By Mark Nestmann • September 22, 2015
FATCA, officially known as the Foreign Account Tax Compliance Act, is probably the worst law that most Americans don't know about.
By Mark Nestmann • September 15, 2015
Do you distrust the banking system? Prefer to do business in cash? Complain about the encroachment of Big Brother into every facet of your life?
By Mark Nestmann • September 8, 2015
I can’t help but be reminded of the truism of this week’s article title, watching Chinese stock prices drop, day after day. In response, Chinese securities regulators have banned most short selling.
By Mark Nestmann • September 1, 2015
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.
By Mark Nestmann • August 25, 2015
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.
By Mark Nestmann • August 18, 2015
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.”
By Mark Nestmann • August 11, 2015
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.
By Mark Nestmann • August 4, 2015
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.
By Mark Nestmann • July 28, 2015
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.
By Mark Nestmann • July 21, 2015
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.
By Mark Nestmann • July 14, 2015
Freedom to travel is a fundamental and internationally recognized human right. Article 13 of the Universal Declaration of Human Rights (UDHR) states:
By Mark Nestmann • July 7, 2015
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.
By Mark Nestmann • June 30, 2015
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.
By Mark Nestmann • June 23, 2015
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.
By Mark Nestmann • June 16, 2015
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.
By Mark Nestmann • June 9, 2015
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.
By Mark Nestmann • June 2, 2015
By Mark Nestmann • May 26, 2015
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
By Mark Nestmann • May 19, 2015
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.
By Mark Nestmann • May 12, 2015
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.
By Mark Nestmann • May 5, 2015
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.”
By Mark Nestmann • April 28, 2015
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.
By Mark Nestmann • April 21, 2015
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.
By Mark Nestmann • April 14, 2015
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.
By Mark Nestmann • April 7, 2015
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.
By Mark Nestmann • March 31, 2015
Every three months, the mainstream media participate in a ridiculous charade: interpreting the quarterly announcements from the Federal Reserve Board of Governors.
By Mark Nestmann • March 24, 2015
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.
By Mark Nestmann • March 17, 2015
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.
By Mark Nestmann • March 10, 2015
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.
By Mark Nestmann • March 3, 2015
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.