Jaime Novoa is today's JetSetter guest and he sits down with our host Jason Hartman to talk about Spain's current economy. Jaime runs a blog called Novobrief and in the blog he talks about what the investment landscape looks like and growing new businesses in the Spain market. In today's episode, Jaime talks about the unemployment rate, why Spain isn't entrepreneur friendly, Spain's current exit tax, and more. 

Key Takeaways:

2:00 – There's a big employment gap between the North and South of Spain. 

4:35 – The Spaniards are used to being taken care of by their parents well into their 30s.  

6:30 – Most young, ambitious Spaniards leave Spain to work in London or other highly-driven countries.

9:30 – Jaime talks about Spain's exit tax and what that means. 

13:40 – If you want to be self-employed, you have to pay a $250 Euro monthly fee even if you don't make profit. 

18:10 – Jaime hopes when young people leave Spain and see the true ambition in other countries that they will want to come back home and make a difference. 

Mentioned In This Episode:

NovoBrief.com

Jason Hartman invites Budget Travel president Elaine Alimonti to the Jet Setter show to talk about some of the top locations to travel to in 2015. Elaine talks about what to do if you're a solo traveler, how today's sharing economy has made it easier than ever before to travel on a budget, and some great travel hacks relating to airfare prices on today's episode. 

Key Takeaways:

2:00 – Price never needs to be impediment to great travel.

6:50 – Budget Travel has a roundup of some of the top places to go to this year.

10:10 – First time solo travels tend to hit English speaking locations first. 

13:20 – Tuesday is the best day to purchase an airfare ticket. 

17:30 – Elaine explains what hidden city ticketing is. 

20:10 – Budget Travel publishes an app called Road Trips, which lists 100 of the best US road trips. 

Mentioned In this Episode:

TouristEye

Viator 

Trafalgar

Contiki

Skiplagged

BudgetTravel.com

Road Trip

Jason welcomes Chris Picciurro on the show to talk about taxes. He is the co-found of Integrated Financial Group as well as a CPA. He specializes in taxes for non-resident and non-US citizens looking to purchase property in the United States and he also has some great advice to give for US citizens looking to purchase overseas. On the show, Jason and Chris break down some of the complicated tax laws that are only applicable to non-residents such as estate taxes, withholding tax, and much, much more. 

Key Takeaways:

3:00 – What are some things foreigners need to consider when purchasing a property? 

8:10 – Foreigners would have to file a 1040nr.

14:30 – As a non-resident you're only allowed to transfer $60,000 worth of assets, but there are ways around this. Chris explains. 

23:15 – Chris explains what a tax treaty is. 

25:10 – In this segment Chris goes into what US citizens need to know when buying property overseas.

28:30 – When US citizens move overseas to work, you get a foreign income exclusion of $100,000. 

31:40 – If your entity made money and you did not take that money out, would you still have to pay taxes? Chris explains.   

Mentioned In This Episode:

http://www.integratedcpa.com/

http://nta.integratedfg.com/

https://twitter.com/picccpa