Passport Scammer Exposed in Secret Video

Passport Scammer Exposed in Secret Video

When I was a teenager, I was a fan of the Rolling Stones. I bought their 1971 album, Sticky Fingers, immediately after its release. Unfortunately, the record was unplayable.

 
Are You Fit to be Boiled?

Are You Fit to be Boiled?

I’ll never forget the first time I saw a lobster boiled alive. It was at a family gathering when I was very young, perhaps five or six years old. One of my aunts calmly picked up a happily wriggling lobster out of an ice chest and dropped it in a pot of boiling water.

 
The US Is About to Become an Even Bigger Tax Haven

The US Is About to Become an Even Bigger Tax Haven

It’s often not “PC” (politically correct) to point out the truth. But someone needs to do it. Here’s an “inconvenient truth” for President Obama and those in Congress who want to shut down what they call “offshore tax havens.”

 
The Price of This Top 2nd Passport’s Going Up

The Price of This Top 2nd Passport’s Going Up

For years, the Commonwealth of Dominica has offered the best value for the money of all citizenship-by-investment programs. But the price will soon be increasing.

 
A Sneaky Way to Grab Your Retirement Savings

A Sneaky Way to Grab Your Retirement Savings

With an $18 trillion debt and $97 trillion or so in unfunded liabilities, Uncle Sam is anything but flush with money. So Congress and President Obama are looking for ways to stem the flow of red ink.

 
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.