Tag Archives: International Living

Scenes From 21st-Century China

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“The People’s Republic of China, the most populous country, and the second-largest economy, in the world, is a vast, dynamic nation that continues to grow and evolve. In this, the latest entry in a semi-regular series on China, a homemade 3-ton tank, a man inflating tires with his nose, a massive teapot-shaped building, nearsightedness-prevention devices, a replica Sphinx, and much more. This collection offers only a small view of people and places across the country over the past few months.”

http://www.theatlantic.com/infocus/2014/07/scenes-from-21st-century-china/100782/

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A Visit to the Libyan Stock Exchange [2013]

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“Under the ‘Great Socialist Republic’ of Qaddafi’s regime, shares were routinely provided to the people.  By management’s estimate, approximately 260,000 Libyan citizens own shares but are not yet authorized to sell them.  Under the current government, this will change beginning in August 2014.  If this holds true, expect to see a significant drop in prices across the LSM as the ‘main street’ Libyan sells his shares en masse for a quick payday.  Most people here don’t place much value in stocks; it is likely that many do not even understand what a stock is.  Forty-two years of socialism cannot be undone overnight.”

http://www.pathfinder.vc/2013/04/04/a-visit-to-the-libyan-stock-exchange/

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Peter Schiff and Doug Casey on the Real State of the Economy

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“The president is bragging now that the deficit is finally below $1 trillion, but that’s the deficit in the recovery. If we slip into a legitimate or acknowledged recession, where are the deficits going to go, $1.5 trillion, $2 trillion? And how can we possibly finance that when the world is already saturated with the debt that we’ve issued to stimulate us out of prior recessions?  [..]  I think we are on the edge of something that is much worse than what we had in 2008 and 2009. I look around the world at places where you can put your capital, real estate is overpriced, the stock market is greatly overpriced, the bond market is in a historic bubble, that’s about the best short sale I can think of in the world.”

http://www.internationalman.com/articles/peter-schiff-and-doug-casey-on-the-real-state-of-the-economy

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Macedonia Plans to Set up Tax Haven

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“Prime Minister Gruevski insisted the plan will not attract criminal money, but will boost employment.  ‘We aim to open an international financial zone on an area of 10 to 20 hectares where we will copy the financial laws from countries such as the United States, Britain or Germany, which will additionally boost its credibility,’ he said.  ‘The regulations will be taken from these top economies and companies that decide to move their HQs here will be offered additional tax and other benefits,’ he explained.  The government plans to give more details about the draft law soon after the constitutional changes are adopted by parliament, which should happen by mid-October.”

http://www.balkaninsight.com/en/article/macedonia-plans-becoming-tax-heaven

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Swiss Gun Ownership: The Real Story [2013]

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“Although Switzerland is one of the most gun-friendly countries in the world, there have been some misconceptions concerning the rules and regulations governing Swiss gun ownership. In this video, Rex discussed gun ownership in Switzerland with a participant of the Swiss shooting community. Although the shooting culture is very strong in Switzerland today, the laws governing private firearms ownership is more restrictive than many American gun writers make it sound.”

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Puerto Rico: Tropical Tax Haven for America’s Super-Rich

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“Struggling to emerge from an almost decadelong economic slump, the Puerto Rican government signed a law in early 2012 that creates a tax haven for U.S. citizens. If they live on the island for at least 183 days a year, they pay minimal or no taxes, and unlike with a move to Singapore or Bermuda, Americans don’t have to turn in their passports. (Puerto Ricans are U.S. citizens but cannot vote in federal elections.) About 200 traders, private equity moguls, and entrepreneurs have already moved or committed to moving, according to Puerto Rico’s Department of Economic Development and Commerce, and billionaire John Paulson is spearheading a drive to entice others to join them.”

http://www.businessweek.com/printer/articles/210061-puerto-rico-tropical-tax-haven-for-americas-super-rich

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Is The IRS Really Driving Americans To Renounce Citizenship?

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“After surveying 414 expat clients, 327 said they had ‘actively considered,’ ‘are thinking about,’ or ‘explored the options’ of renouncing their U.S. passport because of the new rules. Many cited problems opening and maintaining bank accounts in their new countries and disliked the costs and paperwork associated with compliance.  ‘Some told us that they felt they were now under suspicion by the IRS, even though there was no question of any wrongdoing or having any taxes owing,’ Green said.  U.S. Treasury Department data shows that passport relinquishments were up 220 percent in 2013 from the year earlier.”

http://www.ibtimes.com/irs-really-driving-americans-overseas-renounce-citizenship-1628644

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Corporations Join Increasing Numbers Renouncing US Citizenship

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“The strategy these companies are using is known as an inversion. It’s where a US company merges with a foreign company in a jurisdiction with lower taxes and then reincorporates there. Current US law allows for this if the foreign shareholders own at least 20% of the combined company (though some are trying to raise the minimum to 50%).  Now, despite the howls and shrieks from upset politicians and the mainstream media about these companies being ‘unpatriotic’ and ‘un-American,’ they’re doing absolutely nothing illegal. Inversions are totally acceptable within the current rules of the US Tax Code.”

http://www.internationalman.com/articles/corporations-join-droves-renouncing-us-citizenship

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The Retention of Wealth

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“The world has never seen a time like the present one. In most every facet of the economy, personal wealth is threatened. In many countries, there is the threat of greater taxation, devaluation of currencies, collapses in markets, and even outright confiscation of bank accounts.  Consequently, if the powers-that-be exert their power to (quite literally) rob their citizens, those citizens need to determine the safest havens for their wealth that they possibly can… and need to do so before the wolf arrives at the door.  As to what countries the reader might consider, several nations in the world have no income tax.  There are sixteen nations that have no property tax.”

http://www.internationalman.com/articles/the-retention-of-wealth

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Spanish citizenship offer appeals to US Jews

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“The Spanish government presented a bill last month that would grant citizenship to Jews forced into exile from Spain by the Inquisition in 1492. The plan, expected to pass easily in Parliament, aims to right a past wrong and honor the loyalty of communities that ‘do not hold a grudge’ against a country that forgot them, according to the bill.  According to Spain’s bill, to be eligible for dual citizenship, applicants will also have to take a Spanish culture test and have their ancient ties to the nation vetted by experts.  The Spanish government is expecting a massive response, according to reports in the Spanish news media.”

http://www.kansascity.com/news/nation-world/article714780.html

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