The Debate on Puerto Rico’s Tax Policy
My recent essay debunking a Puerto Rican tax incentive sparked a heated reaction from one of its most ardent backers.
My recent essay debunking a Puerto Rican tax incentive sparked a heated reaction from one of its most ardent backers.
Indulge yourself for a moment and imagine you're back in 1986. You’re listening to “Addicted to Love” by Robert Palmer on the radio and on your way to the movie theater to watch Aliens, starring Sigourney Weaver.
Over the last few weeks, I’ve had close to 30 consultations with Nestmann Group clients. And one of their top concerns is that Barack Obama or some future US president will find a way to confiscate the money in their IRAs or 401(k) plans.
Unlike many other advisory services, we take a historical perspective when it comes to supposedly fresh and new ideas. And it’s for that reason that I’ve been skeptical of the tax incentives for individuals that Puerto Rico enacted in 2012 ...
In my nearly 30 years of helping Americans “internationalize” themselves, there are four giant obstacles I have watched my clients overcome before finally taking action: Inertia, fear, complacence, and hopelessness.
Recently, The Economist reported that Chase Bank closed the accounts of hundreds of porn stars. Among them was blond bombshell Teagan Presley, star of Just Over 18 #10 and more than 70 other porn videos.
What’s the most hazardous financial activity that you can engage in? It’s not investing in penny stocks. It’s not buying foreign currencies. It’s not even playing futures and options, as risky as they may be.
In my consulting practice, I’m often asked about my own “Plan B” – what I plan to do when the s**t hits the fan (SHTF) in the good ol’ US of A. And of course, why I chose that plan.
In the last 50 years, an amazing transformation has taken place. The result? A country rife with contradictions… and opportunity.
I recently spent a week in Hong Kong, the Special Administrative Region of the People’s Republic of China, just off the Mainland’s southeastern coast.
This week, I’m writing to you from the departure lounge of the Vienna International Airport. I lived in Austria from 2003-2005. I returned not only to renew old friendships, but to see firsthand the latest developments in this small country, which only a century ago dominated much of Europe.
I’m in Panama City, Panama, conducting some boots-on-the-ground research and due diligence on this remarkable country’s legal and financial infrastructure.
For the third time in as many years, legislation has been introduced in Congress that would revoke the passports of US citizens with “seriously delinquent tax debts.”
Around 10 years ago, the US declared war on a select group of Americans – the nearly 8 million US persons (citizens and green card holders) living abroad.
Last July, I spent four days in Las Vegas at FreedomFest. This annual event is huge, with as many as seven presentations occurring at the same time.
Carl Zwerner, an 87-year-old resident of Florida, is the latest poster child for the IRS vendetta against offshore investments.
Just the other week, I witnessed economic imperialism at work. It came courtesy of a secretive US Treasury bureau called the Financial Crimes Enforcement Network (FinCEN).
If you’re a US citizen and believe you have an unfettered right to leave your country – and come back – think again.
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.
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.
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.
In 1965, when I was nine years old, President Lyndon B. Johnson signed a new entitlement called “Medicare” into law.
I have a globe from the 1960s. It includes countries with names like British Honduras, the Union of Soviet Socialist Republics, and Rhodesia.
The IRS believes that most Americans living overseas violate US tax and reporting rules.
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.
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.
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