Uruguay: Have you Discovered this Low-Tax Haven?

Photo: Jikatu, Wikipedia

I’m a big fan of living globally. At some point in my life I would love to own a second or maybe a third home (if I’m lucky) somewhere else around the world. Becoming an expatriate (or “expat”) is a great move for one to make somewhere down the road. It’s great for diversifying your wealth, embracing other cultures and enjoying life in different environments. Now I have been researching places to live for the last year or so and I am quickly gravitating toward Uruguay for many reason. One of which is for their low-tax policies for foreign residents.

Online Quiz to Find Your Perfect Place to Live

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If your looking live abroad and you don’t know where to start looking, this is a online quiz by International Living might help you find the perfect place to live. Enjoy!

Where’s the Land of Opportunity these Days?

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“Recent decades have witnessed an amazing shrinkage of the American manufacturing sector, from #1 in the world to virtual non-existence. Companies, taking advantage of cheaper labor costs abroad, have either outsourced some portion of the workforce or relocated their entire operations offshore. Remember the “great sucking sound” that Ross Perot claimed he could hear?”
– Doug Hornig, Casey Research

More Americans Give Up Citizenship

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Well this isn’t a big surprise, a lot of people have had enough with the excessive tax reform and regulations from the government. The massive debt being created in America amongst other countries has caused many citizen to pack up and leave. This just shows how bad it’s getting.

The Passport Book

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Now for those thinking of investing overseas or living abroad, it’s very important to think about where you plan on calling home. Dual citizenship is something which I highly recommend people look into. Being a citizen of two countries definitely has its benefits, from paying less taxes to diversifying your investments/assets to even increasing your standard of living.

Welcome to St. Kitts & Nevis!

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Among all the great places to live, invest and save taxes, St. Kitts & Nevis is definitely one of the top contenders. Only them and the Dominican Republic offer what is known as an “Economic Citizenship”, which allows you to
obtain a second citizenship in exchange for investing in that country through the purchase of real estate or through other programs to support their domestic industries.

IRS Launches a New Global Program to Target ‘High Wealth Individuals’

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And the saga continues… the IRS Commissioner Douglas Shulman states in his most recent annoucnement; “through our new global high wealth operating unit we are taking a unified look at the entire web of business and economic entities controlled by high wealth individuals so we can better assess the risk such arrangements pose to tax compliance,” Shulman said at the National Press Club on Monday. Shulman said the IRS is using “our robust and evolving enforcement program that ensures that everyone pays what
they owe.”

Are We Inching Closer to the End of Swiss Banking Secrecy?

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So the Swiss as of late have been getting a lot of pressure from the US to relinquish the names of US-based citizens who own foreign bank accounts. You may have seen in the past a headline about the Swiss giving the US a list of names of people who have foreign accounts but that decision was halted as it went against the Swiss banking laws.