Offshore asset protection - Global Wealth Protection

First Tax Cuts, But Then Tariffs?

From tax cuts to tariff hikes, what is Trump’s economic endgame? March 19, 2018 By: Bobby Casey, Managing Director GWP The United States is being pulled in several economic directions under Trump’s administration. I won’t call it “leadership” as that would be overstating things quite a bit. However, while fans of Trump rightly lauded his aggressive corporate tax cuts as being profoundly pro-business, dissidents rightly criticized the lack in spending cuts to accompany that move. The running theme in Trump’s rhetoric is filled with … [Read More...]

States Buck Federal Government When it Comes to Civil Asset Forfeiture

With so many unwitting and innocent people getting ensnared in the asset forfeiture dragnet it remains a hot topic; but it also has many states pitted against the federal government. March 12,2018 By: Bobby Casey, Managing Director GWP As they say even the word hopeless has hope in it. To that end, I am eagerly watching as states take on the issue of asset forfeiture. Jeff Sessions has no intention of relenting on that practice; in fact, he’s issuing directives to RAMP UP on asset forfeitures. His presumption, as is anyone’s who … [Read More...]

Property Is Your Ticket To Freedom

From getting out of your parents’ house to getting out of the nanny state: Property Is Freedom. March 5, 2018 By: Bobby Casey, Managing Director GWP Property is the lynchpin of freedom. I’ve said it before in defense of the right to own property, and I’ll say it again. What I’m finding is, people don’t understand HOW to own property, so they take it for granted. That’s how you get hoarders, and poor people living beyond their means. It’s not for lack of access, but for lack of retention. When you acquire something based on need, it is … [Read More...]

Borderless Interview: Escaping the Politically Obsessed Culture

February 28, 2018 With Bobby Casey, Managing Director at GWP and James Guzman of   Expat, James Guzman, interviews Bobby Casey to discuss how they make sense of and remain sane in a hyper politicized climate. Show notes: 4:30 The Trump administration’s effect on the economy 8:20 How to make sense of the debt based economy 10:30 The infrastructure bill 13:11 The obsession with politics in the US 20:30 How Trump red-pilled America 27:30 The erosion of privacy 41:15 The trend for remote work 47:00 … [Read More...]

Expanding the Surveillance State to ICE and CBP?

The United States’ expanding surveillance state might extend to ICE and the CBP, making it eighteen government agencies with access to NSA capabilities. February 26, 2018 By: Bobby Casey, Managing Director GWP  The ever-expanding surveillance state is something we have been covering for several years. With every “crisis” and election year, it takes on new form… but oddly never shrinks. As discussed, a few weeks ago, Section 702 of the FISA was reauthorized, with a few minor tweaks to records keeping and reporting, it left “about” … [Read More...]

Trump: Giving Credit and Blame Where Due

Whether you agree or disagree with Trump, it’s important to keep the record straight and give credit and blame where due. February 19, 2018 By: Bobby Casey Managing Director GWP There are die hard Trump supporters and equally staunch Trump detractors, but both sides are blinded by their deep seated sentiments and are giving him credit or blaming him for things he hasn’t done. It’s amazing how many political hacks have no concept of a timeline; as if each president gets to start over rather than inherit the conditions laid out by their … [Read More...]

Bipartisan Congressional Budget Deal is an Act of Political Cowardice

What headlines call bipartisan compromise, is really just political cowardice. February 12, 2018 By: Bobby Casey, Managing Director GWP I’m looking at this two year budget deal Trump just signed, and what is being hailed as some heroic and collaborative compromise is really just plain cowardice. As many of you know, I’m an expat living in Eastern Europe. I go back to the US from time to time to visit, and there are absolutely things I miss. A few folks… a few places… a few establishments. But US politics is precisely why I stay … [Read More...]

What’s In the Reauthorization of Section 702 of the FISA?

