Countries that Trap You For Taxes
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The greatest advantage governments have is that they've brainwashed people to believe that there is nothing better.
Over the last couple of years, we have watched how more countries want to keep you trapped. They want to take your money by proposing new taxes and reducing your freedom. That's why they cut out the exits. In this video, Andrew talks about countries that trap you in their tax system and how you can deal with that.
00:00 Start
00:47 Different Tax Systems
01:45 Taxes in the USA
04:03 Hiring People
05:11 Why People Are Leaving Canada
07:11 Leaving the USA
09:27 South African Tax System
10:18 Taxes in Hong Kong
10:53 Real Estate Taxes
11:29 Taxes in Canada
12:46 Cancelling Passports
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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I took a Caribbean cruise back in December. I met a very wealthy older guy who lives on cruise ships. Says they feed me, clean my bathroom and make my bed. It's better than living in a senior's home. It sounds like a life I could get used to.
I met a similar couple on a Carnival cruise between California and Mexico a few years back. Apparently, the cruise lines don't mind and even give them special privileges such as allowing them to stay on the ship when everyone else has to disembark.
@@robinsattahip2376 The cruise lines love people like that. This old guy hangs his hat in Naples Florida and cruises mainly in the Caribbean. I have 3 years until retirement and plan on doing 2-3 cruises a year. Living on a boat is a bit too rich for me. lol.
It's a good idea if their health permits them to do so. Healthcare is pretty basic on cruise ships and it is hard to manage well many chronic illnesses that way.
I wish i can live out such a lux life when i get old 😂
wow, they must be rich
Hi from Thailand, it's not just taxing, it's public pensions (the foreign equivalent of Social Security) that governments are using against expats or to keep people at home and spending their benefits at home. For example, if you leave Britain and move here, you no longer get any cost of living increases. Obviously, that doesn't hurt too much at first, but after a few years, it starts to add up, especially with inflation as high as it is.
Australia is another horror story, they will also reduce your pension to the absolute minimum if you are out of the country for more than 6 weeks and under some circumstances cut it off entirely and their airports keep absolute track of who is, and who is not physically in or out of the county.
This does not affect your 7 figure clients, but for working-class people, it means they are stuck in their country of birth.
Britain is particularly odd, it's like those who are in Britain resent or are jealous of those who leave, you can constantly read that in the British media.
To its credit, America has not done anything like that yet with Social Security, or state pensions like Calpers, in fact, they will even deposit your payments in the New York branch of Bangkok Bank if you want. Still, if or when enough Americans start leaving one can expect the US will follow Britain and Australia.
Finally (sorry this is so long) expats make great targets because most of us don't vote. I'm not going to drive 120 miles to the embassy in Bangkok to choose between the two idiots the major political parties are usually offering. There are far fewer expats here now than there were when I came here 17 years ago for the above reasons.
What does Britain do with the pensions if you're abroad?..
As far as I know. The issue I see with Canada is that they are happy to take your tax dollars if you live abroad at the same time denying you all the benefits such as retirement pensions, public supplemented education and universal health care.
You can declare non-resident status in Canada. But you need to cut all ties… so no ownership or property such as houses or cars. Technically you should not have a bank account or credit cards with Canadian banks.
@@Dfgbuiiyyyybb I'm aware that this is the current state of affairs. The point I'm making is that if 1) you choose to keep praying tax for whatever reason. Or 2) the government moves to a citizenship based tax, those outside the borders are paying yet no benefits extend beyond the borders except consular services, as far as I'm aware.
Must be a Commonwealth thing sounds like Aus
@@geraldenright410 same for US citizens already as far as I know
Are you sure you can’t own any properties in Canada if you declare non-residency? I have good friends who have moved to Dubai, declared non-residency in Canada and still owns 5+ properties in Canada. They told me that they pay slightly higher taxes from the rental income as a non-resident but it goes into a “hold” which they get back from the government. I was told where there is significant taxes are the capital gains from selling Canadian properties as a non-resident, if you don’t sell, you’re okay!
The people inventing these tax systems that never allow you to escape are also the first ones to complain about slavery
Smoke and Mirrors, they don't want people to recognize their Serfdom, so they cry about what it looks like elsewhere.
Appreciate you bring up your story. Not a great deal of individuals have your cosmic expanding radius which I appreciate of you. Blessed you are with your Businesses, your warm heart team, your clientele, your living places, your environment, your uhnwi surrounding, all of it help you, your businesses, your team, your clientele, your ever expanding mind absorbs mostly only the most elevated thoughts and money making ideas, creating everlasting freedom
BLESSINGS & GRATITUDES
What i hear you saying is your country owns you like live stock, they think we are all pigs to be harvested, i gave up working when i saw we were being taxed overall by 87%, my first tax bill after starting a business was £40.000 and i thought where is the incentive im working for them so i bough my house and retired with what i had, working is a waste of time here in the UK
Even I am on your side on this and I am a poor bastard. Although I am from the EU, not the US. This blunt taxation of the rich is always a dumb move in my opinion.
