Dateline: Bogota, Colombia Over the last century, many countries have tried taxing the wealthy at higher rates. More recently, there’s been a lot of buzz about a global wealth tax. The virus has put a lot of countries in extreme debt, pushing the issue of taxing the...
Dateline: Bogota, Colombia Panama as an offshore jurisdiction has been front and center in recent years as a result of the now-infamous Panama Papers leaks. With all the attention Panama is getting, there’s bound to be some rumors and fiction spread around. But let’s...
Dateline: Bogota, Colombia The United States is well known as effectively being the only country in the world to follow its citizens wherever they go and not only tax them but impose income-generating regulations no matter where they live in the world—even if you...
Dateline: Bogota, Colombia Tax reform in the United States is a dangerous business. Before the highly anticipated “Trump Tax Reform” was finalized in 2017, there was talk of abandoning citizenship-based taxation and adopting the same residence-based system of taxation...
Dateline: Belgrade, Serbia For months, I have been urging people to wake up and realize how terrible things are becoming in California. I lived there early in my career and it was terrible then. Things have only continued their downward spiral. California has some...
Dateline: Belgrade, Serbia Moving your business offshore is a great way to go where you’re treated best and keep more of your own money by legally lowering your tax rate. Most people focus on income tax – how much money they can save now by going...
Dateline: Central Serbia After being in this business for so long, I have come across numerous different tax misconceptions. I’ve addressed several of them before, but there are so many that I could talk about these misconceptions for days. Today, I only want to...
Dateline: Kuala Lumpur Here at Nomad Capitalist, we’ve always encouraged people to go where they’re treated best, and if you’re a wealthy person with a high income, you should at least consider the opportunity to legally reduce your tax rate overseas. There are legal...
Dateline: Kuala Lumpur, Malaysia Have you ever dreamed of living on a sunny island in the tropics away from all the hustle and bustle where you can relax and enjoy life? It’s certainly an appealing idea. If you’re a Nomad Capitalist, you may have dreamed of this as...
Dateline: Kuala Lumpur, Malaysia When we think about tax-free countries, our brain often goes to the Caribbean, or Europe, where a web of historical treaties, legal exemptions, and whatnot has created many areas exempt from taxation. But one of our goals here at...
Dateline: Kuala Lumpur, Malaysia I’m all for paying my fair share in taxes, but curiously, what governments interpret to be “my fair share” is directly correlated with the government deficit. I appreciate the hustle and verbal dexterity on their part, but it’s not a...
Dateline: Kuala Lumpur, Malaysia When we help our clients create an offshore strategy for their Nomad Capitalist lifestyle, I find that there are many people who have a hard time telling the difference between a residence permit – a second residence – and their actual...