Global Intelligence
By Michael Snyder I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this. When discussing the national debt, most people tend to only focus on the amount that it increases […]
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The American corporations labeled unpatriotic for exploiting loopholes to avoid US taxes may see the so-called tax inversion schemes much less lucrative with the new rules announced by the US Treasury to crack down on the practice. The American corporations labeled unpatriotic for exploiting loopholes to avoid US taxes may see the so-called tax inversion […]
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When the IMF suggests increases in tax rates potentially as high as 71%, we should listen. The IMF has been at the forefront of global financial political agendas such as the one world currency (SDRs), default of the USD from the Gold standard (thus creating Forex market), and the backing of international ‘death’ loans as […]
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The US tax code has over 4 million words, since 2001 Congress has made over 5,000 changes to it. It’s the equivalent of 7x the words from War and Peace, and 4x the number of words in all Harry Potter books combined.Each year taxpayer advocate Nina Olsen prepares a report and delivers it to Congress, […]
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While FATCA was signed into law in 2010, many of the rules didn’t come into effect until 2013. Now many US Citizens living abroad are feeling the effects of FATCA. Also a ‘blowback’ effect has occurred, many foreign institutions not willing to deal with the complexities of the new rules have simply chosen to ban […]
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One hedge-fund manager, Pascal Forest, has taken the additional step of setting up his firm, Forest Investments LLC, in San Juan. Forest, a former portfolio manager at London-based BlueGold Capital Management LLP, said the tax incentives played into his decision to move to the island, as did his wife, who is Puerto Rican and wanted […]
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Submitted by Simon Black of Sovereign Man blog, It’s become almost cliche these days to point out how many governments are broke beyond belief. In Japan, where the country’s debt level already exceeds 200% of GDP, the government has to finance 46% of its budget by issuing more debt. In the United States, the governments […]
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German Chancellor Angela Merkel’s choice of coalition partner will play a key role in deciding how far the foreign-exchange market is burdened by a proposed financial-transactions tax in 11 European Union states. Merkel, who last year backed a European Commission plan for a broad-based tax on trades in stocks, bonds, derivatives and other assets, is […]
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The US Tax system is one of the most complicated and least understood in the world. Yet it’s really very simple. But like with everything American, capitalism has made a business out of tax preparation ‘the tax industry’. First, let’s understand a key difference between TAX AVOIDANCE and TAX EVASION. Tax Evasion is ILLEGAL, and […]
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Sep 18, 2013 – 09:37 PM GMT By Nick Giambruno, Editor, International Man When I hear about strategies that purport to legally allow US citizens to avoid having to pay income taxes, the first thing that usually comes to mind is that it is some sort of dodgy cockamamie scheme. This is because the US […]
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