Monk's Den

[ctay]

Here is an interesting link for those seek tax asylum...

http://www.panamalaw.org/offshore_retirement_haven_tax_guide.html

I am seriously considering Panama, at minimum keeping it as back-up depending on the US's future political front...

Panama as a Retirement Haven– This is the number one retirement haven in the world. It is a true tax haven with no tax on offshore derived income, no capital gains tax and no inheritance tax. It has great food, great medical, and is very safe. You can drink the water in Panama City, the roads are American Style, you can take an American telephone and plug it into the socket and get a dial tone and American appliances work. The internet is great. The phones are good and the cell phones are like North America, some dead spots. There are Pensionado visas for retirees with great benefits. Residency is not hard. There is an instant passport program. There are no hurricanes in Panama, no volcanoes, no earthquakes, and no tsunamis. It is tropical warm year round. You can get by with English to a workable extent. There are anonymous corporations, anonymous foundations and 150 large international banks. Panama even has its own stock exchange. Real estate is affordable and hired help is cheap by North American standards. For more information on Panama go here: http://www.panamalaw.