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Did you now that many Caribbean countries, including Antigua and Barbuda, provide tax advantages for both investors and residents? These nations are known for having no capital gains tax and no inheritance tax, making them particularly beneficial for wealth management and estate planning. Antigua and Barbuda in particular, stands out as a prime destination for investors seeking a favorable tax position. This position not only simplifies financial planning but also enhances the potential for investment growth. Whether you're considering real estate, starting a business, or planning for future generations, Antigua and Barbuda offers a welcoming and financially beneficial environment. Reach out to #HarveyLawGroup to explore what this beautiful Caribbean Island has to offer! #CitizenshipByInvestment #RCBI #WealthManagement

Ireland’s economic success story stems from strategic low corporate taxes and flexible tax residency rules, attracting U.S. multinationals and fueling growth. This approach created jobs, developed a skilled workforce, and boosted infrastructure, but it also made Ireland heavily reliant on foreign companies. Inflated GDP figures, termed "leprechaun economics," highlight the economy’s dependence on multinational accounting rather than local growth. As global tax regulations evolve, Ireland faces the challenge of transitioning to an innovation-driven economy. With a skilled, English-speaking workforce and its position as a European gateway, Ireland’s long-term resilience depends on fostering homegrown innovation and business growth.

The article quotes Luxon as saying: "I really have a vision by 2040, I want New Zealand to be one of the leading, advanced, small countries on Earth," Luxon said. "For that to happen I want us to be more prosperous economically, I want us to be doing better socially and I want us to be delivering on our environmental goals and targets." Luxon might like Estonia’s 22% VAT rate and flat income tax rate or at least his puppeteer, Seymour, would. But I doubt if the PM would like corporate profits to be exempt from tax until distributed. He certainly won’t like the capital gains tax or land tax that Estonia has. Or its Exit charge on unrealised gains transferred out of the country. And if he looks to Ireland, he definitely won’t like the much more progressive income tax framework plus capital gains tax, inheritance tax and stamp duty. Both Estonia and Ireland have personal allowances for income tax as well. Given his rejection of tax reform, his “vision” is for NZ to somehow do it on the cheap. And in the meantime his policies seem purposively designed to accelerate socio-economic breakdown and non-achievement of environmental goals.

I don’t see any of Luxon’s 3 stated goals being achieved under current coalition policy. Their social good vision is rooted in white middle class orthodoxy which is no longer relevant while causing harm especially for lower socio-economic sectors; their environmental policy is obviously bent on reversing the gains and measures taken over recent years. Just listem to Shane Jones publicly promoting coal mining over rare native species survival. Look at the build-more-roads mindset while defunding public transport projects. And their economic approach so far is recessionary - mass layoffs in the public sector reduce GDP, and make everyone nervous about spending or investing. Public spending cuts might indeed be useful and necessary but there’s no growth in that. The scale of cuts will without doubt reduce services, another negative for social wellbeing.

“Dominic Volek, head of private clients at Henley & Partners, described the great millionaire migration as “a canary in the coal mine” for profound shifts in the global wealth landscape that could have significant effects on the countries they leave or adopt.” Emma Agyemang of Financial Times turns to experts Dominic Volek and Peter Ferrigno and our Henley Private Wealth Migration Report 2024 to understand and unpack countries such as the UK that are tightening tax rules for well-off foreigners, while others are competing to offer them a new home. #henleypartners #henleyandpartners #henleyglobal #financialtimes

The recent #Budget has brought #Tax and #InvestmentMigration to the forefront for UK HNW individuals’ planning and priorities. 🌎 Feel free to reach out if you’re interested in joining our conference, where we’ll be discussing these two important topics. 📍12 November 2024, Ironmongers' Hall, London Henley & Partners - The Firm of Global Citizens® #InvestmentMigration #GlobalMobility #ResidencyByInvestment #CitizenshipByInvestment #HenleyandPartners #MigrationSolutions

#Post 32 Financial Considerations for Expats: Managing Your Finances Abroad 🌍💼 Hi Everyone 👋 Living abroad brings exciting opportunities, but it also requires careful financial planning. Here are a few tips to manage your finances effectively as an expat:- • Know the tax rules in your new country 🧾 and see if you can avoid paying taxes twice. • Watch exchange rates 💱 and use multi-currency accounts to save money. • Explore investment options 📈 but check for tax issues back home. • Have an emergency fund 🚨 for unexpected expenses. By staying on top of these, you’ll enjoy your expat life worry-free! 🌍 #ExpatsFinance #TaxPlanning #CurrencyExchange #InvestmentStrategies #EmergencyFund #PersonalFinance #GlobalLiving #WealthManagement #FinancialPlanning #MoneyManagement #ExpatLife #SmartMoneyMoves #FinancialFreedom

Moving abroad is hard! Moving in general is hard...and when you move, you are typically juggling several competing priorities. Finances can easily get put on the backburner, and that's when mistakes are made! Here's a quick summary of the biggest mistakes we see US expats make when managing their finances abroad: 1) Not budgeting for higher taxes or taking into account the impact of their new tax residency. This includes looking only at income tax rates and not accounting for social security contributions, which can be significant throughout Europe. 2) Assuming that a Roth IRA is still tax-free outside the US. This is only true in a limited number of jurisdictions, including France and the UK. 3) Believing that US domiciled ETFs are just as tax efficient abroad as they are back home. In some jurisdictions, like Italy and the UK, US ETFs can cause significant tax issues. Most of these mistakes can be avoided with detailed research and speaking with a tax lawyer in your new jurisdiction before you move. If you are dealing with any of these issues, or need a sounding board for the financial implications of your move, feel free to reach out for a free consultation. #taxplanning #financialplanning #italy #france #portugal #spain #americanabroad #expatlife #mistakes #moving

Considering a move to Portugal? It's essential to factor in the financial implications, especially for high-net-worth individuals. With capital gains tax at 28% in Portugal compared to the U.S. maximum of 20%, planning ahead is crucial. Discover more details here: https://okt.to/Hkuzbj

What Should Returning Expats Do with Their UK Property? 🤔 If you’re an expat planning to return to the UK and currently own UK property, it's crucial to seek expert advice on how to manage your assets effectively! Your decisions should align with your personal and family goals, but it's essential to be aware of the different rules surrounding UK Capital Gains Tax (CGT) based on your residency status. A key consideration is the opportunity for non-UK residents to benefit from the April 2015 rebasing rule, which could significantly impact your tax liability. Before making any decisions, leverage my expertise to navigate these complex regulations. With the right strategy, you can explore multiple avenues to substantially reduce future tax obligations. Get in touch to ensure your financial plans are optimised as you prepare to return to the UK. – Omar Aswat CTA WWW.ASWATAX.CO.UK