Tag Archives: expat

  • Insider

    Important Consequences Of Expatriation

    Critical details you need to be aware of
    by Adam Taggart

    Friday, June 7, 2019, 5:15 PM


    Executive Summary

    • The nuts and bolts of expatriation, including the legal process of expatriation
    • The tax consequences of expatriation
    • The immigration consequences of expatriation
    • The pros and cons of U.S. investments once you expatriate
    • The tax consequences should you choose to spend more than a few months each year in the United States after expatriation

    If you have not yet read Part 1: A Primer For Those Considering Expatriation, available free to all readers, please click here to read it first.

    Expatriation: The Basics

    Once you’ve obtained a second passport and qualified for residence in another country, you can begin the legal process of expatriation.

    To do so, you must make an appointment with a U.S. consulate. You generally cannot expatriate within the territorial boundaries of the United States. The consular officer will explain the consequences of expatriation and have you sign some forms.

    Two or more appointments may be necessary to complete the process. At the end of whatever sequence of visits applies at the consulate you choose, you’ll then hand in your U.S. passport. Anywhere from several weeks to several months later, you’ll receive an official document called a “Certificate of Loss of Nationality” (CLN). With the receipt of this document, you will have officially relinquished your U.S. nationality.

    Income Tax Consequences of Expatriation

    Once you give up your U.S. citizenship and passport, you have no further obligation to pay U.S. tax on your worldwide income. However, U.S. law imposes an…

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  • Blog

    A Primer For Those Considering Expatriation

    Is considering expatriation or foreign citizenship right for you?
    by Adam Taggart

    Friday, June 7, 2019, 5:13 PM


    A growing number of Americans are frustrated with the way in which their economy has been managed and are becoming increasingly concerned about future measures the government may take to keep its coffers full.

    A question that’s arising with increasing frequency is: does expatriation offer a viable protection to those concerned about a more financially intrusive US system?

    The answer is ‘yes’, it does offer a completely legal solution for ending your obligation to pay US income, capital gains, and gift taxes on your worldwide income. But it is certainly not for everyone and should only be pursued after lengthy and diligent consideration.

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  • Insider
    ESB Professional/Shutterstock

    The Benefits & Challenges Of Maintaining A Retreat Property

    Be smart when making the decision to purchase one
    by charleshughsmith

    Friday, April 14, 2017, 10:18 PM


    Executive Summary

    • The matrix of factors to consider in a Plan B residence
    • What to know abot eacf of the five key factors
    • Not all second homes are fully functional
    • The challenges & benefits of maintaining two separate fully functional residences

    If you have not yet read Part 1: Does Your Plan B Include a Second Place to Live if Plan A Doesn’t Work Out? available free to all readers, please click here to read it first.

    In Part 1 we reviewed the three basic categories of Plan B Residences: temporary (to ride out an emergency); semi-permanent (to weather a recession/loss of income) and permanent (replacing Plan A residence with Plan B residence).

    In Part 2, we’ll consider a Matrix of Factors that will help us choose the inevitable trade-offs of costs and benefits, and add a category—permanent maintenance of two fully functional residences.

    The Matrix of Factors

    While there are many factors in any Plan B, I’ve pared the key factors in Plan B residences down to five: cost, control, security, depth of resources and functions enabled. Each is on a sliding scale from low to high. There are costs and benefits to each being low, medium or high.


    Let’s go over each factor.


    While cost measured by price is self-explanatory, this also includes opportunity costs (what else could have been accomplished with the money?), time (the hassle factor of how long it will take to get something done) and labor—how much labor must be invested to accomplish a goal.

    There is even a stress cost: how much will this goal/project add to my stress load? Even if the money needed is on hand, the overall cost can be high in terms of time, hassle, stress and opportunity cost.


    By this I mean ownership (of the land, the house, etc.), contractual control (of jointly owned assets, of any hired labor, etc.) and functional control, i.e. residency.  As many have discovered to their regret, it’s possible to have legal ownership/control but end up with effectively zero functional control, as your house might be occupied by squatters or family members who morphed from allies to enemies.

    Control is important because…

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  • Blog
    Jingran Hu | Dreamstime.com

    Rising Resource Costs Escalate Odds of Global Unrest

    The critical 40% income-to-food threshold
    by Chris Martenson

    Wednesday, May 14, 2014, 2:34 AM


    As we observe the growing unrest in Ukraine, there is the usual rush to ascribe a cause. Was it meddling by the West? Russia? Was it corruption by prior leaders? Simmering resentments that stretch back centuries that finally erupted?

    The answers apply to Ukraine as well as to many other countries. Which is why having an accurate framework, a clear 'lens' for seeing what is actually transpiring, will prove far more useful to you than 99% of what you will hear on the ni

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  • Blog

    Simon Black: The Most Sound Opportunities Are Outside the Western World

    by Adam Taggart

    Thursday, April 28, 2011, 4:35 PM


    “In the long run, as decades of capital misallocations and inefficiencies in the global economy get shaken out, there’s going to be a redistribution of the wealth. And I think the wealth is going to go to where it’s treated best.

    And at the end of the day, that’s really what I’m looking for: the places that have the most solid fundamentals and the best growth potential.”

    So states Simon Black, who travels the world (over 20 countries in the past 3 months) in order to assess and report on the investment and lifestyle opportunities offered by various international destinations for the readers of his blog, SovereignMan.com. His boots-on-the-ground observations lead him to conclude that there are a number of resource-rich and fiscally sound developing nations that are much better positioned to meet the future than the US and its developed counterparts. Smart investors, in his opinion, can’t afford to ignore the stability and returns (both financial and lifestyle) that these countries offer. They should be asking themselves: Do I have sufficient exposure to these opportunities?

    Click the play button below to listen to Chris’ interview with Simon Black (runtime 33m:25s):

    [swf file=”http://media.chrismartenson.com/audio/simon-black-2011-04-28-final.mp3″]

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    In this podcast, Simon details:

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