Showing posts with label Panama. Show all posts
Showing posts with label Panama. Show all posts

Saturday, November 5, 2016

The five best places to move if you don’t like the US election results


Amy Schumer said she'd move to Spain. Bryan Cranston said he'd move to Canada. Jon Stewart said he'd move to another planet. At last count, 23 celebrities have claimed they'll leave the country if they don't like the election results.
No matter who becomes the next U.S. President—Clinton or Trump—a contingent of disaffected voters is likely to look overseas for better options. According to a new report from the editors of International Living, they'll find many that offer excellent-value, warm-weather and proximity to home. These are places where not only is the cost of living lower and the weather better, but where it's a lot easier to tune out the political noise back home, too.
Here are International Living's editors' picks for the top five places to escape to if politics is getting you down.

Mexico

Guerrero, Mexico
Elizabeth Knox | Getty Images
Guerrero, Mexico
Mexico is the only place in the world where U.S. citizens can enjoy an affordable overseas retirement, live right on the beach at affordable prices, yet remain within minutes of the U.S. by car.
Plus, right now with the current exchange rate of the U.S. dollar against the deflated peso, Mexico is a huge bargain.
With its moon-lit fiestas, languid white-sand beaches, ancient colonial towns set in the rugged Sierras, and Mayan pyramids rising from the misty Yucatan jungle, it's no wonder so many people are starting new lives in Mexico.
With rapidly rising fuel, healthcare, food, and travel costs back home, it's nice to know that there are still places where it's possible to live well without burning through retirement savings. Mexico is one such place.

Panama

Aerial view of the Bridge of the Americas at the Pacific entrance to the Panama Canal with Panama City in the background.
LisaStrachan | Getty Images
Aerial view of the Bridge of the Americas at the Pacific entrance to the Panama Canal with Panama City in the background.
Tropical beaches, First-World infrastructure, high-quality healthcare, welcoming people…there are many things to love about Panama.
Retirees are drawn here by the Pensionado program, one of the best retiree benefits programs in the world. Younger adults…some with children in tow…are moving here in increasing numbers to take advantage of the ease of doing business and the hip, international vibe.
For many, the low cost of living is a major factor in choosing Panama, as is the fact that Panama uses the U.S. dollar. Expats living here have seen their costs drop substantially.

Costa Rica

Arenal Volcano National Park, Costa Rica
Jeff Diener | Getty Images
Arenal Volcano National Park, Costa Rica
Costa Rica…the name alone conjures up visions of lush tropical rain forests and crashing surf on long stretches of white-sand beaches.
Costa Rica inspires these visions for two reasons. Number one, they're true. Costa Rica is one of the most biologically diverse and beautiful spots on earth, with Pacific and Atlantic coastlines that are the stuff of legend.
The second reason that the idea of Costa Rica can instantly create pictures of tropical splendor is that it has been one of the most popular destinations for expats and second-home owners for decades.
One place that has been very popular over the years is Costa Rica's Central Valley … a spot that cradles the country's thriving capital of San José yet also offers rustic and rural pleasure in abundance, as well as a mild, spring-like climate year-round. The Arenal region, with its centerpiece 33-square-mile lake, is also increasingly popular. It is three hours northwest of San José … a region of farmland, pasture, virgin forest, and unspoiled lake views.

Ecuador

Sea turtles, Galapagos Islands
Paul Kennedy | Getty Images
Sea turtles, Galapagos Islands
Ecuador really does have everything...from the Galapagos Islands to the Amazon basin and the Andes Mountains, from big, modern cities to small, quaint villages. And up until now, one particular area of Ecuador has been overlooked—and that's its 937 miles of Pacific coastline and its beautiful mainland beaches.

Tuesday, April 5, 2016

These Wealthy Figures May Be Hiding Cash Overseas, Leaked Documents Show



A treasure trove of documents were leaked to various news outlets showing where the world's richest figures hide their money.
The 11 million plus documents are from Panama law firm Mossack Fonseca, though it's unclear who leaked the files. The leak suggests some high-profile figures may be hiding money in offshore accounts.

Image result for lionel messiSoccer star Lionel Messi was referenced in the documents. "We've known for a while that he's been under investigation by Spanish authorities for tax evasion," said Crawford Spence, a professor at the University of Warwick, based in the UK. "What the report says is that he's possibly been doing this via an offshore company that has been registered or at least incorporated in Panama."
Meanwhile, some of Russian musician Sergei Roldugin's finances came to light in the documents.
"This Russian cellist has a lot of money hidden offshore -- we're talking about millions of dollars," Spence said. Reports suggest Roldugin is best friends with Russian President Vladimir Putin.
"Illusions have been made that this leads back to Vladimir Putin, but I haven't seen anything as of yet that directly connects this back to Putin," Spence said. Putin is not specifically mentioned in the documents.
Ian Cameron, the father of UK Prime Minister David Cameron is also referenced in the leaked documents.
"Ian has been shown to be linked to a wealth fund that's registered in Panama that hasn't paid a penny of tax on its UK profits in over 30 years," Spence added.
The report raised eyebrows as David Cameron has publicly called for the UK to crack down on those who evade taxes.
Given the murky nature of tax law, it's unclear which activities are illegal versus morally unethical.
"I don't envy the work of tax authorities and regulators because trying to unpack what is legally acceptable from what is morally acceptable is often very difficult because of the complicated nature of tax law," Spence noted.

By Scott Gamm

Source :http://www.thestreet.com/story/13517681/1/leaked-panama-documents-may-show-how-the-world-rsquo-s-wealthiest-stash-money.html