FATCA, aimed at cracking down on offshore tax evasion, is hurting accidental US citizens who can’t open bank accounts.
The proposed LTC Trust Act would require employees to pay a percentage of their incomes (via a payroll tax) into the state’s long-term care fund.
Purpose trusts are nothing new, but this is an elegant twist on the strategy to achieve Yvon Chouinard’s objectives.
You’re going to need a longer bridge.