Posts Tagged ‘Offshore Bank Account’
Is Going Offshore Illegal?
Tax avoidance has been getting a lot of bad rep lately. Governments around the world are concerned about the tax revenues being collected and how certain corporations aren’t paying as much tax as they should be paying. The resulting narrative has been one where people have begun confusing tax avoidance with tax evasion. There is…
Ireland: A Lesser Known Tax Haven
Historically speaking, the Irish have actually been really defensive about the claim that Ireland is a tax haven. Although I find it really surprising that a place offering higher degrees of economic and financial liberty would ever be ashamed of it, I’m more surprised at the connotation attached to the word Tax Haven. Countries like…
Asset Protection Strategies for the Ultra Wealthy: Applying the Flag Theory
Protecting Yourself from the State: Combining Economics with Legality through Flag Theory
Expat Offshore Banking: The Advantages for US Expats
Some countries just have far more stable and profitable banking systems than others. These banks offer significant financial advantages to investors because either they offer higher interest rates or politically stable environments. For these reasons, you might want to consider moving some part of your finances abroad to enjoy the benefits of an offshore banking…
Foreign Earned Income Exclusion: What US Expats Need to Know
Although the United States government taxes all of its citizens whether they live within the States or abroad, it’s possible for you to get foreign earned income tax exclusion. This tax concession offers US citizens a concession of up to $103,900 in taxes. In order to qualify for the Foreign Earned Income Tax exclusion, you must…