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Cayman Islands, Costa Rica Sign Tax Pacts With U.s.

The island nation of 53,000 people has no income tax and is frequently labeled as a tax haven by critics. It is one of the world's most popular destinations for investment funds to organize for tax purposes. Costa Rica was one of three Central America countries the Organization for Economic Development and Co-operation (OECD) has tagged as a tax haven. Panama and Belize were the other two. Significantly, the Costa Rica deal is reciprocal, meaning the Costa Rican government can get tax information about its citizens with assets in the United States. The trading financial information, though not part of the Cayman Islands deal but included in many of the other 11 FATCA agreements, has rankled U.S. banks.
More: http://www.reuters.com/article/2013/11/29/usa-tax-fatca-idUSL2N0JE0PW20131129

Costa Rica's Recope and Petroperu buying fuels, Pacific El Informe Rubiales offers Colombian crude

The US government is on a mission to collect as much revenue as possible and close all the loopholes that lead to tax evasion overseas. Costa Rica and Cayman Islands are the latest countries to make agreements with the United States, who says it has made pacts with 12 nations and plans to pursue 16 others. Not all agreements are the same, but in general, most stipulate that foreign financial institutions provide annual reports to the Internal Revenue Service on American citizens with more than $50,000 on account with the companies, CBS says. The US tax revenue lost in countries like Costa Rica is estimated to be in the range of tens of billions of dollars to hundreds of billions. The notoriety of the Cayman Islands as a tax haven for millionaires, who try to avoid the American tax rates took a front seat during Mitt Romneys bid for the White House when he was required to release his tax information. Romneys 2010 income tax forms and an estimated 2011 form showed the use of the Caymans, Bermuda, and Switzerland as overseas destinations that appeared to help lower his tax rate on $13 million in income to 14.1 percent. The Romney campaign vehemently denied that such was the intent and added he saw no tax savings at all.
More: http://www.inquisitr.com/1049718/costa-rica-will-no-longer-allow-americans-to-avoid-taxes/

Costa Rica Will No Longer Allow Americans To Avoid Taxes

The firm will receive offers until December 3. Recope, which operates the 25,000 barrel per day (bpd) Cano Limon refinery, awarded a previous tender in August to Valero Energy to home page receive 67 cargoes with a total volume of 14.25 million barrels of motor gasoline, diesel and jet fuel during 2014. The Puerto Limon refinery in Moin is undergoing an expansion program to reach 60,000 bpd of capacity in 2015. The Peruvian state-run oil company Pluspetrol also launched a tender to buy two combined cargoes of 290,000 barrels each of ultra low-sulfur diesel (ULSD) and jet fuel, to be received at Conchan and Callao ports. The first cargo must be delivered between December 28 and January 2, while the second one is scheduled for January 26-30.
More: http://www.reuters.com/article/2013/12/02/oil-latam-tender-idUSL2N0JE0YV20131202

Costa Rica closes probe into 1984 bombing that killed 3 journalists, saying lone suspect died

Also, in San Jose is the bus depot at the old Coca Cola bottling station. Many people remind visitors that this area can be a little seedy, but I never felt in danger. Just make sure you keep your purse and other belongings in front of you, and/or tucked tightly under your arm to make your valuables El Informe a not-so-easy target. Anyhow, getting to the beach from San Jose was also an easy endeavor. We asked an officer where the ticket booth was (in Spanish) and he was very helpful. Actually, there were a lot of officers who were always willing to help out some gringas.
More: http://www.costaricantimes.com/costa-ricas-public-transportation-system/22950

Video: The Perks of Living in Costa Rica

When we moved to Tamarindo, a popular but still laid-back beach town on the northern Pacific coast, we moved into a three-bedroom condo a few minutes walk from the beach. Usually a El Informe vacation rental, the furnishings were top notchlike granite countertops in the kitchen. We paid just $1,075. A similar place that close to the beach in our home state of Florida would have gone for triple that. Then theres the shift in attitude.
More: http://internationalliving.com/2013/12/video-perks-living-costa-rica/

Costa Rica?s Public Transportation more info System

Attorney General Jorge Chavarria says DNA tests verified suspect Roberto Vidal Gallini's identity and also showed he has been dead since 1989. Two Costa Rican cameramen, four Nicaraguan rebels and U.S. journalist Linda Frazier were killed and more than 20 people were wounded in the blast at the village of La Penca, near Costa Rica's border with Nicaragua. Costa Rican authorities said at the time that they suspected the bomb was planted by a man who posed as a journalist in a failed attempt to kill Contra rebel leader Eden Pastora.
More: http://www.foxnews.com/world/2013/12/02/costa-rica-closes-probe-into-184-bombing-that-killed-3-journalists-saying-lone/

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