Expat Files - 02.08.15

-Today we have some very rarely talked about news concerning one of the hot topics of the moment, Nicaragua- often touted by retirement rags as the next Costa Rica. Here we discuss some very disturbing news about Nicaragua’s president Daniel Ortega.

-Now more solid proof why Latin government leaders are corrupt, died-in-the- wool psychopaths, who, in any other chosen career or profession, would certainly end up on a prison rock pile. Come to think of it, that’s also 100% true in the first-world politics. Stateside government leaders are a bunch of ripe colostomy bags too.

-You’ve certainly heard the term “karma” and the that other glib phrase, “what goes around comes around”. Well, if you’re naive enough to believe that somehow “justice prevails”, you’ve yet to see how the Latin legal system works.

-Expats and income taxes in Latin America: 40% of working Latins are “off the books” and thus pay no income taxes at all while the rest of working Latins “on the books” pay 10% in taxes or less. Note that some Latin businessmen “on the books” pay almost no taxes either… depending on how their accountants and Lawyers arrange things. Just remember that tax evasion is a national sport in Latin America.        

            

-Do follow the link on the main page at www.ExpatWisdom.com to schedule a private phone, Skype or Mumble consult with me. If you want to discuss the details of living, working, playing, doing business and/or retiring in Latin America, we can talk about your situation one on one.