The IRS is Shrinking?
The IRS is shrinking in budget and consequently in bandwidth. It cannot afford to enforce or audit the way it has in the past. May 27, 2019 By: Bobby Casey, Managing Director GWP The IRS is shrinking! For the small government folks out there, this is a dream come true! I’m still having a hard […]
Understanding Tax Residency: How CRS Affects Digital Nomads
Banks around the world are reporting their account holders’ information to their official or default tax residences.May 21, 2019 By: Bobby Casey, Managing Director GWP Digital nomads and location independent entrepreneurs often struggle with tax compliance in their home country. Countless penalties and fees for not filing their taxes correctly (or at all) build […]
Italy’s Economy is Latest in EU Debt Crisis
Italy is stuck in recession mode through a combination of EU policies and its own internal follies. What are the implications of this to the EU and the world? May 20, 2019 By: Bobby Casey, Managing Director GWP Some red flags are going up in the EU, and those flags are coming from Italy. Economic […]
If Banks Took Your Money and Ran (Like This)…
Many take their banks for granted, never considering they could close unexpectedly. Are you prepared for what happens if your bank closes? May 17, 2019 Imagine if you woke up, got a steaming cup of coffee, and went to your computer. You open up your online banking portal to transfer funds and get the following […]
Major Cities Crack Down on Airbnb
Cities cracking down on Airbnb and other home-sharing models are really just obstructing opportunities for people to serve the market demand and make some money. May 13, 2019 By: Bobby Casey, Managing Director GWP A little over four years ago, Ross Ulbricht was convicted of money laundering, computer hacking, conspiracy to traffic fraudulent identity documents, […]
U.S. Is a Tax Haven for Everyone EXCEPT Americans
Many American citizens consider themselves privileged, but that privilege doesn’t extend to tax protection. That is reserved for everyone EXCEPT Americans. May 7, 2019 By: Bobby Casey, Managing Director GWP It’s well known among digital nomads U.S. citizens are not treated well by their own government when it comes to incorporating and banking. What may […]
Limited Time Opportunity to Max Out Offshore Trust!
Trump’s tax plan came with a generous leap in the estate and gift tax thresholds. Now is the time to set up a trust and max out your benefits before the door closes! April 30,2019 By: Bobby Casey, Managing Director GWP Every election cycle, Americans sit around wondering what’s coming next. That sort of uncertainty […]
Is Legalization a Full Victory?
Cannabis legalization comes with terms and conditions, like cryptocurrency legitimization. That might not prove to be the full victory people were looking for. April 22, 2019 By: Bobby Casey, Managing Director GWP A big topic, especially this year, is cannabis legalization. As a staunch opponent of prohibitionist policy, I welcome that discussion and the lifting […]
Antigua & Barbuda Could Make a Great Tax Home
If you are a digital nomad, in search of a friendly tax home, Antigua & Barbuda might be what you’re looking for! April 11, 2019 By: Bobby Casey, Managing Director GWP In these times of economic scrutiny, it’s getting difficult to navigate the regulatory waters. Let’s be honest, governments hardly need an excuse anymore to […]
Response to Andrew Yang’s UBI Platform
Andrew Yang is pushing the idea of Universal Basic Income as his primary platform for his 2020 run for POTUS. Where does this idea fall short and why? April 1, 2019 By: Bobby Casey, Managing Director GWP I discussed Andrew Yang’s flagship policy: Universal Basic Income (UBI) in some earlier blogs; but I took the […]
