Tag Archives: Guatemala

One Year Lived by Adam Shepard – Share this post and get your Ebook for free

One Year Lived written by Adam Shepard is a story about travelling in different countries around the world. Adam hopes his story will inspire others to get out and arm themselves with a broader perspective.


The book is a compelling intro to places you want to go. You can buy the paperback just published at Amazon.com for USD 15.95 or get the full ebook version for free here by sharing this blog post within 48 hours.

From late 2011 to late 2012, spending just $19,420.68, less than it would have cost him to stay at home, Adam visited seventeen countries on four continents and lived some amazing adventures. “It’s interesting to me,” he says, “that in Australia, New Zealand, South Africa, Europe, it’s normal for people to pack a bag, buy a plane ticket, and get ‘Out There.’ In the U.S., though, we live with this very stiff paradigm—graduate college, work, find a spouse, make babies, work some more, retire—which can be a great existence, but we leave little room to load up a backpack and dip into various cultures, to see places, to really develop our own identity.”

His journey began in “the other Antigua”—Antigua, Guatemala—where Adam spent a month brushing up on his Spanish and traveling on the “chicken bus.” During his two months in Honduras, he served with an organization that helps improve the lives of poor children; in Nicaragua, he dug wells to install pumps for clean water and then stepped into the ring to face a savage bull; in Thailand, he rode an elephant and cut his hair into a mullet; in Australia, he hugged a koala, contemplated the present-day treatment of the Aborigines, and mustered cattle; in Poland, he visited Auschwitz; in Slovakia, he bungee jumped off a bridge; and in the Philippines, he went wakeboarding among Boracay’s craggy inlets and then made love to Ivana on the second most beautiful beach in the world.

His yearlong journey, which took two years to save for, was a spirited blend of leisure, volunteerism, and enrichment.

Adam has agreed that if you share this post with your friends within the next 48 hours you will get his complete ebook “One Year Lived” of 284 pages for free in your preferred format from Tax & Money Havens. This deal is now closed.

Tax & Money Havens

Paraguay – Dollar economy – Still no personal income tax

Paraguay has a number of advantages going for it like 10% VAT (the lowest in South America), no personal income tax, 10% corporate tax (the lowest in South America), low labor cost, young population, plenty of commodities and enormous fresh water resources. In addition the capital Asunción has the lowest general price level in the world of any capital.

The personal “no income tax” regime should last at least to 2013 and very likely beyond. Bolivia and Guatemala are other countries in the region with “low or almost no” personal income tax. The employer’s contribution to social security is 16.5% of an employee’s (worker) total salary which includes bonuses. The employee’s (worker) portion is 9%

However, dividend distributions are subject to a 5% corporate income tax. Dividends distributed to non residents are subject to a 15% withholding tax.

Paraguay has a high degree of openness in the economy and a high degree of dollarization. There is no foreign exchange control in Paraguay.

Paraguay is a member of Mercosur. Other members of this trade organization are Argentine, Brazil and Uruguay. Venezuela is in the process of being a future member. The purpose of Mercosur is free trade with limited or no custom between its member countries as well as visa free travelling. Mercosur is planning to introduce the same “car plate” among its members.

See more in IMF research document regarding Paraguay here