In this course you will learn why Puerto Rico has become the new tax home for wealthy individuals and business owners who are looking for a legal way to maintain their U.S. citizenship and still lower their tax bill. In 2012, Puerto Rico implemented ACT 20 (Export Service Act) and ACT 22 (Individual Investors Act) to help reignite their local economy. In the process they ended up giving taxpayers an amazing gift. For those businesses who qualify under ACT 20 they only pay a 4% income tax in Puerto Rico and their qualifying income is exempt under U.S. tax and for those individuals who qualify under ACT 22 they pay 0% tax in Puerto Rico and their qualifying income is exempt from U.S. tax. This strategy is not right for everyone, but it is a life changer for those clients for whom it is.
Dave Hall is the managing partner of Etrends Group, a privately held company whose mission is to provide the “more” for those who expect MORE out of life. As a thought leader, Dave has spent his career finding the latest tax and investment strategies that will help improve the financial position of others. Dave is a published author, public speaker and currently hosts his own podcast “The Prosperity Gap with Dave Hall.”
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