Business Crowded Out by Mandates
July 7, 2014 By: Kelly Diamond, Publisher By now you probably know that Obamacare is rolling out in phases, and each phase has had its glitches. First it was that everyone has to have health insurance. NO MATTER WHAT!!!! But the penalties for not having insurance weren’t going to roll out for another year, giving […]
Playing Catch-up With Bitcoin
June 30, 2014 By: Kelly Diamond, Publisher A little topic I’ve not indulged for a while is Bitcoin (BTC). There have been some interesting developments surrounding this particular virtual currency. Mt. Gox was hacked back in February and filed for bankruptcy by month’s end. Prior to that, Mt. Gox Vice Chair, Charlie Shrem, was brought […]
IRS Announces New Amnesty Program for FATCA Problems
June 26, 2014 By: Diane Kennedy, Contributor FATCA (Foreign Account Tax Compliance Act) goes into force on July 1, 2014. The IRS has already extended the deadline for 2 years for financial institutions that aren’t in compliance yet, but have made progress to come into compliance. FATCA has a couple of components. One targets foreign […]
Internal Revenue Scandal
June 23, 2014 By: Kelly Diamond, Publisher There’s been a fair amount of grumbling over the past several months regarding the IRS and its dealings with some “Conservative” groups. It started off as there being a good amount of stalling and balking when some “conservative” groups filed for tax-exemption status with the IRS. About 25% […]
Second Passport in Paraguay – Too Good to be True?
June 14, 2014 By: Bobby Casey, Managing Director GWP Is getting a second passport in Paraguay too good to be true? This week we found out all the details on the ground in Asuncion. This past week, I was meeting with our partners in Paraguay investigating their residency and citizenship program. We met with government […]
Breaking News: FATCA Delayed by Two Years!
May 29, 2014 By: Diane Kennedy, CPA After this exciting headline, your first question might be, “What is FATCA and why do I care?” Let’s start there. FATCA (Foreign Account Tax Compliance Act) came about in 2010 as part of the HIRE Act. This added chapter 4 to Subtitle A of the Code. “Chapter 4” […]
The Power of Geo-Political Diversification
May 14, 2014 By: Bobby Casey, Managing Director of GWP Yesterday, I began a four-week trip taking me through Switzerland, Italy, the US and Paraguay. Stop one is in Zurich, where I am writing from today. I’ve been to Zurich several times in the past few years but I’m always amazed at the cost of […]
Somalia: Not What You’d Think!
April 7, 2014 By: Kelly Diamond, Publisher I’m sure by now, if you’ve so much as questioned the righteousness of the American government, foreign or domestic, you are immediately chastised and told any combination of the following: If you don’t like it, leave! No one is making you stay here! Why don’t you just go […]
Toothless Legislation Gumming at US Spy Program
March 24, 2014 By: Kelly Diamond, Publisher It’s often a point of debate as to whether embargoes, sanctions or blockades are acts of war. When we listen to pundits talk about the foreign policies surrounding Iran and the US, the US sanctions are regarded as acts of diplomacy. The same is said of Israel’s sanctions […]
Do I REALLY Need a 2nd Passport?
March 20, 2014 By: Bobby Casey, GWP Managing Director Two weeks ago I met with one of the European banks, with which our firm has worked closely for more than four years. This meeting was to update us on the bank’s new policies and procedures for bringing on new clients. As we discussed several items […]
