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Baby Boomers’ New Haven

A recent survey shows that many US “young” retirees flock to the sunny shores of coastal Mexico; and it is now where most call it their new home. “A newly released study on U.S. retirement trends in Mexico’s coastal communities takes an updated snapshot of Rosarito Beach, Rocky Point, Puerto Vallarta, Cancun and other areas where many Americans go to retire. The study’s authors say their survey marks an important first step in meeting the needs of a group that is likely to grow in size as U.S. baby boomers reach retirement age.”

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Make Filing USA Income Tax Easy, Find An Expert

Whether your an expat living in USA or an American expat abroad you know that tax season is upon you. With the filing deadline lurking closer every day, it might be time to seek out a professional. ExpatFinder’s USA Tax Expert, David McKeegan, of Greenback Tax Services gives US expat tax payers 10 good reason to find a professional.

Reasons 2 and 3:

2. Even if you prepared your own taxes when you lived in the US you should really consider hiring an expat expert while you are abroad as an expat return is more complicated than a normal US return. As an individual, (i.e. not a business or charity) you will need to file a Form 1040 and the associated schedules, much the same way you did in the US. In addition you may qualify for the Foreign Earned Income Exclusion, the Foreign Housing Deduction or the Foreign Housing Exclusion in which case you will likely want to file the appropriate forms as they have a number of advantages and can save you a significant amount of money.

3. You don’t want to reconcile you host country tax year to your US tax year. The US tax year begins on January 1st and ends on December 31st. Not all countries operate on this system. For example Australia, Hong Kong, New Zealand, and the UK all have different tax year ends. The US requires that you (or your tax preparer) prepare your return according to the US tax year, which means taking your tax statements from your host country for two years and extracting the appropriate information to then plug into your US tax return.”

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1040

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Super Bowl 43: Expat Americans Celebrate

American Expats throughout the world gathered today to celebrate what is often deemed as America’s biggest holiday: Super Bowl. Whether your a fan of the New Orleans Saints or not, you have to give the underdog credit. Credit not only for winning the gaming, but for showcasing the city of New Orleans that is still coping with the damage of hurricane Katrina. “Saints fans hugged, kissed, and spilled onto the streets Sunday as a citywide party erupted in New Orleans after their once woebegone NFL franchise defeated the Indianapolis Colts in the Super Bowl. French Quarter crowds, beefed up by tourists in town for Carnival season and by those wanting to experience the euphoria of a Saints victory, poured onto Bourbon Street to celebrate in a scene that looked more like Fat Tuesday than a Sunday night. The Saints won 31-17 in the franchise’s first appearance in the big game.”

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Women Leadership in Emerging Markets

For expat women who work overseas leadership positions have often been hard to come by. Often just getting a job can be difficult for expat women. Now especially in emerging markets like the Middle East companies can no longer ignore the talent pool of women. “As recently as five years ago, this kind of group would have been pale and male. Today, they were all women — five Arab women (from Lebanon, Egypt and Saudi Arabia), one from Turkey, one from Brazil and one from Canada. I’m not pretending that the Pfizer leadership in Dubai is exclusively female. But it says a lot that it is now possible to pull together a critical mass of female executives in what used to be — and is often still thought of as — an exclusively male bastion.”

Read more from Bloomberg

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US Expats Get Ready For Some Football

It has been almost six years since Hurricane Katrina hit New Orleans and some thought football might never come back, but it did. Exciting, the Saints are headed this weekend to the Super Bowl. “Many longtime Saints followers say they’re in disbelief that the formerly downtrodden franchise has reached a Super Bowl. Benson said he doesn’t share that perspective. “I had no doubt at all,” Benson said this week. “This is my 25th year, you know. It couldn’t be any better.” The post-Katrina scorn for Benson was expressed in part in written messages posted in yards in hurricane-ravaged neighborhoods; anti-Benson signs on discarded refrigerators containing rotting food drew news coverage. The Saints were displaced from New Orleans by Katrina and spent the 2005 season based in San Antonio, playing home games there and in Baton Rouge. There was speculation that Benson wanted to keep the Saints in San Antonio.” Read more from Washington Post New Orleans Saints vs Tennessee Titans Pre-Season Game

Switzerland Tries To Attract Wealthy Expats

Switzerland is trying to woo wealthy expats with their exceptional tax breaks. Of course Swiss property developers are also trying to make it about the life style, skiing and transit. “Despite a promotional campaign mounted by a group of Swiss cantons in London, there is still some reluctance to acknowledge that the country is marketing itself as a place to pay less tax. Although the income tax rate in the canton of Zug, for example, is about 10 per cent, Swiss property developers claim the appeal lies more in the skiing and the mountains. Switzerland does not openly acknowledge its status as one of the world’s most established tax havens, but in October The Times revealed that authorities were offering personal tax incentives to chief executives for relocating their companies there. Those being wooed included Diageo, which this week declined the move, but several other incentives have emerged that were previously known only to the lucky, targeted few.” Read more from Times

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2010 Expat Youth Scholarship

Clements International has announced its 2nd annual 2010 Expat You Scholarship, “Life in a Flying House.” $10,000 will awarded to students ages 12-18 of any nationality who have resided in a foreign country for at least two consecutive years.

