Tag: Puerto Rico

  • Global Online Commerce and FATCA

    The fact is that the U.S. tax code can provide tax deferral on an overseas trading businesses but not on an overseas firms dealing in capital. The Foreign Account Tax Compliance Act (FATCA) does not define the difference between trade and capital. Therefore, the big operations overseas, or the very small ones for that matter,…

  • San Juan – The New Havana?: Making the Move from Miami to Puerto Rico

    [typography font=”Open Sans” size=”11″ size_format=”px”]by Gerald Nowotny[/typography] I lived in Miami for about ten years during the time that I went to law school at the University Of Miami School of Law, i.e. the Harvard of the South! I also worked in Miami while I went to law school at night and have a good…

  • An American in Paris (or Shanghai or Tel Aviv) – Part 3

    How to retain your account in a Foreign Financial Institution A. Overview In my last installment, I discussed the benefits of a private placement insurance contract (life insurance or annuity) issued by a life insurer domiciled in Puerto Rico – Isla del Encanto – for Americans living overseas. Aside from providing tax-advantages, the Puerto Rican…