Summary: -Latin American tax codes –vs - USA tax codes, the similarities and differences -How to legally save $27,000 to $35,000 on your US income taxes by simply moving your ass and assets to almost any of the 20 Latin American countries. (Don’t forget, whatever you save is really YOUR money that you earned anyway!) - Latin American tax avoidance, evasion and collection. -All Latin governments have a #1 cash cow- the VAT tax (called IVA down here) - how it works and how local individuals and businesses try to side step it. -Corporations and corporate taxes in Latin America -The dope in those special sequentially numbered purchase receipts called “facturas”. They’re used extensively as write-offs and deductions to drastically lower personal and corporate taxes. These “facturas” can be real, fake, altered, stolen and reused. But can Latins or expats or even the tax official themselves tell them apart? Does it even matter? - Like in the USA, immediately before tax deadline time there’s always a monumental last minute scramble for tax deductions and receipts. However, down here if you’re short on deductions, you can actually BUY the proper number of receipts you need on the greymarket to zero out your taxes. But should expats risk doing do it? Most Latin businesses routinely go that route. It’s not exactly illegal, but………… -Now you can follow the link on the main page at www.expatwisdom.com to schedule a consultation with me. If you want to discuss the details of living, working, playing, doing business and/or retiring in Latin America, now you and I can talk about your situation one on one.