What Trump calls an improvement is really just Section 702 of the FISA being reauthorized with a few tweaks to transparency and accountability. February 5, 2018 By: Bobby Casey, Managing Director GWP Section 702 of the FISA was signed into law by Donald Trump on January 19, 2018. There’s really no point in talking about what could’ve or should’ve been. What matters most is what IS for the next six years. The reauthorization flew through the Senate with nearly two-thirds voting in the affirmative. There was a near miss on a filibuster … [Read More...]

US Slipping in Innovation, Education, and Economic Freedom

The US is slipping in more ways than one: innovation, education, and economic freedom. January 29, 2018 By: Bobby Casey, Managing Director GWP The US has been steadily slipping in key areas that made it a once great place: innovation, education, and economic freedom. When I see the slogan “MAGA” I basically associate it with a Republican version of “Hope and Change”. It’s whatever you want it to be. It’s nothing and everything all at once. There’s some talk about the economy and jobs, and while those things are indicators, they don’t … [Read More...]

It’s 2018: Have Your Personal Tax Strategies Evolved?

Many long-standing deductions and exemptions will be no more, which might require all new tax strategies. January 26, 2018 By: Diane Kennedy, CPA I normally write about tax strategies for business owners and real estate investors. There’s been plenty to write about with the 2018 Tax Cuts and Job Act. Today and tomorrow, though, I want to talk about the new strategies for your personal tax return. #1. Plan for exemptions. Or rather, starting in 2018, there is no need to plan because exemptions are practically gone. … [Read More...]

The “Real” Truth About U.S. Savings Accounts

U.S. savings accounts are running at negative interest rates, so in an effort to save money, you could be losing value and spending power. January 24, 2018 From a young age, you were taught by your parents to save money. In the U.S. the first place you went to do that was your local bank. There you would open a savings account. Back when you were young that might have been a good idea. But times have certainly changed. Once you discover the “Real” truth about your U.S. savings account, you might start to think you’re being scammed by … [Read More...]

Is Your E-Commerce Business Ready for the Sales Tax Changes?

E-commerce businesses faces sales tax changes due to Marketplace Fairness Act. January 23, 2018 By: Diane Kennedy, CPA In 2018, the State of Washington’s new marketplace rules take effect. Marketplace facilitators (like Amazon) will be required to collect sales tax on behalf of marketplace sellers that have not otherwise established a physical presence of nexus within the state. Colorado has a similar rule and it’s expected that other states will soon be following suit. The states seem to be acting independently. You need … [Read More...]

Possible Tax Hikes Due to Lack of Fiscal Priorities

The deceptive excuse for tax hikes is blamed on lack of funds, when in fact, it’s lack of fiscal priorities. January 22, 2018 By: Bobby Casey, GWP Managing Director Tax hikes appeal to people who think that if more funding were available, the problems would be solved. The truth is, money doesn’t solve things. Solutions solve things. It’s a rather pedestrian observation, but there is a difference. For as much as capitalists get a bum rap for being money mongers who buy their way through life, that’s not really the case. Throwing money at … [Read More...]

Do You Need a Strategy for Casualty and Theft Losses in 2017?

The scope of eligible casualty and theft loss tax deductions will narrow dramatically starting in 2018. January 19, 2018 By: Dianne Kennedy, CPA In 2018, we lose the ability to write off most casualty and theft losses. The only casualty losses that will remain a write-off are ones that occur in a federally designated disaster zone. My mother had a trusted caregiver steal her car, almost $100,000 in cash, tens of thousands of dollars in silver and antiques and illegally use her identity to the tune of $42,000. (I’m still … [Read More...]

Big Changes for Bonus Depreciation

Bonus depreciation is changing in a big way, so it might be time to figure out how you take advantage of the new laws. January 17, 2018 By: Diane Kennedy, CPA The 2018 Tax Cuts and Job Act has three important differences regarding bonus depreciation: 1. The bonus depreciation will temporarily be 100%! 2. In order to take bonus depreciation, the personal property item does NOT have to be new. That’s a huge change. 3. The 100% bonus depreciation is retroactive to purchases after September 27, 2017. And now, let’s … [Read More...]