For more information check Clements’ YouTube video and website. Apple iPad

What Kind Of Dent Will The iPad Make In Your

Wallet

The iPad was introduced this week and to the surprise of many the price seemed lower than expected. Although one reported has taken a step to look at what the overall price will cost the individual and there are some interesting numbers. “Yes, the headlines note the prices will start at the low, low level of $499. Mr. Jobs on Wednesday even mocked those who had predicted prices nearly twice as high. But were those earlier forecasts so wrong? If someone buys the basic 16-gigabyte model with 3G, they will pay $629 up front—plus $30 a month from AT&T for unlimited data. Cost for a year: $360. Add that to your initial $629 and your cost is … $989, plus tax (and whatever insurance you’ll need to cover your portable glass and aluminium treasure). Models with more memory will cost even more.”

Read more from the Wall Street Journal

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Haitian Expats Wait For News In Canada

Montreal is home to the third largest expat group of Haitians in the world. After Wednesday’s earthquake in Haiti virtual all communication has been shut off from the island. Family and friends cling to a local radio station for word. “Panicked immigrants jammed the call-in lines at the French-language Haitian radio station CPAM, asking in trembling voices what the anchors knew about the quake’s impact on various regions or, even more heart-wrenching, whether anyone listening might know of the whereabouts of specific people. “If anyone can say what happened to my mother and father, please call in,” one crying man pleaded. “Nobody can get through.”

Read more from Sphere

Earthquake in Haiti

Kevin Spacey To Portray An Expat In China

As Chinese television drama series has announced that Kevin Spacey will portray an expat character on the show. It’s an exciting event to think expats will be acknowledge as part of the Chinese cultural on TV. “Two-time Oscar-winning actor Kevin Spacey will play an American expatriate in an upcoming Chinese drama. Spacey will play a character who befriends a young man with a troubled work and domestic life in director Dayyan Eng’s “Inseparable,” Xinhua Sports and Entertainment Ltd. said in a statement Wednesday.
Shooting will start this month in southern China, the statement said. Xinhua Sports and Entertainment publicist Joy Tsang declined to reveal which city Spacey will be shooting in, saying filmmakers did not want public interest to interfere with the shoot.”

Read more from San Francisco Chronicle

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A British Take On Americans

Before moving overseas it is easy to get caught up in stereotypes. Pre-departure you might be worried about what others will think of you and what you will think of your new home country. Like many expats, Geoff Dyer, felt undecided about America and Americans, but after taking the time to get to this new country he seemed pleasantly surprised. “If the typical American interaction involves an ostensibly contradictory mixture of the formal (politeness), the casual and the cordial, what happens when one moves beyond the transactional? Like many Europeans, I always feel good about myself in America; I feel appreciated, liked. It took a while to realize that this had nothing to do with me. It was about the people who made me feel this way: it was about charm. Yes, this is the bright secret of life in the United States: Americans are not just friendly and polite — they are also charming. And the most charming thing of all is that it rarely looks like charm. The French put a rather charmless emphasis on charm, are consciously or unconsciously persuaded that it is either part of a display of sophistication or — and it may amount to the same thing — a tool in the service of seduction.”

Read more from NY Times

British, Canadian, American, and Bermudan flags flying

What Do Kids Think Of Expat Parents

Blogger Michel Loui begs the question, is it cool to be an expat parent? Are expat children embarrassed by there parents? The answer might lie some where in between some are and some aren’t. “All this navel-gazing that goes on with us expats about what its like to be an expat—what we miss, what we love about our host country, what its like to raise dual national kids, etc, is great for the support and humour it provides for other expats (and a little enlightenment for those who live with us), but something happened to me the other day to make me really wonder what its like for our kids, or step kids to have an expat parent. …For the first time in all this expat writing and opinion offering I decided to ask the kids. I have step-kids as well as one of my own and I wondered if there would be a difference…”

Read more from Mid-Atlantic English

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Americans Play Ball in Venezuela

You may think it’s unlikely that you will find American Expats in Venezuela and that is true. The number of Americans have dwindled, but baseball has kept some. Venezuelans love baseball and the Americans who play and run some of the best teams in the country. “Mr. Bailey’s fame also makes him among the rarest of persons here: an American who has attained public success and admiration in President Hugo Chávez’s Venezuela. His feat stands out in a country where the government makes distancing itself from the United States and quarreling with Washington central features of its existence. “At first it was like, ‘What in the world are you doing?’ ” said Mr. Bailey, referring to the reaction of family and friends when he moved to Venezuela in 2002. “But baseball is baseball,” he explained. “Everywhere I go, the pitcher’s mound is at 60 feet 6 inches, and the bases are 90 feet, so it’s the same everywhere.” Baseball does seem, at first, immune to the deterioration of political ties between Caracas and Washington. American scouts still venture to villages deep in the interior to find talented ballplayers. Venezuelans like Johan Santana are still plucked from obscurity to become stars in the United States.”

