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No more issues with banking compared to a Wyoming or Delaware entity in the hypothetical scenario where someone like the Choctaw offered something like this. It's US federal jurisdiction and all banking regulations apply. Not sure about this Catawba thing. It's very suspect.

Indian reservations are fully under federal jurisdiction in the United States. In some cases they are outside of state jurisdiction. This doesn't seem to be the case for the Catawba, which are a tiny tribe consisting of about 2600 people and is a recognized tribe headquartered in the state of...

It's never easy. If it were easy, everyone would do it. You are going to have to expend in some combination the following: effort, intelligence, or capital resources. Find an optimum combination of what you have available in those categories and dedicate it to your project. You're asking for...

Chinese dominance and Chinese collapse are both a bit overdone. The US will lose relative influence and China will gain relative influence. Both will still be influential. As a businessman, be a friend to all and an enemy to none and position yourself as an intermediary to opposing sides, and...

I'll make an effort post with charts when I can get to my computer. Suffice to say, a central bank boasting about 39% inflation while cutting rates is not healthy nor sustainable. It's better than Erdogan's prior idiocy but they have a monetary tiger by the tail. Hyperinflation tends to end with...

The US will remain a major player in the global order as long as it doesn't fragment and dissolve into civil war. Even if its relative influence declines, the absolute influence will remain large. Geographic isolation is a real thing. Canada and Mexico are weak and militarily/politically...

Turkey is in a hyperinflationary spiral and doesn't seem to be turning around despite the central bank pivot. There is a huge currency risk there. It's not a bad play from a geopolitical perspective but the economy is shaky right now.

I haven't trusted Cypriot banking since 2013. This is just another reason to avoid the place.

This is why I drag my feet until the day before any deadline when it comes to US government paperwork.

I second the idea of a consultation with a US attorney. You want to avoid running afoul of CFC, PFIC, and GILTI rules, which doesn't seem to be an issue in your initial idea but is definitely an issue in one of your subsequent points. You also need to be sure about what will be treated as...

IMI Daily removed the link but I pulled down the original presentation before it vanished. I've uploaded the PDF at the link below: https://files.catbox.moe/8qd6i6.pdf

A “foreign reporting company” means any entity that is (i) a corporation, limited liability company, or other entity; (ii) formed under the law of a foreign country; and (iii) registered to do business in the United States by the filing of a document with a secretary of state or any similar...

I now suspect this visa change will actually be included in the upcoming reconciliation bill that will also include the tax law changes, and will be used with favorable assumptions for computing baseline changes which will allow more tax provisions to be squeezed into the bill. Bills passed via...

I'm very interested in these practical experiences from the standpoint of understanding “as written” in law versus “in practice” in bureaucracy.

Equity markets. Buying healthy value stocks with solid dividends that are undervalued in the medium term due to macro factors. Growth stocks suffering a similar affliction can also be profitable. Nestle just gained 19% in a month. SoFi gained 90% since August. Sea Limited gained around 200%...

SoS Rubio and the Ukrainian diplomats had negotiated a deal prior to this meeting. This was supposed to be a grip and grin followed by a signing, which would have been a fig leaf (See! We're getting our money back!) for Trump against his political base giving cover to allow increased US aid and...

Learning a language for a desirable residence or citizenship shouldn't be a barrier. The question is to whether an Armenian residence or citizenship is desirable. If I had to list advantages and disadvantages it might look like the following: Advantages: - EAEU membership. - Central Asian...

I'm already well within the US tax net so this is immaterial to me. The US government is notorious for shitting all over Americans in favor of foreign countries. Not to say that it doesn't often s**t all over foreign countries as well, of course. A privileged status like that would be perfectly...

This is going to take significant congressional action to implement. He might be able to implement a new visa type administratively, but the taxation and path to citizenship is going to need Congress to pass laws. They can barely get much easier changes to tax laws through right now.

Very doubtful this will get through Congress.