? Coming Soon: a National ID Card

What’s in Your Wallet? Coming Soon: a National ID Card

It was a warm spring day in St. John’s, Antigua. Driving on the left, as is the custom in much of the Caribbean, was a bit of a challenge, but eventually I found the building I was seeking.

 
Why Eric Holder’s “Good Deed” on Civil Forfeiture…Wasn’t That Good

Why Eric Holder’s “Good Deed” on Civil Forfeiture…Wasn’t That Good

One of the departing initiatives taken by retiring US Attorney General Eric Holder was to impose limits on a legal process called “adoption.” This is not the kind of adoption in which you add a child to your family.

 
The IRS’s New Dirty Trick… and What to Do About It

The IRS’s New Dirty Trick… and What to Do About It

There’s a good reason why Google, General Electric, Abbott, Honeywell, Johnson & Johnson, Microsoft, Oracle, Apple, and more or less all the other big corporations use offshore strategies: ...

 
Why FATCA Is a Train Wreck Waiting to Happen

Why FATCA Is a Train Wreck Waiting to Happen

FATCA, otherwise known as the Foreign Account Tax Compliance Act, is one of the most arrogant and one-sided laws ever passed by Congress. I first wrote about it in this essay.

 
The #1 Trick to Fitting In Offshore

The #1 Trick to Fitting In Offshore

One of the highlights of my life was the nearly three years that I spent in Vienna, Austria. I was there to attend an LL.M. course in international tax law at the Wirtschaftsuniversität, the Vienna University of Economics and Business.