Category: Expatriate
-
Tax Efficiency Drives Less than a Quarter of High Net Worth Offshore Investment
Despite the commonly-held belief that tax considerations primarily drive offshore investment, only 23.2% of global high net worth (HNW) wealth is invested offshore for tax reasons, while 24.1% derives from HNW individuals seeking access to a greater range of investment options, according to financial services research and insight firm Verdict Financial. The company’s latest report…
-
U.S. Retirement Savers, Investors and Obama
$17 Billion a Year at Stake for U.S. Retirement Savers and Investors if House of Representatives Overrides President’s Veto Wednesday [box]Will U.S. House Do Bidding of Wall Street or Main Street Citizens? Fate of Department of Labor No-Conflict Rule Is “Front-Burner” Pocketbook Issue for Average Americans[/box] Millions of U.S. retirement savers and investors could suffer…
-
Canadian Retirement Income… In The US:
Living in the US and receiving Canadian retirement income? Tips on reporting this income to the IRS and related issues Many former Canadian residents prefer spending their retirement years in the US, especially in the Southern states with better climate and more affordable property values. But this triggers many complexities, especially in reporting Canadian retirement…
-
The $2 Billion Market For Passports
As migration and inequality continue to get significant attention from US presidential candidates, it is worth noting a rising phenomenon at the intersection of these two topics: economic citizenship. A growing number of countries offer individuals passports in return for investment, and the wealthy have been taking advantage in increasing numbers. In 2014, the global rich spent…
-
The Defense of Canadian Sovereignty
Canadian Sovereignty at risk, particularly for those considered to be American persons for taxation purposes An organization called the Alliance for The Defense of Canadian Sovereignty is challenging a Canadian law that implements FATCA. The organization claims that the Canadian law violates the Canadian Charter of Rights & Freedoms, particularly the provisions related to discrimination on…
-
Best Overseas Retirement Havens
Three Most Affordable Overseas Retirement Havens in 2016 — InternationalLiving.com Cost of living can be a major concern for people on fixed pension, annuity, and other retirement income sources. In International Living’s 2016 Global Retirement Index, three countries stand out from the top 23 retirement locations in the world as having the best cost of…
-
US Expats and Pension Taxation
On the subject of tax, Americans attending a recent one-day conference in London aimed at US expats seemed most concerned about how the US is likely to tax their non-US pensions, according to an expert on such tax matters, who spoke at the event. “Some of them have got certain kinds of older, defined-benefit pensions that…
-
Renouncing U.S. Citizenship eBook
DETROIT – JANUARY 19, 2016 – Freeman Tax Law, a tax law firm specialising in overseas financial issues and IRS representation, recently published an eBook for people who are interested in renouncing U.S. citizenship. It includes important information regarding expatriation, including what the obligations are when trying to renounce U.S. citizenship, the penalties for failing…
-
Elite Lawyers now Selling Caribbean Tax Haven as Havens from Terror, Too
Caribbean nations have long served as tax havens for the world’s economic elite, with many offering so-called economic citizenship where, for large payments, one can simply buy citizenship in their countries. That can save the 1 percent a pretty penny. Overseas tax evasion costs the U.S. government as much as $100 billion each year. But…