White Tigers, Tax-Free Income, Win a Trip, and an Unlikely Bachelor

This article was published in the Escape Artist Weekly Newsletter on February 16, 2018. If you would like to subscribe to the newsletter, please click here.

Hello Readers,

As always, this week has been an exciting one. There was a new ruling in India that can save expats on their taxes!

Valentine’s Day seemed to be a great success for many, even an unlikely bachelor in Taiwan!

Do you want to help us plan a conference for you?

And, if you’ve been keeping up with the 2018 Winter Olympics, you may be wondering, “What’s up with all the stuffed animals?”

Keep reading for all of this and more!  

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No Tax on Outside Income in India

If you are thinking of moving from your home country, or already did and are not happy with being taxed by your new location and your home country, a new ruling in India may prove to be just what you’re looking for.

The Authority of Advance Ruling (AAR) in India has decided that income of a nonresident that comes from a source outside of India will not be taxed. This includes money that is paid into a bank account in India.

This is an important decision because it is a change from the double taxation under the Indo-U.S. tax treaty.

This is great news for expats living in India that don’t completely make their income in India, such as investors or white-collared workers on overseas assignment that have a split salary arrangement, with half of their money coming from overseas.

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Expat in Japan Uses Humor to Assimilate

An expat named Khalid Birdsong moved to Osaka, Japan, and felt like he didn’t belong. In an attempt to acclimate to his new surroundings, he began sketching his experiences. He used his humor and his art skills to produce “Fried Chicken and Sushi,” a web comedy series about living in Japan – and they have become very popular.

Khalid, an art teacher, wanted to use the weekly comic strip to document his adventures, struggles, and his travel while representing people of color.

The comics were such a success that he compiled them into a book called Livin’ in Japan Ain’t Easy! and has even made a second book called Livin’ in Japan Still Ain’t Easy.

Seeing expats make the most of the challenge and learn from their experiences is why we do what we do at Escape Artist. We love hearing stories of people getting the most out of traveling the world.

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Help Us Help You

At Escape Artist, we are dedicated to getting you all the information you need about retiring, living, working, and investing abroad. In this always changing world, it is sometimes difficult to answer all of your questions.

This year, we would like to make it easier for you to get in direct contact with our team. One way we’d like to accomplish this is by holding the very first Escape Artist conference. This will be an event that is 100% catered to you! Those who help us by filling out this survey will have a hand in deciding where the conference will be, how long it will be, and what topics will be discussed.

For one month, everyone who completes this survey will automatically be entered to win a 3-night stay at Grand Baymen in the sunny, beautiful island city of San Pedro, Belize, during the months of April and May. The drawing will take place on March 15, 2018.

If you’re not interested in attending a conference, you can hear directly from us in the comfort of your own home, through an Escape Artist webinar. In order to make the webinar the best it can be, we want to hear from you. Fill out this quick survey to have a direct role in deciding when and how long the webinars will be, as well as what topics we will cover.

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What is This Tiger and Where are the Medals?

The Olympic games have been running strongly in Pyeongchang since the opening ceremony last Friday. The games will continue until February 25.

If you have been keeping up with the Olympics, you may notice the medal winners have been receiving stuffed animals, and many have been asking why. The reason is that since there aren’t as many events in the Winter Olympics, medal ceremonies are held at the end of each day and cover all the events that have taken place, something that could never happen during the busier Summer Olympics.

The white tiger stuffed animal represents an animal held in high regard in South Korean culture, and it is a symbol of victory for the winners and the mascot for the 2018 Winter Olympics. Its name is Soohorang.

You may also be asking what has happened to the flowers? After the 2016 Rio Olympics, flowers were found to be unsustainable. This year, Soohorang’s hat features paper flowers.

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Did Taiwan’s Pedestrian Walking Light Get a Valentine?

We’re all familiar with the pedestrian walking symbol that appears when walking down the street – the one that allows us to cross safely. The little green man featured on the streets of Taiwan is now accompanied by a female friend, just in time for Valentine’s day.

The animated man can be found holding hands with his friend when it’s time to walk, and some feature him on one knee proposing when it’s time to stop.

The project that has reached 40 traffic lights in the country so far is intended to make the old traffic lights more attractive.

Other countries have also decided to change up how their traffic lights look. In Utrecht, Netherlands, the traffic lights feature Miffy, a local rabbit cartoon character. Melbourne, Australia, sparked debate when traffic lights featuring female pedestrians were installed in March of 2017 to address gender bias.

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Thank you for reading this week’s round-up! If you’re interested in learning what it’s like to expatriate, don’t hesitate to ask some questions. At Escape Artist, we aim to ensure that your travels abroad run as smoothly as they can.Consumer Resource Guide

If you are interested in helping us plan an Escape Artist conference, fill out our quick survey to tell us what you want to see!

Whether you are planning on living, working, retiring, or investing overseas, Escape Artist can help you every step of the way. Don’t forget to check out the eBook store for the 2018 Expat Tax Guide and our wonderful country guides!

For more information on what’s going on in the international scene, check out some of this week’s newest articles!

BLOCKCHAIN IN THE FINANCIAL INDUSTRY

Today’s technology advances at a faster rate than the law does. This was never more true than with fintech and blockchain in the financial industry. This article will consider how banking is using and abusing blockchain and where it may take the industry.

Let me start by stating my premise: Blockchain and cryptocurrency are…

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IS BITCOIN LEGAL IN MEXICO?

Bitcoin has gained great popularity in recent months. Hundreds of thousands of Mexican citizens have been actively investing in the cryptocurrency due to the high returns it has offered since its inception.

But there is still one huge question looming over every person in Mexico investing in Bitcoin; “Is Bitcoin legal in Mexico?”

Currently, the country’s legislation places some restrictions on its use. The Bank of Mexico has stated that…

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GUADALAJARA – THE LATIN AMERICAN SILICON VALLEY

With his repeated statements about Mexicans and the need to build a wall, plus his demand to reduce the number of immigrant visas, it is not surprising to hear that President Donald Trump does not have many friends in Mexico or Silicon Valley. Even though his tax program will save Apple billions, he has few friends in the tech world.

Among Trump’s initiatives to impose his “United States first” agenda, he’s promised to reduce the availability of special visas that…

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WORKING ABROAD IN GERMANY

Germany is slightly unique from many other countries in Europe in that it doesn’t have specific residency permits for studying, living, retiring, or working abroad in the country. Expats looking to work in Germany will have to apply for a temporary German residency permit (good for one year, renewable annually) which is only approved once you can prove the reason for your intended stay (working, studying, etc.). The main approved methods for securing a residence permit to work abroad in Germany include:

General Employment

In order to be granted a residence permit with the right to work abroad in Germany for general employment purposes (not “highly skilled,” see below), your employer must show that…

Read more…

This article was published in the Escape Artist Weekly Newsletter on February 16, 2018. If you would like to subscribe to the newsletter, please click here.