Perhaps these are the reasons why Uruguay and Panama are working so hard to become expat havens for industrious Europeans and North Americans who want to invest and grow the value of both countries fundamental economies. Sovereign Society is highly respected and was referred to me by a very successful British businessman I know and has been helping open up USA investors eyes to the potential of offshore and global investment opportunities for decades now. Brits being a small island nation have always had a global perspective regarding investments and diversification and Forums like RVF open young men's eyes from around the world to the new Global possibilities.
No place is perfect not even New Hampshire with 0% Sales Tax and 0% State Income tax (There is a 9% business profits tax in NH but as an LLC you can pretty much write off your entire lifestyle to Marketing and Promotion even barbecues at your home or vacation cottage are deductible if there are any biz discussions taking place not to mention your car and truck and van leases trips so one reason LLCs show so little profit - why pay taxes if you can spend money on deductible advertising and social media promotion instead? I am basically a New York and Boston guy who likes the low tax advantages of New Hampshire (There are a lot of New Yorkers secretly opening up distribution here in low tax NH to serve NYC an get an edge - I met one guy who rented a local warehouse cheap and buys low tax Coke and Pepsi and then drives it each day into Manhattan using retired NYC police officers who no one effs with and even with high gas prices makes a larger profit margin than he can operating in the 5 boroughs) - that said if you add the new Obama federal tax rate on income of 39.6% plus California 10% Income Taxes or NYC City State and County taxes and $50 Tolls any time you want to drive anywhere 0% tax on offshore income looks like a good idea. Trump still lives in NYC but he is clearly hedged with offshore asset protection strategies in Panama City Panama as well.
Point is in most parts of the USA you are now looking at a success tax of Nearly 50%+/-... once you set yourself up for location independent living this 50% wealth and success tax will severely restrict your ability to accumulate long term wealth and build your legacy by crushing your compound returns compared to Ireland at 15%, Switzerland at 16%, Russia at 13% negotiable or Uruguay which offers a zero tax rate on foreign income… and the freedom to open bank accounts in Uruguay that pay up to 700% more than U.S. banks… and a place with a safe and stable social and economic environment…
Face it savers and retirees are getting hammered - One Million USD in any USA Bank Account is earning less than 1% interest or less than 10K when shadowstats.com real CPI of 6% inflation that means your money in bank passbook CD or money market accounts is losing a relative 4% to 5% a year in real buying power in a zero interest rates environment. 7% in Uruguay banks on a $1M nestegg is actually a living retirement income and you can still get your Social Security and pensions directly deposited in Bank Cards you can use in Uruguay or the USA.
As far as Hamas and Hezbollah are concerned they are in Canada, the USA and Mexico and most of Latin America just like missionaries of old - their mission is a bit more sinister - welcome to the year 2013 - yet Trump built a Trump tower on the ocean in Panama City Panama - he only builds where he sees positive 30+ year time horizons to see a solid return on his investments. Love him or hate him he is a survivor and a success in one of the toughest cities on the planet NYC and he built in Panama City Panama looks like even Trump executing asset protection strategies in case the Obama Administration decide to Cyprus all our bank accounts too - what does Trump know that we do not? Perhaps he reads Sovereign Society and knows their work as well?
http://sovereign-investor.com/2013/03/19...k-account/
Uruguay located between the the thriving BRICS member Brazil, and expanding economies in Argentina and Chile which are all doing quite well with liberalized free market economies - Chile basically now being the winter California fruit and wine basket - the region and Panama and Uruguay looks like it might be a good place to protect a nest egg and legacy from increasingly rapacious USA and EU wealth and success "tax it to you" government employees attitudes in all USA Towns, Cities, Counties, States and Federal Government who all want phatter plush padded pensions and platinum health care for life and more more more taxes and fees from YOU. Something to at least consider imho.
No place is perfect not even New Hampshire with 0% Sales Tax and 0% State Income tax (There is a 9% business profits tax in NH but as an LLC you can pretty much write off your entire lifestyle to Marketing and Promotion even barbecues at your home or vacation cottage are deductible if there are any biz discussions taking place not to mention your car and truck and van leases trips so one reason LLCs show so little profit - why pay taxes if you can spend money on deductible advertising and social media promotion instead? I am basically a New York and Boston guy who likes the low tax advantages of New Hampshire (There are a lot of New Yorkers secretly opening up distribution here in low tax NH to serve NYC an get an edge - I met one guy who rented a local warehouse cheap and buys low tax Coke and Pepsi and then drives it each day into Manhattan using retired NYC police officers who no one effs with and even with high gas prices makes a larger profit margin than he can operating in the 5 boroughs) - that said if you add the new Obama federal tax rate on income of 39.6% plus California 10% Income Taxes or NYC City State and County taxes and $50 Tolls any time you want to drive anywhere 0% tax on offshore income looks like a good idea. Trump still lives in NYC but he is clearly hedged with offshore asset protection strategies in Panama City Panama as well.
Point is in most parts of the USA you are now looking at a success tax of Nearly 50%+/-... once you set yourself up for location independent living this 50% wealth and success tax will severely restrict your ability to accumulate long term wealth and build your legacy by crushing your compound returns compared to Ireland at 15%, Switzerland at 16%, Russia at 13% negotiable or Uruguay which offers a zero tax rate on foreign income… and the freedom to open bank accounts in Uruguay that pay up to 700% more than U.S. banks… and a place with a safe and stable social and economic environment…
Face it savers and retirees are getting hammered - One Million USD in any USA Bank Account is earning less than 1% interest or less than 10K when shadowstats.com real CPI of 6% inflation that means your money in bank passbook CD or money market accounts is losing a relative 4% to 5% a year in real buying power in a zero interest rates environment. 7% in Uruguay banks on a $1M nestegg is actually a living retirement income and you can still get your Social Security and pensions directly deposited in Bank Cards you can use in Uruguay or the USA.
As far as Hamas and Hezbollah are concerned they are in Canada, the USA and Mexico and most of Latin America just like missionaries of old - their mission is a bit more sinister - welcome to the year 2013 - yet Trump built a Trump tower on the ocean in Panama City Panama - he only builds where he sees positive 30+ year time horizons to see a solid return on his investments. Love him or hate him he is a survivor and a success in one of the toughest cities on the planet NYC and he built in Panama City Panama looks like even Trump executing asset protection strategies in case the Obama Administration decide to Cyprus all our bank accounts too - what does Trump know that we do not? Perhaps he reads Sovereign Society and knows their work as well?
http://sovereign-investor.com/2013/03/19...k-account/
Uruguay located between the the thriving BRICS member Brazil, and expanding economies in Argentina and Chile which are all doing quite well with liberalized free market economies - Chile basically now being the winter California fruit and wine basket - the region and Panama and Uruguay looks like it might be a good place to protect a nest egg and legacy from increasingly rapacious USA and EU wealth and success "tax it to you" government employees attitudes in all USA Towns, Cities, Counties, States and Federal Government who all want phatter plush padded pensions and platinum health care for life and more more more taxes and fees from YOU. Something to at least consider imho.