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Uruguay is widely known for its exceptionally frugal former president, José ‘Pepe’ Mujica, a farmer and former revolutionary who was in office from 2010 to 2015. What the country is not known for, however, is its tax incentives. Let’s get into the details below… Caveat Emptor: We are not professional tax advisors and
This information is general guidance and is not tax advice. Before acting, please consult a qualified financial and legal advisor familiar with your particular situation. With every US presidential election, there are thousands of people – on both sides of the aisle – who threaten that they’ll renounce their citizenship and leave the
As our founder, Simon Black is fond of saying, legally reducing your taxes is the highest investment return you’ll ever make. If you’re American, Uncle Sam will want to take a bite out of your earnings no matter where in the world you live. But nonetheless, most people can unlock some powerful tax
Who wouldn’t like to pay zero personal income taxes? (We certainly would!) If you’re open to moving to another country – and give up your citizenship, if you’re American – then this could be your financial reality, too. In today’s episode, we look at ten countries with no personal income tax, along with
Every year the IRS publishes a detailed report on the taxes it collects. And the statistics are REALLY interesting. A few weeks ago the agency released its most recent report. So this is the most objective, up-to-date information that exists about taxes in America. This is important, because, these days, it’s common to
In 1969 while testifying to Congress, US Secretary of the Treasury Joseph Barr called out 155 Americans who were not paying their “fair share” of taxes. Those 155 Americans had managed to reduce their federal tax liability to essentially zero by using perfectly legal deductions and credits in the tax code. Congress was
Portugal’s Non-habitual Tax Residency (NHR) program is fairly famous – and very much in demand. But Greece’s offering is nothing to be sneezed at either. Today, we look at three of the country’s most attractive tax incentives that might put Greece on the top of your Plan B list… Three attractive tax incentives
Want to move to Spain, but not thrilled about their heavy-handed taxes? With the so-called Beckham Law – named after football superstar David Beckham – there is a way to move to Spain for up to six years without your tax bill sky-rocketing. Let’s get into the details below… Practically everyone loves Spain:
You’ve got to hand it to these people– Congress really knows how to bring out the holiday cheer. They have some sort of pathological need to pass the most absurd legislation at the VERY END OF THE YEAR giving people very little time to react. Two years ago, for example, they passed comprehensive
Yesterday, I was looking at commercial properties for an Opportunity Zone investment… and one project in particular is really attractive. The building itself is inexpensive– only a couple of million dollars to buy it and a few more to renovate. Frankly, for a large spacious office building in one of the best neighborhoods
In 1993, William Kurt Hauser, a San Francisco investment analyst, presented his results from an incredibly interesting study. Hauser had analyzed tax revenues in the United States over time and came to the conclusion that tax revenue as a percentage of GDP had remained around a narrow band of 19% since 1946. That
On September 11, 1791, sixteen men disguised themselves as women and waited patiently in a forest outside of Pittsburgh, Pennsylvania for the local tax collector. The tax collector’s name was Robert Johnson. And he was tasked with collecting the new Whiskey Tax that had recently been signed into law. This was -very- early
Bill Gates and I don’t agree on taxes. He says that he should pay more. And I consider it my moral duty to pay as little tax as possible. I don’t want to fund the government’s destruction, corruption and waste. But in an interview with Fareed Zakaria, Bill Gates did echo my Universal
Last month, Chicago hedge fund billionaire Ken Griffin spent $238 million on a condo in New York City. It was the most expensive home ever sold in the US (but only one piece of Griffin’s massive, luxury real estate portfolio). Good for Ken… he’s incredibly wealthy and can spend his money however he
If you’ve been reading Notes from the Field for any period of time, you know I don’t like paying taxes. That’s why I’m living in Puerto Rico today paying almost nothing. And no, it’s not because I’m doing anything illegal. Puerto Rico is one of the most incredible LEGAL tax havens in the
