An invitation to be plucked I marvel at much of the self-serving drivel which is posted on the internet to entice prospective immigrants to part with their money but this one (link below) is in a class by itself. I haven't read such drivel since the Spanish property scams of the late 1980s. :-)"Uruguay offers a zero tax rate on foreign income"... until Lorenzo uses the existing law to start charging. "the freedom to open bank accounts that pay up to 700% more than U.S. banks"... an interesting use of the term "up to." I earned 5.34 U$S interest net of Uru tax last year on an average bank balance of 16k U$S. "take advantage of investment opportunities that will not be shared elsewhere."... shouldn't that be in the passive case and read "be taken advantage of?" "You’ll hear from local bank officials who will show you how to open accounts - on the spot - that protect your cash miles away from America’s debt-riddled shores."... you could achieve the same by walking into a bank. "I’ve invited lawyers to explain the residency/citizenship process, and can start you on that road immediately, should you want to pursue your own “Escape to Uruguay” plan."... or you could read Glen's free e-book. "You’ll discover affordable in-city real-estate opportunities just minutes from an international airport."... Is Carrasco a "city"? "Plus, you’ll hear about farmland investments that can provide stable, annual income – and potentially rise in value quickly – as global demand for food continues to soar."... but presumably you won't hear that the price of farmland "soared" several years ago, that you'll lose money if we have yet another drought and that there is currently a 10% transaction tax on all farmland purchases. "Including Freedom Alliance Chairman and former U.S. Congressman Bob Bauman… Native Uruguayan and head of a leading asset protection and residency law firm, attorney Juan Federico Fischer…" Gosh! A real former US Congressman as well as Dr Juan "no problems here" Fischer, Uruguay's most prolific spin-doctor who is still in denial about Lorenzo's new taxes. "Expat Lee Harrison now lives in beautiful Punta del Este and will speak about his personal experiences… Including how he lives on a modest pensions but no longer worries about the cost of health care or sky high taxes." "But that’s not all, we’ve personally invited the top lawyers, private bankers and in-the-know expats… along with experts in Uruguayan agriculture and farmland investments to show you how to live a richer, freer, and more sovereign life." Are any of the ex-pats here planning to join in the skinning of the poor mugs who avail themselves of this "wonderful opportunity?" :-) I suppose Barnham was right... there is one born every minute. |