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Tag: Tax

12 Dec
Paperwork for filing taxes.

FATCA

The Foreign Account Tax Compliance Act (FATCA) Despite the prosperity it has enjoyed under a free market, the United States in 2009 enacted legislation that many people view as the start of capital controls in America. That legislation is found hidden in a jobs’ bill, H.R. 2847 (also known as the HIRE Act), which became [...]
28 Jul
US Passport on the world map

Should You Renounce Your American Citizenship?

When Boris Johnson, soon-to-be former British Prime Minister, sold his London home in 2009, he didn’t pay any capital gains tax in the U.K. but was slapped unexpectedly with a U.S. tax bill. Boris is an “accidental American,” a person who has lived outside of the United States for the majority of his life but […]

21 Mar
Businessman removes wooden blocks with the word Tax

Comply And Conquer: How To Legally Minimize Your Tax Burden

We Americans have it rough when it comes to taxes. The Big Bad Wolf of the world’s financial arena—the IRS—calls our neck of the woods home. Feared worldwide these days… by banks and financial institutions as well as ordinary citizens from California to Switzerland… the U.S. Internal Revenue Service has become the hunting dog for […]

14 Feb
View of Panama Canal from cruise ship

How Panama Became A Great Economic Success Story

Is Panama 2022 A Buy? Why were Lief and I drawn to Panama in the first place, some 24 years ago? And why have we invested more in this country than anywhere else in the world? It's partly because Panama's is one the greatest economic success stories in the world. Massive Growth Has Been Due [...]
26 Jul
Cork City view from St. Patrick's Hill.

Could Ireland’s Status As A Tax Haven Be Ending?

I’m not sure how Ireland ended up the target. This country’s approach to taxation was the reason Kathleen and I moved to the Emerald Isle some 23 years ago. Now that tax position has her under fire… but, again, I can’t figure out why. Ireland imposes corporate tax at a rate of 12.5%. So does […]