MY TAKE ON THE MASSIVE “PANAMA PAPERS” LEAK:
A good
percentage of smart Gringos and Expats living in Latin America have been
lucky enough to get their assets out of the US and the US banking
system. The see the writing on the wall and soon a desperate Big Brother
will slam that exit door too. Smart people know that with the passage
of FATCA, the bail-ins and the push for the cashless society, it’ll be
the depositor’s money in US bank accounts that becomes the source of the
next bank bailout...
MY TAKE ON THE MASSIVE “PANAMA PAPERS” LEAK:
A good
percentage of smart Gringos and Expats living in Latin America have been
lucky enough to get their assets out of the US and the US banking
system. The see the writing on the wall and soon a desperate Big Brother
will slam that exit door too. Smart people know that with the passage
of FATCA, the bail-ins and the push for the cashless society, it’ll be
the depositor’s money in US bank accounts that becomes the source of the
next bank bailout- probably not another QE. That said, using offshore
corporations and bank accounts have always been, perfectly legal ways to
do business, keep money and assets somewhat anonymous as well as
protected from confiscation and lawsuits etc. But now with the massive
“Panama Leaks” story the world sees how corrupt, sociopathic, scumbag
politicos and untouchable megabuck-jerks use these same legal tools to
hide and redirect their payoffs and ill-gotten public loot.
Unfortunately, with that breaking story everyone who uses these legal
and valuable tools are now being stained by the media with the same
brush…
BTW: hate to say I told you so but as I’ve said all along,
Panama’s been labeled such a high-profile money-laundering center- a
hot spot like Switzerland and the Cayman Islands- its naturally on every
first-world tax authority’s radar. That said, only clueless gringos
and Expats are nuts enough to bank or create Panama based corporations.
If you need to incorporate or do banking, there are so many nicer,
better, low key places in Latin America.
-INTERVIEW WITH AN EXPAT TAX PREPARER- PART ONE:
It’s
APRIL! Gringos and Expats are much concerned with filing their US taxes
and wonder who should prepare them. Today we have Part One of an
interview with a profession Expat tax preparer with over 600 Expat
clients. He lives in Medellin, Colombia so he knows the peculiarities
concerning Expats and US taxes and we’ll ask him tax questions that most
concern Expats.
-BE SURE TO CHECK OUT THE "EXPAT FILES" YOU TUBE CHANNEL: become a subscriber (it’s free!)
-CONSULT WITH JOHNNY- SCHEDULE A CELL OR SKYPE CALL:
Would you like a 1 on 1 personal Skype or phone consult with me? Set up
a time when we can talk and sort out your own specific Latin American
plans. Just write “CONSULT” in the subject line and send a short list of
your questions and talking points to: theexpatfiles@gmail.com
-Visit me Johnny (and Expat super-blogger John Galt) at our new joint website www.TheNewExpat.com . It’s where you’ll get real “boots on the ground” info, experienced expat blogs and reports.
ANNOUNCING JOHNNY’S JULY 2016
LATIN AMERICAN “INSIDER” SEMINAR
It will be held in and around Guatemala, Central America “off the Gringo tourist trail”, from Saturday July 9th thru Thursday July 14th. For full info and signup details and to get in on the “Early-bird” discount just click the link on top of the www.TheNewExpat.com main-page or email: theexpatfiles@gmail.com or, or click on the link below (or paste it in your browser)
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