Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.
Category: Taxes
The Agonies Of Trying To Comply With The New Repatriation Tax
Tax Rules: How To Minimize By Keeping A Global Mindset
There Are Many Reasons For Going Offshore, Taxes Aren’t One
Last week was the end of the official tax season for Americans. We all got an extra day this year because the IRS’s online system crashed in the 11th hour. Too much traffic in the final hours leading up to the midnight deadline. Seems more and more people wait until the last minute to file.
How Trump’s Tax Changes Impact Americans Offshore
Trump threw us Americans with businesses overseas a curveball in December. His tax changes eliminated the deferred-tax status for U.S.-controlled foreign corporations. That opportunity to defer U.S. tax made it possible for Americans with small businesses overseas to build their businesses faster. Now what? All my global tax-expert friends and colleagues have spent the past […]
What Trump’s New Tax Bill Means For Your Offshore Business
How The IRS Could Bring Rain On The Royal Wedding
When the engagement between Britain’s Prince Harry and actress Meghan Markle was announced a few weeks ago, the press began to speculate about what affects Ms. Markle’s status as an American citizen might have on the royal family once she becomes part of it. Specifically, what about required reporting under FATCA and other IRS rules?
EU Blacklists 17 Tax Havens, Another 47 On Gray List
The EU has this week released a short list of 17 countries it is officially putting on notice because of their taxation policies. Panama is on that list. So is South Korea… as well as the U.S. territories of American Samoa and Guam. In addition to this so-called blacklist, the EU has also named 47 […]
Ten Women Walk Into A Bar… And Learn About U.S. Taxes
Anticipation continues to build for details of the promised U.S. tax reform measures. House Republicans delayed release of the specifics yesterday and promised to share them today. I’ll have my thoughts on what, if any, effects the proposed changes will have on Americans living, investing, and doing business offshore as soon as any real information […]
Will Congress Eliminate Worldwide Taxation Of U.S. Citizens?
Talk about potentially eliminating the worldwide taxation of U.S. citizens is getting some expats excited. In theory… if the proposed change were approved… that would put U.S. citizens on par with citizens of every other country in the world except Eritrea, the only other country that also taxes citizens on worldwide income no matter where […]