The unelected bureaucrats at the EU think low-tax nations like Luxembourg should be forced to surrender their sovereignty to help high-tax nations like France and Germany prop up their inefficient welfare states.
I did it. I recently moved down to the Island of Enchantment with my family. But it wasn't just the sunny skies, year-round warm weather, and beautiful ocean beaches that drew us to Puerto Rico; it was the incredible tax breaks that are not available anywhere else in the world.
By Nick Giambruno - It is far better to deal with the burdens associated with internationalization than to leave your savings, your income, and yourself in range of a desperate government’s wrecking ball.
Tax Freedom Day is the day of the year that the average person has in theory earned enough money to pay their annual tax bill. I thought it would be useful to look at when Tax Freedom Day occurs across the world to gain some perspective.
If you are a US person who has a financial interest or signature authority over foreign bank accounts, securities accounts and/or other financial accounts you probably have to report them to the US government on multiple forms. The penalties for failure to file are onerous.