$17.5B School Taxes

Thailand's joint visa plan, Biden's EV tariffs, Turkey's nomad visa, TikTok ban, and more—discover all in The Weekly Rundown May 16, 2024 [image] [Event]() | [Citizenship]( Welcome to the Weekly Rundown. Thailand is spearheading a game-changing initiative to introduce a Schengen-like visa for Southeast Asia, aiming to attract affluent long-haul tourists. Prime Minister Srettha Thavisin has been in talks with neighboring countries to establish this joint-visa program, which promises seamless travel among six nations, including Cambodia, Laos, Malaysia, Myanmar, and Vietnam. Biden's 100% Tariffs on Chinese EVs [image]() President Joe Biden has escalated the trade war with China by imposing 100% tariffs on electric vehicles, quadrupling the previous rate. This significant move targets key industries where China outcompetes global rivals, aiming to protect American jobs and industries. The new tariffs, which will be phased in over three years, also impact semiconductors, lithium-ion batteries, solar cells, and medical supplies. Read the full story [here](=). [image] One Visa, Six Countries [image](=) Thailand is spearheading a Schengen-like visa for Southeast Asia, aiming to attract affluent tourists and boost regional travel. Prime Minister Srettha Thavisin's plan includes extending visa validity, new casinos, and event-based tourism. This initiative promises to revolutionize travel and strengthen economic ties across Cambodia, Laos, Malaysia, Myanmar, and Vietnam. Read the full story [here](). [image] N.J. Residents Face $17.5B School Tax Bill [image](=) New Jersey residents were billed a staggering $17.5 billion in school taxes last year, marking a 2.8% increase from 2022. On average, homeowners paid $5,139, making up more than half of the total property tax bill. Wealthy communities like Mountain Lakes saw the highest average bills, while Jersey City paid the most overall. Discover how much your town contributed to New Jersey's top-rated public school system. Read the full story [here](=). [image] [image]() NOMAD CAPITALIST LIVE 2024 Our event has quickly sold out all general admission tickets. However, a limited number of VIP tickets are still available for our largest event yet, happening in Kuala Lumpur this September. [SEE THE DETAILS](=) Biden's Plan for Higher Taxes: What You Need to Know [image]() President Biden's administration is preparing for a major tax battle as 2017 GOP tax cuts are set to expire. National Economic Advisor Lael Brainard outlined five key principles, including raising taxes on corporations and the wealthy, while maintaining tax breaks for middle- and working-class families. This move sets the stage for a significant political clash over the future of the U.S. tax system. Read the full story [here](=). [image] New UK-EU Deal [image](=) The European Commission has proposed a new agreement to enhance mobility for young people between the EU and the UK post-Brexit. This plan would allow individuals aged 18-30 to live, work, and study in either region for up to four years, aiming to restore opportunities lost after Brexit. The agreement would also equalize university tuition fees for EU and UK students. Read the full story [here](). [image] Lithuania's Dual Citizenship Referendum Fails Again [image](=) Lithuania's bid to amend Article 12 of the constitution to allow dual citizenship has failed for the second time. Despite 73.9% of voters supporting the change, it fell short of the required 50% of all eligible voters. The amendment aimed to ease restrictions on dual citizenship for those who emigrated after 1990. This outcome leaves many Lithuanians still unable to hold multiple citizenships. Read the full story [here](). [image] [image]( THE SECRETS TO KEEPING MORE OF YOUR MONEY New to the global lifestyle and want a comprehensive guide to the offshore world? Our fast-paced, action-packed book offers a fun and detailed overview of all possibilities awaiting you. [GET YOUR COPY]( TikTok Ban: What It Means for Content Creators [image](=) TikTok is facing a potential U.S. ban after President Biden signed a bill demanding its sale within a year. Content creators, who rely on TikTok for their livelihoods, fear losing significant income. The modern creator economy is valued at $250 billion, with many creators unable to replicate their success on other platforms. While some believe creators have time to adapt, the potential ban could still have drastic effects on their financial stability and the broader influencer market. Read the full story [here](=). [image] How Mexico’s Super Peso Impacts You [image]() The Mexican peso is the strongest it’s been since 2015, offering both opportunities and challenges. A strong peso allows Mexican consumers to buy foreign goods and travel more cheaply, while foreign investors pump capital into Mexico, boosting job creation and economic growth. However, it also makes Mexican exports and tourism more expensive. Despite these potential downsides, Mexico's economy is booming, driven by nearshoring and significant investments from manufacturing and tech companies. Read the full story [here](). [image] Live and Work in Turkey: Apply for the New Digital Nomad Visa [image]( Turkey has launched a digital nomad visa, allowing remote workers to live and work in the country for up to a year. Eligible applicants must be between 21-55, from specific countries, and meet income requirements. This visa opens doors to explore vibrant cities like Istanbul and seaside towns like Izmir. With affordable living costs and rich cultural experiences, Turkey is a prime destination for digital nomads seeking adventure and a change of scenery. Read the full story [here](. [image] [image]() NOMAD PASSPORT INDEX 2024 See where your passport ranks in the global pecking order with the Nomad Passport Index 2024. Find out if your passport opens doors worldwide, or encounters more barriers... [YOUR PASSPORT RANKING](=) What is a High-Net-Worth Individual? [image]( A high-net-worth individual (HNWI) is someone with at least $1 million in liquid assets. HNWIs have access to unique investment opportunities, wealth management services, and estate planning strategies that differ from typical financial planning. They focus on long-term goals, such as preserving generational wealth and optimizing charitable giving. If you're aiming to reach HNWI status, start by investing consistently and diversifying your portfolio. Read the full story [here](=). [image] [image]( = = [Manage Preferences]( | [Unsubscribe]( Nomad Capitalist Limited 2301, 23F Bayfield Building 99 Hennessy Road Wanchai Hong Kong +1 (979) 966-6623