Tag Archives: International Living

Financial Considerations for Expats

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“On one hand, online banking and voice over IP (VoIP) calling have made it easier for Americans to manage their money and stay in touch with financial advisors or accountants from anywhere in the world.  But the Foreign Account Tax Compliance Act  has created additional headaches for many. In fact, CNN Money reports that 3,000 Americans renounced their U.S. citizenship last year, three times as many as the average over the previous five years, a fact it attributes in part to these new regulations.  The financial impact of moving overseas will, of course, vary depending on the laws in your new country and other factors, but here’s a look at areas to consider.”

http://www.mainstreet.com/print/31389

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Bitcoin & Anarchy with Jeff Berwick

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“In this episode we interview Jeff Berwick of The Dollar Vigilante and Anarchast. We cover lots of interesting topics from; moving to South America, making your own start-up, protecting your wealth with Bitcoin and others.”

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EU Passport for the “Right” Kind of Jew

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“Spain wants its Jews back. The government has proposed that the descendants of Jews expelled in 1492 be given the right to acquire Spanish citizenship and passport. It would be relatively easy to qualify – the bill provides several ways to demonstrate Sephardic origins. On the surface, Spain offering the right of return to Jews expelled more than 500 years ago seems like simple justice. And it may be, but the expulsion of the Jews in 1492 is only one of hundreds or even thousands of expulsions throughout history based on ethnic or religious origins. There’s no reason to think other countries that throughout history have expelled or exterminated ethnic or religious minorities will imitate it.”

http://www.nestmann.com/eu-passport-for-the-right-kind-of-jew

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Hanoi, Vietnam traffic adventures

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“The busy streets of the Old Quarter of Hanoi, Vietnam are endlessly fascinating, buzzing with activity and lots of small motorcycles in perpetual motion. We walk you through these narrow roads with a couple of local friends and share some tips for seeing Hanoi while surviving the traffic.”

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Hanoi, Vietnam Old Quarter Tour

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“Hanoi’s Old Quarter is one of the great destinations in Asia, densely packed with open store-fronts, lots of people, scooters buzzing by, many cheap places to eat, historic buildings and friendly people. The Old Quarter of Hanoi is often known as the 36 streets, but in fact, now there are more than 36 streets, each one providing rewards for the intrepid visitor. The old quarter is different from other places in Hanoi. Preserving the houses in the old quarter is very necessary, and according to the plan, the Hanoi people committee are planning to preserve the old houses in the old quarter, so it can keep the original state. However the planned renovations might change the existing historic character.”

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Why expats are ditching their U.S. passports

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“3,000 Americans around the world renounced their citizenship last year. Meet five U.S. citizens who have given up their passports — or are thinking about it — to escape an overly complicated tax code.”

http://finance.yahoo.com/news/expats-ditching-u-s–passports-151127757.html

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Why Canadians want to retire in the U.S.

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“Unlike with an American citizen’s home-grown 401(k)s and IRAs, the Internal Revenue Service doesn’t tax withdrawals of principal from an imported Canadian retirement account. ‘If Uncle Sam didn’t give you a tax deduction for your contributions,’ Kristof explains, ‘the U.S. government doesn’t expect you to pay tax on the principal.’  Canadians would owe U.S. taxes on capital gains in their accounts. But Canadians can largely eliminate that liability by liquidating any stock holdings while their money is still under the maple-leaf flag.  Some clients take their expatriate status one step further, setting up a work history in the U.S. so that they can qualify for Social Security and Medicare.”

http://blogs.marketwatch.com/encore/2014/02/18/why-canadians-want-to-retire-in-the-u-s/

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Singapore: A Case of Libertarian Orientalism?

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“Raffles was the one who started the whole thing and say this was going to be a free trade place and this free trade principle has never been touched in the last 150 years. Therefore Singapore really if you look at all those international indicators, Singapore scores extremely well; very little regulation; a foreigner can create a company; multinational companies can come in, no problem. It’s all very easy. The hair in the soup; big hair this time, we’re talking about government enterprises and investments. Here Singapore only scores 7 in the Frasier Institute report. The score of 7 meant when the government invests between 20 and 25 percent in total investments.”

http://isil.org/singapore-a-case-of-libertarian-orientalism/

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Imran Hussain on Frontier Investing and the UAE Tax-Free Zone

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When you set up your business properly in the UAE, you can avoid taxes so long as you are involved in international business. It is a significant advantage and many are interested in taking advantage of it. I relocated almost 1,800 companies and individuals in only four years.  [..] China and Asia will be leading the way economically in the future, though on the technology front, the US should retain its lead. France is having a hard time and a lot of French are leaving because tax bills are going up to 70 percent. Many French who can afford it are going to Switzerland.”

http://www.thedailybell.com/exclusive-interviews/34989/Anthony-Wile-Imran-Hussain-on-Frontier-Market-Investing-and-the-UAE-Tax-Free-Zone/

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America’s Race to the Bottom

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“The United States has fallen behind in nearly every measure imaginable.  The so-called greatest country in the world is now third in median household income, number four in labor force, number four in exports, seventh in literacy, 22nd in science, 27th in math, 34th in infant mortality and 35th in life expectancy.  The U.S. is first in health care spending but 35th in life expectancy. We’re first in the number of incarcerated citizens per capita. We’re first in defense spending.  Indeed, if you’re an American, you’re living in a country that now ranks 12th in the Heritage Foundation’s annual Index of Economic Freedom. Not even in the top 10. Ireland and the tiny Indian Ocean state of Mauritius outrank us.”

http://thesovereigninvestor.com/2014/01/30/americas-race-bottom/

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