Offshore Living

My recent essay debunking a Puerto Rican tax incentive sparked a heated reaction from one of its most ardent backers.

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.

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.

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.

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.

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.