Welcome!
My name is Jimmy Sexton, LL.M. I’m the founder and CEO of Esquire Group, a recognized international tax and wealth planning expert, and a regular Bloomberg contributor.
The truth is most international tax and wealth planning advisors have spent their careers behind a desk. But I practice what I preach.
I’ve built my own multinational business, put structures in place to protect my own wealth, and expatriated from the U.S. Textbooks are not a replacement for having skin in the game.
Most HNWIs know there are beneficial tax strategies they aren’t using and that they should put their wealth in a structure to grow it, protect it, and pass it on to their heirs in a tax-efficient manner. But they don’t know where to start or who to trust.
I’ll show you the innovative strategies I use to help myself and my clients achieve unparalleled asset protection, privacy, estate planning, succession planning, and tax benefits.
To me, the most important thing wealth provides is freedom, which is why securing it is vital. I’ll show you how.
Episodes
5 days ago
5 days ago
Discover the essentials of securing a second residency and / or citizenship, the legal pathways available, and hear real-world examples that illuminate the importance of preparedness in uncertain times.
There are various reasons Americans may want to get out of America, ranging from escaping natural disasters or civil unrest to taking a job overseas to wanting to leave America permanently. To discuss these different groups of Americans, we're joined by renowned immigration and citizenship expert David Lesperance.
In this first episode of a two-part series, we take a deep dive the first two group of Americans who may want to relocate abroad.
The first group being those who might seek temporary refuge outside the U.S. due to natural disasters or civil unrest. And the second group being those may want to spend a prolonged period abroad due to economic or political reasons, or the desire for a global upbringing for their families, find out how to legally establish a new life overseas.
Join us next week when we explore the reasons Americans may want expatriate by renouncing their U.S. citizenship, the tax consequences of doing, the process, and proposed new expatriation tax regime. We also delve in to tax saving options using trusts and foundations that are not available to Americans.
Tuesday Apr 02, 2024
Just Because You Don't Have a Passport Doesn't Mean You Aren't a US Citizen
Tuesday Apr 02, 2024
Tuesday Apr 02, 2024
Today we delve into the US citizenship topic, exposing the common myth that a US passport is the be-all and end-all of American identity. Discover the basis of US citizenship, learn about the legal pathways to acquiring it, and understand the significant tax implications it holds for individuals around the globe. Whether you're a US citizen by birth, through your parents, or considering expatriation, this episode is packed with critical insights for protecting your wealth and navigating the complexities of international taxation. Don't miss this essential guide to US citizenship and its impact on your financial landscape.
Remember, your passport and citizenship are separate. You can be a US citizen even if you never had a US passport. In fact, there are more US citizens without passports than with!
Download the Expatriation Exit Tax Calculator here: https://esquiregroup.com/expatriation-exit-tax-calculator/
Tune in to Wealth Uncensored for the expert insights you need to safeguard your assets and stay informed on the latest in international tax and wealth protection.
Wednesday Mar 20, 2024
Corporate Ownership of U.S. Vacation Home Risks Withholding Tax for Foreign Investors
Wednesday Mar 20, 2024
Wednesday Mar 20, 2024
In this episode we discuss the tax risks and provide insight into how foreign investors can manage them, discuss alternative structures such as trusts, and emphasize the importance of meticulous planning and consultation with tax professionals.
The US is a popular place for HNWIs to own vacation homes. But doing so individually comes with some often-overlooked tax consequences.
- Income tax on rental income and capital gains
- Estate tax on the value of the US real estate if the foreigner dies owning it
- FIRPTA withholding tax of 10% - 15% on the sale price when the property is sold
To mitigate the estate tax and FIRPTA withholding many HNW foreign investors purchase their US vacation homes through dual-corporate structure. Under the dual-corporate structure, the foreign investor sets up a foreign corporation that, in turn, sets up a US corporation that acquires the property.
This structure completely eliminates the estate tax and FIRPTA withholding tax when the property is sold. It does, however, come with hidden tax risks if the property is used personally, as a vacation home would be.
If the foreign investor doesn’t pay fair market rent for their use of the corporate owned vacation home, there will be a deemed dividend to the foreign parent equal to the value of the personal use. The deemed dividend is subject to withholding tax up to 30% without any allowance of deductions or possibly of refund.
Whether you already own a vacation home in the U.S., are considering investing in one, or are a professional advising clients on international real estate investments, this episode offers valuable guidance on minimizing tax liabilities while enjoying your investment to the fullest.
Download the Guide to Structuring U.S. Real Estate Investments for Foreigners here.
Want to know more about Trusts&Foundations? Find link to the guide here.
Tuesday Mar 12, 2024
Tax Challenges for American Entrepreneurs in the UAE
Tuesday Mar 12, 2024
Tuesday Mar 12, 2024
Dive into the complex world of tax compliance for American entrepreneurs in the UAE in the latest episode of Wealth Uncensored. Discover the pitfalls of inadequate tax planning and learn how U.S. tax laws apply to you as an American business owner in the UAE. Whether you're self-employed or the owner of a UAE company, this episode is packed with critical insights and strategies for navigating your U.S. and UAE tax obligations effectively.
