084: Rethinking Offshore Investing: Why Americans Should Be Open – Mark Nestmann
WHAT WE DISCUSSED IN THIS INTERVIEW:
- Negative View Towards Offshore Investing: US citizens often have negative attitudes about living and doing business overseas due to lack of travel experience and media portrayal of tax evasion.
- Tax Havens: The USA is seen as the largest tax haven due to FACTA and lack of information exchange. Many Americans abroad face higher taxes and banking challenges.
- Living Abroad: Despite higher taxes, many Americans move abroad for unique opportunities and personal reasons. Popular destinations include Canada and Mexico.
- Challenges: Cultural adjustment and logistical challenges are common for Americans relocating abroad.
- Tax Filing: Only a small fraction of Americans abroad file tax returns, raising concerns about tax evasion. Options exist for those who haven't filed.
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My interview with Mark Nestmann from the Nestmann Group was extremely educational. I’ve had several interviews that delve into the topics we discuss, like, why Americans have negative views towards offshore investing and overseas bank accounts. I always find it fascinating how different my guests are and how they explain what they know about these topics. I know you’ll find these topics very helpful in you are an American living overseas.Mentioned in this episode:
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More than 40 Experts with Decades of Experience Reveal how to Reclaim your Freedom Abroad, Legally Reduce Your Tax Bill, and Maximize Your Returns with ZERO fear or Worry...
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