Expatriation Reasons: It’s Not What You Think
The year is 1633, and a respected old man finds himself on trial for his life. His crime? Writing a book, the product of more than 20 years of research and study.
The year is 1633, and a respected old man finds himself on trial for his life. His crime? Writing a book, the product of more than 20 years of research and study.
Mark shares with you a recent conversation he had with Chris Kalin of Henley & Partners, the global leader in citizenship and residence planning. Read below to find out about Chris and his firm, as well as an opportunity for you to learn firsthand about a unique citizenship opportunity.
Did you know you can charge an iPhone with just an onion and a glass of Gatorade? “Really?†you say. No, that’s a fib, although...
Imagine for a moment that you and your wife operate a successful business refurbishing and selling used medical equipment. One day, you receive a letter from a federal prosecutor informing you that the business is the target of a criminal investigation. The prosecutor demands...
Do you remember when policemen were called “peace officers� I do. In the small West Virginia town where I grew up, police work consisted mainly of community-oriented engagement, not unlike what you might see on The Andy Griffith Show.
Have you ever wondered what really goes on behind the scenes at Transportation Security Administration airport checkpoints? Wonder no more. Recently, a former TSA screener wrote a tell-all article for Politico Magazine describing how America’s airport security apparatus actually works.
A recurring theme in my work is that Big Brother and big business conspire against the interests of ordinary citizens in countless ways. And just last week, I discovered another example. An article in a respected scientific journal confirmed...
Imagine you’re cruising down the highway, top down, your favorite song on the radio. Then you notice the blinking lights behind you. You get pulled over for doing 80 in a 65 mph zone.
Every year, my associates and I help clients get a second citizenship (and the passport that goes along with it). And one of the questions that I hear most often is: "Will the US government know I’m doing this?" Officially, the answer is "no." But that’s not a complete answer...
The newest passport scam that has come to my attention recently is for Mexico. The Mexico "program," as the company offering this scheme calls it, can be completed in four months and with only two visits to the country.
Pop icon Tina Turner has just joined a multitude of famous – and not so famous – expats. Having recently acquired Swiss citizenship, Turner, a long-time resident of the canton of Zurich, voluntarily "relinquished" her US citizenship and passport.
FATCA, otherwise known as the Foreign Account Tax Compliance Act, is one of the most arrogant and one-sided laws ever passed by Congress. I've written quite a bit about it in the past, almost always on how it negatively affects the average American trying to do business offshore. Today, though, I actually have some good news to report.
Little by little, Bitcoin is winning individual users all across the planet. But something else is happening at the same time: Bitcoin is emerging as the anti-dollar. To the many countries and businesses that have been abused by dollar tyranny, Bitcoin provides a path of escape.
The politics of economic citizenship programs can be ugly. But occasionally, I find something in the works that makes me smile.
For me, one of the most ironic aspects of the Edward Snowden spy scandal is watching the reaction of foreign governments to it. Top-secret documents Snowden leaked to the press reveal that the US National Security Agency monitors phone calls, e-mail messages, and other electronic data in many countries.
If you follow the offshore scene, you may have heard about the proposed new economic citizenship program in Malta, an island nation in the center of the Mediterranean.
In the 28 years I've worked in the offshore investment arena, I thought I'd heard every possible piece of bad advice clients could get. But one came up recently that takes the cake.
According to a recent poll by research firm Rasmussen Reports, fully 9% of the U.S. population has considered "expatriation." These are truly shocking numbers—nearly one in ten Americans thinking about giving up their birthright.
If you live in the eastern USA, you've probably encountered an automatic toll-collection system called "E-Z Pass." No need to stop. No need to fish for quarters in your pocket. And no need to roll down the window to confront the often grumpy tollbooth attendant. No wonder E-Z Pass is popular! Indeed, about 25 million drivers in 15 states now use E-Z Pass. Now for the not so easy to stomach side.
Foreign banks, brokers, and trust companies are falling head over heels in their rush to get rid of as many U.S. clients as possible.
Thanks to secret documents released by NSA whistleblower Edward Snowden, we know that the U.S. government routinely monitors email messages, chat sessions, voice sessions, what sites we visit, what we buy and on and on... But when it comes to personal privacy, there's another group out there that makes the NSA look like simpletons.
Don't get me wrong – I hate government interference in my daily life. I hate how the state slithers into every aspect of our lives, takes our production in the form of taxes and generally bullies us around however they like. No doubt you do too.
As you may know, the latest quarterly statistics on "expatriation"—i.e., renunciation of U.S. citizenship—were published just a few days ago. A total of 1,130 names appeared in the latest list, which happens to be many more than any previous quarterly total, and more than the total number of expatriations reported in all of 2012.
By some estimates, more than two-thirds of company-provided computers in the U.S. are monitored by employers. If you work for such a firm, every email you send, every cute and crazy cat video you watch on YouTube, and every Google search you make is tracked, catalogued, and archived somewhere in the system.
If you think your U.S. citizenship gives you the right to a U.S. passport, think again. The government has several ways to cancel or refuse to renew your passport.
Acquiring a passport in another country and then expatriating—giving up your U.S. citizenship and passport—is a very serious decision. If you change your mind and want to return "home" to the United States, you might not be able to.
It can... at least when it wants to ensure you're paying your taxes. Even though it goes against one of the hallmarks of the Bill of Rights, which reads:
If you don't trust U.S. banks to protect the monies you've deposited with them, you're hardly alone.
The United States is one of only two countries (the other is Eritrea, a military dictatorship) that taxes its citizens and long-term residents, no matter where they live. Even Americans who haven't lived in the United States in decades must pay tax on their worldwide income as if you never left. What's more, they must comply with complex reporting obligations, with violations subject to draconian civil and criminal penalties.
Whistleblower Edward Snowden needs to disappear if he is to avoid kidnapping, assassination, extradition, or deportation to the United States. If you're ever faced by a situation in which you need to disappear, right away, what would you do?