Chile to Join US Visa Waiver Program
"As Chileans become increasingly wealthy and have more disposable income, they are starting to travel more, and as more of them go on vacation or shopping sprees in the US. American's will eventually start to learn about this relatively small country of 17 million people. There will also inevitably be more information sharing between the US and Chilean governments. I know some people down here who aren't thrilled about this and are worried about politicians throughout the world being 'in cahoots' more and more every day. I agree; however, it's a situation that's not unique to Chile." Continue reading →
On The Road Again: Customize Your Life with Location Independence
"Then there’s Life Remotely, which got me thinking about the topic. Basically, that site’s done by three people who have found gigs they could do on the road and then spent a decade doing them, mostly on the road. In the process, they’ve also developed a suite of skills and information that can bring this kind of life that much closer to other people. Theirs is also an entrepreneurial response in that it fits together needs, desires, and resources in a novel way that offers people a way to assemble their own happiness. It relies on the alertness to spot what can be made from things that haven’t been combined quite this way before." Continue reading →
R.I.P. Garry Davis (1921-2013)
"The world has lost a true visionary. Davis renounced his US citizenship in 1948, proclaiming himself a citizen of the world. He went on to advocate for global, rather than national, governance, and founded organizations to that end. Since 1954, the World Passport that Davis devised and issued has facilitated crossings of some 180 national borders, and has has saved tens of thousands of lives. as bearers and their families used it to flee conflict zones and genocides. Garry’s legacy lives on, both in the ideals he articulated and in the lives and descendants of the people his 'fake' passports saved." Continue reading →
FATCA: ‘Simple premise’ gone terribly wrong
"Most Americans living outside the U.S. are not 'tax cheats,' 'tax evaders' or 'traitors' though they are often characterized that way in the media or even by members of Congress. Instead, they are honest, productive, contributing residents of other countries, which they call home. In many cases, they are also citizens of those countries. President Obama and members of Congress, how did the 'simple premise' of 'cracking down on illegal tax evasion and closing loopholes' become an attack on financial lives and personal integrity of millions of people living outside United States, their banks and laws and constitutions of their countries of residence?" Continue reading →
Malta: new residency scheme for foreign buyers & renters
"The new residence scheme, referred to as Global Residence Programme, will allow people who buy or rent a property in Malta and direct their income to Malta to benefit from a residence permit (and thus income tax at 15 per cent). In order to qualify for residency, under the new Global Residence Programme, a non-EU foreigner will need to buy a property of €220,000 or over. Foreign nationals who are interested in renting a property, can also do so and they are eligible for residency given that the annual rental value is of €9,600 (or €800 monthly). The new Residence Scheme for Foreigners replaces the High Net Worth Individuals Scheme." Continue reading →
The Silver Lining as Banks Say “No More Americans”
"Independent asset managers are entrepreneurs at heart. Many have started their own businesses after gaining deep experience in private banks or large investment houses. They recognize that those two business models don’t properly serve those looking for lower account minimums with the superior service found at smaller firms. Most Swiss independent asset managers feature tight, professional teams of four to five deeply experienced members. These managers are going about it the right way. They are registered with the SEC and they work with the very same private banks that decided to say good-bye to American clients." Continue reading →
Reflecting On Traveling Around The World: The Reunion
"I have a career and businesses I can run from an Internet connection anywhere around the world. There was nothing holding me back from anything I wanted to experience. I do remember the feeling of actually quitting my job. The actual motion and fear of the unknown. The uncertainty of arriving at a destination that no longer knowing where things were or how to find them. It is that very thing that kept me tied to my job for so long. If it wasn’t for the fear of the unknown I would have left my job years earlier. I write this just to reflect on how my life has changed ever since I decided to live this new lifestyle." Continue reading →
10 Things that Cause Tax Audits of US Expatriates
"1. Not Reporting All Of Your Taxable Income. 2. Filling Out Forms 2555 Incorrectly. 3. Form 1116 (foreign tax credit) not done correctly. 4. Taking Higher Than The Average Deductions. 5. IRS Finders Fee Program. 6. Business Meals, Travel And Entertainment. 7. Claiming 100% Use Of Your Car For Business. 8. Large Cash Transactions. 9. Math Errors. 10. Failure to Properly Abandon your State Tax Domicile." Continue reading →
What the Passport Pitchmen Don’t Tell You…
"A few years ago, my father had heart problems. I’m his only child, his only living relative, and his sole heir. So I thought that if I could come back to the United States, we could spend time together while we still had the chance and I could be close to my future inheritance. We put in all the paperwork required by U.S. Immigration, paid all the fees, etc. You would think that 'immediate family' members of U.S. citizens would get a residency permit easily right? NOT!!! Long story short, two years later the paperwork was STILL in process. Then, in April this year, I got that call that all of us dread, announcing the death of my father." Continue reading →
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