Passport to Tax-Free International Living

Rating:
Summary: Live in Paradise and Cut Your Taxes
Review: Consider, for example, a tiny nation, nestled in the mountains between France and Spain, with no army, no poverty, and no income taxes. Here, in what has been called "the shopping amll of Europe," you can enjoy a high-quality of life for much less than you'd pay in America. (Property taxes, for instance, are a maximum of $240 a year.) There's virtually no unemployment. And the crime rate is the lowest in Europe.

Or, there's America's largest trading partner, which UN economists have judged the best nation in the world in which to live and work. A land of wide-open spaces, low crime, a clean environment, comprehensive shopping, affordable housing, and excellent government services. (You can travel there without a visa, or even a passport.) And best of all, Americans who follow Starchild's recommended procedures can escape taxes altogether.

Or perhaps you'd prefer a small European enclave on the shore of a beautiful lake, with uncontrolled access to Switzerland and Liechtenstein (two great asset havens). As a resident, you pay no income tax or local tax. Municipal services are paid for by profits from the local casino. The region boasts lakes and winter sports, and is only an hour away from the cultural activities of Milan, Italy.

If you're a retired investor, author, musician, or inventor, you may qualify to reside in a unique Mediterranean island nation that's also a popular tourist destination. Your income from foreign investments or royalties is taxed at a low rate of only 5%.

There are also many beautiful sun-drenched Caribbean isalnds you could make your home.

Or, if you have a yearning to live at sea, Starchild tells you about using a yacht as your personal residential haven.

All these places are available to you. And many more besides. And you can find them all featured in Passport to International Living.

Rating:
Summary: An offshore book with an exciting difference
Review: I really liked this book. Unlike books that talk only about financial privacy and tax havens, the author goes into issues of lifestyle privacy, health record privacy, insurance information, and mentions specific top quality banks and insurance firms that provide services offshore (with their contact information).

Perhaps most meaningful of all is that the author actually lives offshore, but is retired. So he writes about what he knows and practices, while so many so-called offshore books are written by American service providers who have something to sell you but don't actually live the lifestyle. This author has nothing to sell you, but lives the offshore life. He has been writing about these subjects for some 25 years -- I've read his 1970s books -- and most other books can't come close.

Rating:
Summary: A good strategy for 2001 and after
Review: Owning property or a business outside the U.S. could become a private alternative to storing wealth in a foreign bank or securities account that has to be reported to the IRS. New regulations effective on January 1, 2001 require foreign banks to report U.S. securities owned by American clients.