By Mark Nestmann • May 13, 2014
Ever since President Obama signed the ill-conceived “Foreign Account Tax Compliance Act” (FATCA) into law in 2010, I’ve been warning about the death of the dollar.
By Mark Nestmann • May 6, 2014
The “War on Drugs” is a great example of America’s slow descent into a police state. Only 120 years ago, you could actually buy cocaine – and syringes – out of a Sears catalog.
By Mark Nestmann • May 1, 2014
One of the advantages of being around as many years as I have is a long memory. And, during my entire 30-year career, Congress has been trying to figure out the best way to help the struggling economies of the US territories: Guam, Puerto Rico, the US Virgin Islands, and the Northern Mariana Islands.
By Mark Nestmann • April 29, 2014
Asset protection used to be easy. If you got in trouble, you’d just move to Florida, buy some property there, and then declare bankruptcy.
By Mark Nestmann • April 24, 2014
You might not fit the profile of Osama bin Laden. But if your government suspects you of terrorism or treason, it can confiscate your passport and, in some cases, even strip you of your citizenship. Then it can arrange for a cooperative government to assassinate you.
By Mark Nestmann • April 22, 2014
In 1965, when I was nine years old, President Lyndon B. Johnson signed a new entitlement called “Medicare” into law.
By Mark Nestmann • April 15, 2014
I have a globe from the 1960s. It includes countries with names like British Honduras, the Union of Soviet Socialist Republics, and Rhodesia.
By Mark Nestmann • April 8, 2014
The IRS believes that most Americans living overseas violate US tax and reporting rules.
By Mark Nestmann • April 1, 2014
The year is 1633, and a respected old man finds himself on trial for his life. His crime? Writing a book, the product of more than 20 years of research and study.
By Mark Nestmann • March 27, 2014
Mark shares with you a recent conversation he had with Chris Kalin of Henley & Partners, the global leader in citizenship and residence planning. Read below to find out about Chris and his firm, as well as an opportunity for you to learn firsthand about a unique citizenship opportunity.
By Mark Nestmann • March 25, 2014
Did you know you can charge an iPhone with just an onion and a glass of Gatorade? “Really?” you say. No, that’s a fib, although...
By Mark Nestmann • March 20, 2014
For hundreds of years, Spain has been a predominately Roman Catholic country, but that wasn’t always the case. Surprisingly, the country was once...
By Mark Nestmann • March 18, 2014
Imagine for a moment that you and your wife operate a successful business refurbishing and selling used medical equipment. One day, you receive a letter from a federal prosecutor informing you that the business is the target of a criminal investigation. The prosecutor demands...
By Mark Nestmann • March 11, 2014
It’s no secret that governments around the world are hard up for revenue. And to get it, they’ll do just about anything.
By Mark Nestmann • March 4, 2014
Do you remember when policemen were called “peace officers”? I do. In the small West Virginia town where I grew up, police work consisted mainly of community-oriented engagement, not unlike what you might see on The Andy Griffith Show.
By Mark Nestmann • February 25, 2014
Have you ever wondered what really goes on behind the scenes at Transportation Security Administration airport checkpoints? Wonder no more. Recently, a former TSA screener wrote a tell-all article for Politico Magazine describing how America’s airport security apparatus actually works.
By Mark Nestmann • February 18, 2014
A recurring theme in my work is that Big Brother and big business conspire against the interests of ordinary citizens in countless ways. And just last week, I discovered another example. An article in a respected scientific journal confirmed...
By Mark Nestmann • February 11, 2014
Imagine yourself at a neighborhood pool party. Everything’s going smoothly. Marge next door made a heavenly potato salad, and Pete across the street is doing a great impression of the late Rodney Dangerfield in Caddyshack.
By Mark Nestmann • February 4, 2014
I don’t know what’s worse: the fact that most of the mainstream media seem determined to avoid mentioning the ongoing NSA spy scandal as much as possible… or how stupid they must think we really are.
By Mark Nestmann • January 28, 2014
War is hell. I discovered this early, growing up during the Vietnam era. I couldn’t imagine being a soldier with orders to kill the “enemy.” If you disobeyed, you’d get court-martialed or executed. And, even if you followed your orders, the enemy always shoots back.
By Mark Nestmann • January 21, 2014
Imagine you’re cruising down the highway, top down, your favorite song on the radio. Then you notice the blinking lights behind you. You get pulled over for doing 80 in a 65 mph zone.
By Mark Nestmann • January 14, 2014
A free lunch is a wonderful thing if you’re not the one picking up the tab. For the last 50 years, that’s what the world’s richest countries – the US, the EU, Australia, and a handful of others –have offered their citizens, in the form of a cradle-to-grave welfare state.
By Mark Nestmann • January 7, 2014
Every year, my associates and I help clients get a second citizenship (and the passport that goes along with it). And one of the questions that I hear most often is: "Will the US government know I’m doing this?" Officially, the answer is "no." But that’s not a complete answer...
By Mark Nestmann • December 31, 2013
The newest passport scam that has come to my attention recently is for Mexico. The Mexico "program," as the company offering this scheme calls it, can be completed in four months and with only two visits to the country.
By Mark Nestmann • December 24, 2013
Pop icon Tina Turner has just joined a multitude of famous – and not so famous – expats. Having recently acquired Swiss citizenship, Turner, a long-time resident of the canton of Zurich, voluntarily "relinquished" her US citizenship and passport.
By Mark Nestmann • December 17, 2013
The same is true of offshore tax planning. But in this case, the bear is not a 500lb animal of the forest; it’s the 100,000+ strong army of tax professionals that make up the IRS. Unfortunately, some people like to learn their own lessons, so, if you insist on provoking the IRS, here's a great way to do so.
By Mark Nestmann • December 10, 2013
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've written quite a bit about it in the past, almost always on how it negatively affects the average American trying to do business offshore. Today, though, I actually have some good news to report.
By Mark Nestmann • December 6, 2013
Little by little, Bitcoin is winning individual users all across the planet. But something else is happening at the same time: Bitcoin is emerging as the anti-dollar. To the many countries and businesses that have been abused by dollar tyranny, Bitcoin provides a path of escape.
By Mark Nestmann • December 4, 2013
The politics of economic citizenship programs can be ugly. But occasionally, I find something in the works that makes me smile.
By Mark Nestmann • November 28, 2013
It’s been a long time since I had a warm and fuzzy feeling leaving—and especially re-entering—the USA on an international trip. Enhanced security measures in effect since the 9/11 attacks, the long lines to cross the border, and the fact that the US border zone is effectively a “Constitution-free zone” all contribute to a vague dread every time I cross a US border.
Disclaimer: Nestmann.com does not provide investment, tax or legal advice, and nothing available at Nestmann.com, any document received from Nestmann.com, or any communications from Mark Nestmann and/or The Nestmann Group should be taken as such. In addition, Mark Nestmann and The Nestmann Group do not represent any foreign government nor are agents of any foreign government. Before undertaking any action, be sure to discuss your options with a qualified advisor.