Has The Country Gone Crazy?

No, I am not talking about Indonesia; I am talking about the United Kingdom. I have just returned from a short holiday there and was able to find more reasons for staying overseas! Here are some of the stories that were hitting the headlines while I was there: Mother allowed underage daughters to have babies […]

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A New Year – New Challenges

The devastating earthquake and tsunami, from which Bali was fortunately spared, has reminded us once again of our fragility and of the need to prepare for the unexpected. I don’t think I need to say any more about that resolution to make sure you and your family are protected in the form of medical, life […]

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Life Insurance Explained

I have often reminded readers of the importance of protecting dependents. Most expatriates in Jakarta have a degree of life cover. This is because they generally work for large companies so an element of life insurance, perhaps the equivalent of a couple of years’ salary will typically form part of a package in addition to […]

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Fund Managers Address Audience In Bali

On 16 March several leading fund managers flew into Bali from the UK, Australia and Hong Kong to address a large invited audience at the Bali Hyatt. Between them the managers control funds containing hundreds of millions of dollars, some of which belong to many members of the audience, so what they had to say […]

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Opportunities And Pitfalls For Aussie Expats

Do you keep a pet in Australia? If so, it could affect your tax status! But more on this later. A couple of articles ago I warned of the perils facing US nationals who held offshore accounts or investments and were not reporting them. This time we will consider the position of Australian expats. The […]

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Coping With Offshore Banking Rules

Are overseas banks and financial institutions driving you up the wall? They are certainly having that effect on me. Apart from what appears to be a growing number of instances of ‘missing’ or delayed transfers the greatest misery is being caused by the anti-money laundering rules. What is money laundering? Basically, money laundering is the […]

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Good News And Bad News For American Expats

The bad news US nationals living in Bali, do you want the bad news first? Uncle Sam is getting tougher on those who are hiding assets offshore. Penalties for willfully hiding those assets will be rising to a minimum of US$100,000 or half the value of the account or investment, whichever is the greater. A […]

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