Learn about the nuances of UAE's 9% corporate tax, the implications of owning a company, and the strategic moves you can make to minimize your tax liability while staying compliant. From leveraging tax credits to considering expatriation, we cover the gamut of options available to optimize your tax situation in the UAE.
Don't let tax complexity hinder your international business ambitions. Tune in to gain the knowledge you need to make informed decisions and position your business for success in the global marketplace.
Monday Mar 04, 2024
Americans Can't Save Taxes by Going Offshore
Monday Mar 04, 2024
Monday Mar 04, 2024
Today we tackle the misconception that Americans can reduce their tax burdens by moving assets offshore. We dispel the myth and explain why offshore strategies, like using foreign corporations and trusts, often fail to deliver significant tax savings, if any. Discover the complexities of the US tax system and the risks associated with offshore planning, including a discussion of Subpart F, GILTI, and other anti-avoidance measures.
Download the guide "International Tax Form Filling" https://esquiregroup.com/international-tax-filing-guide/
Monday Feb 26, 2024
Why Expatriating from the U.S. Without a Strong 2nd Passport Is a Gamble
Monday Feb 26, 2024
Monday Feb 26, 2024
In this episode find what is the risks associated with expatriating from the U.S. without a strong second passport. Delve into the complexities of renouncing US citizenship and discover the importance of thorough planning and consideration.
More information on expatriating:
- Unique Expatriation Issues: https://www.podbean.com/ew/pb-tv3hh-e6e975
- The Ultimate Guide to Expatriation from U.S. https://youtu.be/r_S_15ljUwo?si=axR7nKl-0EMSoZa0
- Expatriation Taxes: Basics and Strategies: https://esquiregroup.com/expatriation-taxes-esquire-group-blog/
To find out if you are covered expatriate and what is your estimate exit tax Download Expatriation Tax Calculator https://esquiregroup.com/expatriation-exit-tax-calculator/2
Sunday Feb 18, 2024
Navigating the Perils of Flee Clauses
Sunday Feb 18, 2024
Sunday Feb 18, 2024
Explore the complexities of "Navigating the Perils of Flee Clauses" with me. Gain insights into the benefits and potential pitfalls of flee clauses, an essential topic for those with or considering asset protection trusts. I delve into the nuances of defining events of jeopardy and duress, urging caution against generic flee clauses. Discover the importance of meticulous planning, choosing a backup jurisdiction, and onboarding a trustee in advance for effective implementation. Don't miss out on this deep dive into safeguarding your assets intelligently.
Sunday Feb 11, 2024
Foundations: The Smart Way to Invest in UAE Real Estate
Sunday Feb 11, 2024
Sunday Feb 11, 2024
Discover the smart way to invest in UAE real estate with me in the latest episode, "Foundations: The Smart Way to Invest in UAE Real Estate." Dubai's real estate market is booming, and I will unveil how leveraging foundations provides not just asset protection and privacy but also ensures your estate is distributed according to your wishes. Investing individually comes with risks, but foundations offer solutions – asset protection, privacy, and streamlined estate planning. Learn how foundations empower control and streamline management, especially for overseas investors. Don't miss out on securing your real estate investments intelligently.
Sunday Feb 04, 2024
The Billionaire Tax Today, Everyone Tomorrow
Sunday Feb 04, 2024
Sunday Feb 04, 2024
This episode isn't just about billionaires; it's a window into the future of taxation that could impact a wider audience. Gain valuable insights into navigating the complexities of financial planning, taxation, and ensuring resilience in an ever-changing landscape.
I unravel the layers of the proposed Billionaire Tax Act and its potential repercussions for the broader taxpayer base. Join me as we navigate through the intricacies of this tax reform, exploring effective strategies for billionaires, the limitations of expatriation and trusts, and the historical parallels to the evolution of income tax.
- Understanding the Billionaire Tax Act: A mark-to-market tax on unrealized gains.
- Strategies for billionaires: Expatriation, trusts, and their potential pitfalls.
- Broader implications: Exploring the act's potential extension beyond billionaires.
- Historical context: Drawing parallels to the evolution of income tax laws.
To delve deeper into tax planning and financial strategies, check out my Trusts & Foundations Guide. Download link here.
Sunday Jan 28, 2024
How HNWIs Are Redefining Safety as a Luxury
Sunday Jan 28, 2024
Sunday Jan 28, 2024
Ever wondered how safety became a luxury for HNWIs? Join me as we delve into the shifting dynamics of security. From personal experiences in Dubai to the global rise in crimes against the wealthy, we explore the changing behaviors and choices of the affluent. Discover why safety is now a sought-after luxury, influencing where HNWIs choose to reside and how they live. In a world where personal safety is a growing concern, countries prioritizing security are set to attract and thrive with HNWIs. Tune in for insights into this evolving paradigm and subscribe for more episodes on crucial topics impacting the world of wealth.