Best Places to Live in the World - #6 Luxembourg

OK, I know I have been counting down the Best Places to Live list daily but today I had a little more time so I thought I would throw up #6 - Luxembourg.

Many have heard of this place but know very little about it. Luxembourg is in fact one of the richest countries in the world!

If fine dinning is your idea of Quality of Life you can't beat this place! According to International Living it probably has the highest density of top rated restaurants in the world.

Luxembourg was the founding member of the European Union and it's a very small country - just 51 miles long and 35 miles wide. Just proves you don't have to be big to be one of the best especially when you consider the size of this place to Canada or the United States who are huge but lower on our list. Funny, Luxembourg could fit inside some of Canada's and the United States cities!

The population is a scant 420,000 people of which 1/3 where born elsewhere. Luxembourg is still ruled by a 'Grand Duke' which is quite appropriate given the medival look to the homes and castles with turrets, bridges and flower filled squares.

Luxembourg has one offical language but is really multi lingual as 60% of the work force are foreigners. In position #6 on our list of the Best Places to Live in the World Luxembourg also is known for high finance, asset protection and as a tax haven.

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.

Enjoy!

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

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Tax Haven Savings

Thinking about the cheapest places to live typically involves looking at how much the basics of life cost. However, it's often the unseen expenses that take the biggest chunk out of your lifestyle.

More and more we are all becoming aware of the role taxes can play in making or breaking the bank account. Wouldn't it be nice to live in a place where property taxes are waived for five, ten, even up to twenty years? How about no taxes om interest income or income derived from sources outside of the country? Fantasy? Not in Panama. If asset protection and tax savings are a high priority for you than the benefits of living in Panama make it best place to retire.

Panama continues to be recognized as one of the leading nations for asset protection and tax savings. In his popular blog, The Way it Looks from Here, Bob Bauman reminds us that Panama still ranks at the top as world class tax havens.

In this recent blog post Bob also shares some insights into International Living and the recent price hikes in Panama City Real Estate. Take special note of Bob's comments, "the big downer in Panama at the moment is the upward spiral of real estate prices, mainly in condo-saturated Panama City." and, "There are still many good bargains in beach front and mountain properties away from the city, but you have to be careful and do your shopping."

Bob praises the strengths of Panama and also comments on the difference between a simple retirement destination vs one which can provide the added benefits of asset protection and tax savings. You may be thinking, I don't have enough money to worry about that. This stuff is just for the big cats with loads of cash. I encourage you think, read Bob's blog and think again. In todays volatile world we all need to be thinking asset projection and looking for ways to save taxes. 'cause it ain't gonna get better anytime soon!

To Learn About Panama and how this safe haven could be a very smart investment sign up for our Free 'Letters from Panama'.