Tag Archives | offshore investing

Avoiding the Earned Income Exclusion Trap

If you are a US person lucky (or smart) enough to live in a country that either has territorial based income tax or does not tax foreign investment income, you still might be caught in a conundrum. This just happened here in Uruguay last month when Uruguay imposed a personal income tax, but excluded foreign […]

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When an Offshore Bank Fails

by Ronald Edwards Special Notice: Offshore Banks are not fully licensed banks. Panama Legal Law Firm Never opens accounts for clients at offshore banks anywhere. Article for information only. Introduction – What we are going to do is describe the legal and mechanical process relating to offshore bank failures. We will discuss what leads up […]

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The Truth About Offshore Investing

Offshore banking and investing is not littered with money laundering criminals, fraudsters, and tax evaders as many governments will have you believe. In respect to these types of crimes the reality is that there is infinitely more criminal activity onshore within their countries then there is offshore. There is a huge difference between those who […]

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Tax Haven Non-Sense and Deception

by Vern Jacobs There seems to be a huge amount of non-sense and some outright deception about the impact of tax havens and the alleged abuse of tax havens. The following comments are offered as an attempt to provide some balance to the arguments of those who rail against U.S. persons with foreign income, particularly […]

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Tax shelters are like ice bergs…

… because the 10% on top is glistening and gleaming and looks wonderful, and 90% of it that is hidden is filled with unknown dangers. The history of tax shelters in the United States has at best, been dubious, and at worst disastrous. The biggest problem with a tax shelter is that it is intrinsically […]

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