Is the US Today’s Biggest Tax Haven? An Offshore Discussion with Strategist Michael Menzies


While the US government has been cracking down on governments and banks throughout the world, forcing them to submit to onerous regulations that divulge your private information, why have they refused to do the same? Is the US the world’s new favorite tax haven?

Michael Menzies of Pembroke Tax Advisors is Jonathan’s new tax strategist, and in this week’s episode we discuss this–along with offshore structures, and why challenging assumptions is a must today.

During the interview we also discuss our upcoming FREE webinar on expat tax strategies. Click the button below to sign up.

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Show Notes:

Michael’s Bio (3:20)
So You Want an Offshore Strategy? (4:10)
Bloomberg Article on Tax Havens (4:58)
US government double-standard (7:12)
What is a trust? (8:27)
What can go into a trust? (13:07)
US States with the most tax-preferential trust laws (15:00)
Real estate reporting (18:16)
Separating from US a mistake? (19:12)
Expatriation tax (20:00)
Renounce before wealth? (21:29)
Pros of maintaining citizenship (24:43)
Challenging assumptions (27:13)
Discussion of social safety net (28:46)
The Condescending Group ad (31:41)
Offshore strategy? Tax strategist of primary importance (33:00)
Why Jonathan decided not to go offshore for 2016 (33:49)
Going offshore: reducing risks (36:09)
Tax changes for 2016 / Webinar on Feb. 6th (38:00)
Michael’s best advice (43:20)
Michael’s organic farm & distillery (44:45)

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