063: Yasmine Åkermark, Reducing Your Taxes, The Businesses Andrew Misses
Andrew dives in on some of the common questions he receives about taxes. People are always wanting to reduce their taxes, but sometimes they’re completely unwilling to change their current lifestyle to make that happen. How can you reduce your taxes without...
Factoring business costs: Social security taxes in the US, Canada and Europe
Dateline: Tbilisi, Georgia Just a couple of weeks ago we talked about how seniors can still receive their Social Security benefits while living overseas. After all, those who’ve paid into the system their whole life should enjoy the benefits in retirement, no matter...
These 39 countries have all reduced taxes on business lately
Dateline: Kuala Lumpur, Malaysia I read a recent headline here that suggested that while some Malaysians are concerned about the country’s ongoing lowering of tax rates on individuals and businesses, most (not all, of course) realize it is a way to bring more...
The five best world cities with the lowest taxes on business
Recently, Big Four accounting firm KPMG conducted a study of tax competitiveness among fourteen major countries, as well as 55 international cities within those countries. The goal was to correlate the actual corporate income tax, capital tax, sales tax, property tax...
How to Avoid Paying Taxes: Tax Evasion vs. Avoidance
Dateline: Kuala Lumpur, Malaysia Believe it or not, we get a lot of messages about big tax bills. Our helpdesk is often flooded with people who’ve found out exactly what personal and corporate tax rates are going to do with the income from their incredibly successful...
Why I Hate Easy Taxes, Passports, and Banking
Dateline: Mexico City, Mexico Easy is a word that is used . . . well, too easily. From time to time I talk about how something I did was easy. For instance, I’ve talked before about how easy it is to open a bank account in Georgia. But I’ll be the first to admit that...
How To Pay Less Taxes: 5 Offshore Methods
Dateline: Mexico City, Mexico When most people think of how they can structure their lives so that they don’t have to pay taxes, their first thought is that they have to go live in Dubai. Surprisingly, this just isn’t the case. There are more ways than you might...
9 Types of Taxes To Avoid when Moving Offshore
Dateline: Tbilisi, Georgia There are so many different types of tax that you have to consider when you’re living and traveling all around the world. In fact, we all deal with these nine different types of tax on a frequent basis. And if you’re only...
Stripe Atlas: A Bad Idea for Online Businesses
Dateline: Le Morne, Mauritius My parents never gave me an inheritance. They weren’t in the habit of handing out money simply because they had it. Instead, they gave me two invaluable principles for both life and business that have helped me make more money than they...
Form 8858: US Taxes on Foreign Disregarded Entities
As an expat or U.S. taxpayer who owns a foreign business or an interest in a foreign business (corporation, partnership or LLC), there are a number of forms that you must complete and file with your standard 1040F income tax return. These forms are typical...