Aaron Arthur Day

What is FATCA?

Oct 29, 2012

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FATCA, or the Foreign Account Tax Compliance Act was passed as part of the HIRE act of 2010. Designed to take United States tax compliance beyond the borders of the United States and into foreign territories to prevent the loss of potential billions of dollars in tax revenue, FATCA tightens compliancy standards and increases transparency…

Tax-Advantaged Offshore Investment

Oct 28, 2012

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Aaron

in Asset Protection

How to: Minimize U.S. Tax Reporting Requirements (Legally!) If you are an American living overseas, the walls are closing in on you quickly. If your foreign bank hasn’t already closed your account, don’t hold your breath because it is probably coming quickly. A large number of excellent articles have covered the implementation of FATCA and…

PFIC Problem for Americans with Offshore Investments

Oct 27, 2012

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Aaron

in Expatriate

WARNING: U.S. Persons who Purchased a Retirement Plan, Savings Plan issued from the Isle of Man, Dublin, Guernsey or U.K. Life Insurance Company are holding a British Style Life Policy (lump sum or savings plan) which requires annual reporting as a PFIC and suffers annual taxes on the growth of 36.9% and huge annual penalties…

The Truth About Swiss Bank Accounts

Oct 25, 2012

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Aaron

in Offshore Banks

It seems exotic and dangerous and exciting when we hear someone has a Swiss bank account. It’s for ultra-dangerous super spies or mega-rich Hollywood stars. Truthfully, there’s nothing illegal or particularly glamorous about having money in a Swiss bank. In fact, Swiss banks are very eager to have outside account holders especially those from western…

An American in Paris (or Shanghai or Tel Aviv) – Part 2

Oct 24, 2012

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Aaron

in Economics

Using Tax-Advantaged Investment to Minimize U.S. Tax Reporting Requirements (Legally!) Overview If you are an American living overseas, the walls are closing in on you quickly. If your foreign bank hasn’t already closed your account, don’t hold your breath because it is probably coming quickly. A large number of excellent articles have covered the implementation…

Tax Mitigation vs. Tax Evasion

Oct 23, 2012

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Aaron

in Tax Havens

Most of the bad word of mouth associated with offshore investment, tax havens and the like involves an interchange of the phrases ‘tax mitigation’ and ‘tax evasion’. As the focus of tax law in the United States and elsewhere turns to tightening a grip on ‘lost’ revenue from offshore investment holders (a seemingly punitive series…

Why You Should Consider Offshore Diversity

Oct 22, 2012

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Aaron

in Stocks and Bonds

Part of any sound investment portfolio is diversification. How you allocate your funds and where is just as important as what you’re investing your money into. As more markets begin to flounder and reflect a growing global economic crisis it is becoming more important not to have all of your financial eggs in one basket.…

What to Look for in Offshore Investment Funds

Oct 20, 2012

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Aaron

in ETF, Hedge & Mutual Funds

If you’ve settled on a strategy for offshore investing and are considering investment funds as a part of your portfolio it’s helpful to know what to look for to avoid an underperforming investment. Offshore investing is all about finding outside opportunities that aren’t readily available in onshore investment circles. Maximizing returns and minimizing risk still…

Beginners Introduction to Offshore Investment

Oct 18, 2012

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Aaron

in Tax Havens

The entertainment and news media paint a dark and shady picture of offshore investing but this is far from a normal occurrence. Most offshore investments are perfectly legal and may offer advantages over national investment. The simplicity of the term tells you that offshore investing takes place away from your country of residence. The purpose…

Author: Aaron