Like individuals and businesses, countries are also at competition with one another to capture the constant migration of foreign capital and productive people. That's why the U.S. offers generous tax breaks for foreign investors. And why most Caribbean islands don't tax foreign income at all. And why Spain, Greece, and Latvia offer immediate residency to those who purchase a qualifying property.
In Latin America there are very few discount airlines that service the region. Most flights in South America will cost you an arm and a leg, unless you know the ways to minimize your travel costs in the region.
Politicians, the world over, are forever seeking justification to raise taxes. One clever approach to justifying a tax increase is the modern claim by politicians that one group or another must pay its "fair share." The magic of this term lies in the implication that, somehow, until now, the group in question has not been paying its fair share.
You are technically a slave when 100% of the fruits of your labor is taxed or otherwise confiscated by force. For some people in France, it is dangerously approaching that threshold and causing them to renounce their citizenship. Gerard Depardieu is literally the concept of “capital flight” personified.
Since the land of the free and home of the brave isn't looking so free or brave these days, a lot of rational, educated, and inspired people have been deciding to look for greener pastures abroad and parts of Latin America and Asia seem to the preferred locales. In Latin America, Panama, Ecuador, Uruguay, and Chile have been attracting the most attention.
Fed Chairman Ben Bernanke famously gave a speech in 2002 suggesting that if there is deflation, it may be cured simply by dumping new currency from helicopters. The comment was so unnerving that much of the rest of the speech failed to generate much discussion, yet, in it, Mr. Bernanke revealed other points from his philosophy on dealing with deflation that most certainly deserved review.
From the perspective of an American company, what markets provide particularly compelling opportunities today?
The HSBC debacle provides another striking example of the political risk and double standards that exist within US jurisdiction. HSBC execs got off with no criminal charges for the victimless "crimes" of money-laundering and doing business with countries the US doesn't like. "Crimes" that likely would have landed anyone else in prison for decades.
If we have a brief look back at the Great Depression, what essentially led up to it, then triggered it, we may see some similarities to our present situation. If we then observe how the world’s governments dealt with the situation, we may possibly gain some insight as to what they will do this time and, more importantly, what the outcome may be this time.
In this article we’ll take a quick look at the current economic landscape in Argentina and see why business and property owners in Uruguay are nervous, while investors with cash wait to see what opportunities will arise from Argentina's next decennial default.
A 23-year old university student who lives in the United Kingdom who has never been to the US and runs a website with servers based in Sweden is facing extradition to the US for copyright infringement. How in the world could the United States government make a case against him, and enforce its laws against a foreign citizen like this? Because he used a .com domain name.
A couple of items in the news last week provided illustrations of political risk – i.e. the ability of governments to seize assets within their jurisdiction at the flip of a switch. It is the risk that you take by locating anything of value within any single jurisdiction, whether it’s your business, your savings, or yourself.
As we all observe the Great Unraveling, the slow slide into the second half of the storm that some of us regard as the Greater Depression, an increasing number of people, particularly in Europe and the US, are asking how this will all play out. How will I know when it is time to get out?
While it’s difficult to say which area of Chile is the best, it’s hard to deny that buying property in the regions just south of Santiago makes the most sense, either for a return on investment or for a place that you might want to someday call home.
Since the 2007 credit crisis, August has been a cruel month for Russian equities, delivering significant losses every year except 2009. This year, however, Russian stocks have slightly beaten the Emerging Markets (EM) in August, and extended their out performance into the first half of September as well.
Nobody paying attention should have been surprised last week when the US government effectively shut down for US citizens Intrade, the popular website that lets users bet on the outcome of future real-world events. This illustrates yet another example of the need for Americans to internationally diversify, and the increasingly smaller world for them.
Why democracies are doomed to die.
As European governments become more desperate to find ways to attract wealth and investment to their nations – having squeezed their own citizenry dry (and illustrating exactly why those born into any seemingly prosperous nation should still diversify internationally, as when things turn bad they often do so quickly) – they are increasingly opening the doors to foreigners with a little extra cash.
The President of the United States has arguably greater power than any other person on earth. This power which can be wielded for good or for ill, and as history has repeatedly shown, by making a statement, whether true or not, the President can sway the population toward certain desired goals. Jeff Thomas gives evidence of this from the past and begs the question about future possibilities.
Can Keynes' followers recognize the fundamental truth of another insightful culture commentator's observation?
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