Friday, August 28, 2009

Switzerland Boasts World's Best Wages but it's not the Cheapest Place to Live

Employees in Zurich and Geneva have the highest net wages in the world, a study by banking group UBS shows, while those in India's Mumbai take home the lowest.

The Swiss cities were also ranked among the top five most expensive in the world in the bank's 2009 "Price and Earnings" international study.

"With its extremely high gross wages and comparatively low tax rates, Switzerland is a very employee-friendly country," the Swiss bank said in a statement.

"No other cities allows workers to take home more income at the end of the month than Zurich and Geneva."

Oslo was this year's most expensive city, based on a standardised basket of 122 goods and services, followed by Zurich, Copenhagen, Geneva, Tokyo and New York.
When rents are also taken into account, however, New York rises to the top spot, the study said.
London, which was the second most expensive city in 2006, fell nearly 20 places following the pound's drop earlier this year.

The analysis involved more than 30,000 data points, collected by several independent observers in each city, in March and April, the bank said. All amounts were converted into a single currency before being compared.

The world's cheapest places to live were Malaysia's Kuala Lumpur, Manila in the Philippines, and India's Delhi and Mumbai.

Friday, August 14, 2009

Forbes Names Greeley as the one of the Cheapest Places to Live

Forbes named Greeley as the 13th cheapest place to live in the U.S. but where the heck is Greeley?

I love the first comment for this article on the Forbes page,

"Yeah but whats in Weld county but cows and wetbacks that run stop signs and kill people, no thanks but I will stay in Buffalo Fart Wyoming."

OK, it may be one of the Cheapest Places to Live but where the heck is Greeley???

Greeley is in The Forbes article, "Where to live cheaply," looked at 380 U.S. metro stats areas and divisions. 1st it ranked all the cost-of-living data from Moody's and then home affordability from the National Association of Home Builders and Wells Fargo.

But, go figure as the commentor said, "whats in Weld county but cows and wetbacks that run stop signs and kill people!".

At least places like Panama offer low cost, exotic living with tropical weather and tranquilo people!

Wednesday, August 12, 2009

Tax Haven Myths and Facts

If you're looking for the cheapest place to live this is a very interesting and important lesson. Taxes have a dramatic impact on creating the Cheapest Places to Live.

Watch it once, watch it twice. If you find yourself resisting - defending, justifying - pause, write down your objection and then keep watching!

Tax Haven - Myths and Facts

Having previously discussed the Economic Benefits, as well as the Moral Necessity of Tax Havens, and their role in creating legitimate tax competition and liberalizing economies, Dan Mitchell discusses the facts surrounding six of the biggest myths about the idea of tax havens:

1. Tax havens promote tax evasion.
2. Attacking tax havens promotes more compliance with tax laws.
3. Tax havens create higher taxes elsewhere.
4. Tax havens promote bad policy.
5. Tax havens are all rogue political regimes.
6. Tax havens promote money laundering.


Click Here - Organized Exploitation: Tax Havens: Myths vs. Facts - to watch the presentation.

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Tuesday, August 4, 2009

Panama Travel 101: Who are the Kuna Indians?

An interesting trip to see the Kuna Indians in San Blas. As you saw in my post from last season I spent a few days enjoying the beautiful San Blas archipelago and the beautiful, peaceful people of San Blas - the Kunas. Enjoy!

Panama Travel 101: Who are the Kuna Indians?

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