Immigration reform, long time in the works, looks like it’s on the way. A bipartisan United States House of Representatives group hammered out an immigration-reform deal late last week after years of closed-door meetings and last-minute brinksmanship from a top Democrat. Read Marc Caputo and Franco Ordoñez Miami Herald article here: http://bit.ly/10Wg9sX – Brought to you… Continue Reading
Foreign Land Ownership in Mexico on the Table
Mexico definitely has something the U.S. doesn’t: miles and miles of unspoiled beaches, all over the country. Now, it may become a hot retirement destination for gringos. A long-standing ban on foreign land ownership in Mexico may soon be lifted, making its coasts more attractive U.S. retirees. One word: Arriba! Read Tim Johnson’s Miami Herald… Continue Reading
Mexicans Accused of Dirty Laundry in Miami
I have always maintained that Mexico is an absolutely wealthy country. The problem isn’t the lack of money, it’s what to do with such immense amounts of it. Apparently, turning pesos to dollars is high on the list. Earlier this week, a pair of Mexican currency brokers were charged in Miami federal court with laundering… Continue Reading
South Florida Trade Outlook Optimistic, Generally
Trade, glorious trade. That’s what we sing here in South Florida whether you work in the sector or not. Foreign goods and money keeps us afloat. Last year set a record for South Florida’s trade with the world and 2013 is shaping up to be another solid year –with a few exceptions. Let the good… Continue Reading
Reasons to be Optimistic About Miami Economy
By: Rosa Eckstein Schechter, Esq. – Guest Contributor The floodgates for unprecedented foreign interest in Florida real estate, especially commercial development, may be opening for Miami and South Florida as many miles to the south of us, the Panama Canal expansion comes closer to completion. Why? Global trade is expected to explode here on the… Continue Reading
Tax Sunset Provisions and Tax Reform of the Fiscal Cliff Deal
By: Oscar Grisales-Racini, Esq. Congress has just passed the tax-oriented provisions of the so-called “fiscal cliff” deal (i.e., ATRA). In summary, and as might be applicable and relevant to most of our clients, the following are some of the features of the ATRA recently released, and worth noting: 1. Preferential long-term capital gains (i.e., 15%)… Continue Reading