Read more from The New York Times

'09 World Baseball Classic - Game 6: Venezuela vs United States

Economic Recovery Means Hirer Rents In Kuwait

Since the end of the war with Iraq in 2003 Kuwait has experienced a reconstruction boom. The economy only slowly in 2008 and looks to pick up again in 2010. With the up swing pending so is a rental increase. The increase in rentals is slated at around 10% and this is tough news for some expats in Kuwait. “The situation has happened before, the expatriates spoke and tried to create ‘noises’ through newspapers and the media. What has happened? Nothing! We can’t do anything but bite the bullet in the end, that’s the truth. We just have to accept that,” the expatriate commented. The expected economic recovery to be made in 2010 could intensify the demand for apartments, thereby leading to increased rents, Markaz mentioned.”

Read more from Kuwait Times

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New CEO Named at Bank of America

Expats took notice as Bank of America named Ken Lewis’ replacement, Brian Moynihan, as CEO. The bank had sought to find candidate outside of the bank, but with strict US government guidelines on salary they were unable too. “As the new CEO, Moynihan faces many daunting tasks. He must juggle regulatory investigations into the bank’s 2008 acquisition of Merrill Lynch while trying to repair relationship with regulators and members of Congress who sharply criticized Lewis after the bank required billions in aid. Some of those lawmakers, including Maryland Democrat Rep. Elijah Cummings, had also questioned Moynihan’s leadership skills during a hearing on the Merrill takeover.”Brian’s wide range of experience, his relationships inside and outside of the company, and his demonstrated ability to understand business dynamics and effect constructive change made him the best person for the position,” said Dr. Walter E. Massey, chairman of Bank of America, who led the CEO search.”

Read more from AP

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Copenhagen Climate Talks

Copenhagen climate talks seemed to have stalled, but world leaders have entered the seen to help negotiate.  Expats eyes are on the summit as it ends tomorrow. What will the final accord be? “The final accord may include the aggregate cut already pledged by rich nations, said Elliot Diringer, who oversees international strategies at the Pew Center on Global Climate Change, in Arlington, Virginia. That amounts to about 18 percent over the three decades. That pledge will require steeper, costlier reductions later in order to meet the 2-degree Celsius target, he said. “It is very likely going to fall short of what the science suggests is needed but this is just another step on the path” to stronger measures, Diringer said. Dimas said he expects an agreement on a 2-degree target, a commitment from rich nations to cut emissions by about 18 percent by 2020, commitments by developing nations to reduce the growth of their emissions and a pledge to revisit the targets in two to four years.”

Read more from Bloomberg

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Expats Expat Look to China

At the end of 2003 there were 90,000 expats living and working in China. Today the number is closer to 220,000 and some estimates guess the number is more like 700,000 when you look at expats working under different visas. The majority of expats are from the USA or Japan. “At the end of 2003, almost 90,000 foreigners had been officially employed in China with legitimate work permits, said Gao Lin, a director at the Ministry of Human Resources and Social Security. According to the latest figures released by the ministry, the number of officially employed foreigners has increased to 217,000 foreigners till the end of last year, an increase of 7,000 persons from 2007. …In recent years, the Japanese and Americans ranked as the top two nations with the largest labor forces in Shanghai, according to Sun Hande, Director of the Shanghai Job Center for Foreigners. While workers from Singapore and other Southeast Asian countries used to fill the third spot, South Korea has since increased its work force presence in China in recent years.”

Read more from Beijing Review

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An Expat Tale Hits The Cinema

An expat in Buenos Aires has written an expat tale that has turned into a new premiered movie. Expats around the world can appreciate not only Matt, the writer’s, story, but also his film. “He arrived in BA in 2007 as “I wanted some fresh air in life. I’d been to film school in LA and then got an assistant’s job with quite high stress levels right after that, and I was fed up with going to parties on Saturday nights and talking about who you know, ‘can you get me into this meeting’ or ‘I’m doing better than you’. Los Angeles is a very insular world so I was desperate. After doing a post-grad in writing for screen and television at the University of Southern California (USC), I came here basically to concentrate on my writing career and to escape Los Angeles.” Last Night… is a contender for the title of ultimate expatriate film for several reasons. First, its principle roles are played by foreigners based here permanently — a North American leading man is supported by a Kiwi actor. Second, the driving force is from the UK, thanks to its British director and producer David Labi, and script writer Matt. Some financial backing came from independent sources in the US, and of course the plot revolves around an expatriate who runs into trouble on his final evening in the Argentine capital.”

Read more from Buenos Aires Herald

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