Stumbled across an interesting chart in the McKinsey Quarterly. Liquefied natural gas (LNG) exports from North America are now among the world’s low-cost gas producers, thanks to recent advances in recovering shale gas. They now compete mostly with projects in Africa, Australia, and Russia. The article didn’t mention Trinidad (given it’s a relatively small player […]
Looming Threat to LNG Exporters like Trinidad Read More »
In 2012 Facebook cofounder Eduardo Saverin gave up his US citizenship (known as Expatriation) and now resides here in Singapore. Since then, more attention has been paid to the Federal Register of Americans who give up their citizenship. In 2013, about 3,000 Americans handed back their U.S. passports or green cards to end their citizenship
Americans are giving up their Passports and Green Cards Read More »
Interesting reading on Singapore from the Swissinfo website. I guess the Swiss are looking for company and are seeking to pull Singapore into their spotlight. http://www.swissinfo.ch/eng/business/Tax_evasion_controversy_shifts_east.html?cid=37871674 Having taken over the mantle of the world’s fastest growing wealth management magnet from Switzerland, Singapore should now take centre stage in bringing the industry out of the shadows,
For most, a PFIC is not necessarily a good thing. PFICs are subject to complicated and strict tax guidelines by the Internal Revenue Service (IRS), which covers treatment of these investments in Sections 1291 through 1297 of the income tax code. Both the PFIC and the shareholder must keep accurate records of all transactions,
Avoiding the sting of PFIC classification Read More »
“Jus soli” (the law of the soil) is a rule of common law followed by the United States, under which the place of a person’s birth determines his citizenship. In addition to common law, this principle is embodied in the 14th Amendment to the US Constitution which states, in part, that: “All persons born in
Renouncing US Citizenship if the Individual is a Minor Read More »
I love Scotland. It is one of the most beautiful countries on Earth as far as I am concerned. The time I spent at the University of Aberdeen in the North East of Scotland is among the most memorable times of my life thus far. Later this year, Scots have a tough choice to make.
Thinking About Scotland Read More »
In summary….“three independent tax-return preparers contend that the IRS’s new regulations exceed the agency’s authority under the statute. The precise question is whether the IRS’s statutory authority to “regulate the practice of representatives of persons before the Department of the Treasury” encompasses authority to regulate tax-return preparers. The District Court ruled against the IRS, relying on the text, history, structure, and context
I. R. S. loses again… Read More »
Tyler Durden calls it yet again… In the years since the Financial Crisis, major Central Banks have been engaged in incredible easing programs that included the injection of massive amounts of liquidity into the financial system. That liquidity had to go somewhere, and in a search for yield, much of it went indiscriminately into Local Markets.
Emerging Market Volatility and Fed Tapering Read More »
Many people hire a professional when it’s time to file their tax return. If you pay someone to prepare your federal income tax return, the IRS urges you to choose that person wisely. Even if you don’t prepare your own return, you’re still legally responsible for what is on it. Here are ten tips to
Top Ten Tips to Help You Choose a Tax Preparer Read More »
Met up with a Financial Planner last night. A good guy and we had a great conversation. He spoke quite confidently about the ongoing ‘economic recovery’. As I listened, my mind couldn’t help but think of US stocks being hammered on Monday, with benchmark indicators falling…heightening concerns about the economy before Friday’s monthly jobs report.
The Importance of Critical Thinking Read More »