Canada already has 'Tax Agreements' with other countries, like Perú. You pay in one....you don't pay on that in the other.
You should only pay taxes for the country you are in (or paid from). If you live and work in France, but are American for example, then you should pay the French tax, as the services you receive for the tax are all in France.
Through restructuring my company, I found a way to make as much money as I want as a resident of France, and being an American citizen to not pay ANY taxes in France, except the minimum wage amount that I pay to satisfy my visa requirements in France (on 18K per year, it amounts to about 6K taxes per year), but 6K is worth it to me to be able to live in France.
Rightly said! Well, I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figure in 3 month, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
Well said, I am also here to learn more genuine ways on short term investment as lot of people making huge figures, any idea here
@@rajeshupadhyay5683I'll suggest you lookup Christine Lynn Saitta, she's the real investment genius and has also helped me handled my trades for over 17 months now
Despite the economic crisis and the rate of unemployment now is the best time to invest.
For those of us stuck in our countries, we do need to start talking about restructuring ownership to reduce taxes. In the US, we have a lot of options, which is why few Americans were found in the Panama Papers, because the US onshore could even be a tax haven in a way.
Thank you!!
This is so important!
The most important thing that Andrew leaves out in this is the inflation rates in these countries. That’s a big factor you cannot ignore.
Just subscribed and I love your content! I am a Expat and may need your services in the immediate future. Outstanding Observations!!
Excellent content as always, Andrew! @Nomad Capitalist
I am leaving Canada for the Dominican Republic where my wife is from and even if you have a bank account open in Canada without any money it it is enough for Revenue Canada to consider you as a resident! For a clean break you have to have nothing in Canada and fill out a tax exit form where you will pay an exit tax! I also read the tax treaty Canada has with the Dominican Republic which is reasonable if you want to keep assets in Canada, but that is likely to change with the majority tyrannical Liberal/NDP government
I'm a Canadian tax lawyer and what you've said isn't accurate. The CRA is an administrative body and it may harass you into thinking / admitting you're a resident when you aren't. A judge will laugh the CRA out of court if they tried to make you pay tax solely on the basis of you having a Canadian bank account and no other ties to Canada. ...An exit tax doesn't exist in Canada. You could possibly own property with an unrealized capital gain. When you leave Canada, there will be a deemed disposition as the gain arose when you were a resident and should properly be taxed in Canada.
@@RK-cy4ny Good to know thank you. Point being I will make as difficult as possible for them to claim I am a Canadian Resident
Libtards ruin everything and are commies.
I keep telling people that we're property of global trade plantations and that the laws against immigration are laws to keep you from leaving the plantations.
You are also literally trapped in Australia. Travel ban for those unvaccinated has remained in place for 2+ years now. Very literally a prison island.
Yes, like Canada 🇨🇦 ...aka Chinada. 😠
Prison Island? Australia has gone full circle then, lol.
I’m in the same boat, looking to move to the UK towards the end of this year. You can leave if you agree to be gone for atleast 3 months, not ideal but it is possible.
@@Ben_3113 What do you mean at least 3 months? How does that work?
Sounds like its just getting back to its roots
The US doesn’t take care of its citizens and doesn’t want them to leave. Makes no sense to me..
That's because the US has become a prison nation. What's a shock is that the walls haven't been built under the auspices of keeping people out when in fact the reason is to keep people *_IN!_*
It's a prison
The farmer doesn't want the cow to leave, so he can continue milking it.
Because we're slaves. US is a plantation of NATO. They need us to be their servants and trade producers. Slavery wasn't abolished, it was expanded to include everyone.
Because I been in the United States my entire life and finally about to get my passport and leave the reason why is because the countries that tax their citizens heavily that’s how they make the most money off of people and keep them poor they always keep you poor always keep you poor by creating government incentives funding programs they also keep you poor by over government regulation and make pointless laws out of Chaos the only thing is and k hope y’all read this comment because you will become more aware about governments that run economies like this the only way this works is if you keep most citizens within that country and this is a big problem for the United States Canada the u.k all first world countries that doesn’t produce there own products and utilize that of a tool of barter or to improve the economy but unfortunately the first world countries utilize taxation as a solution for everythihgv
I’m 42 years old I was born in Guadalajara Mexico and I’m also a naturalized citizen of USA I can to the San Francisco BayArea when I was 12 I’ve been working here in the bay my entire life and the cheapest shittiest house is a million dollars I have the more than the 20 percent down payment but I’m not a fan of paying that much money just for a place to live with my savings I can retire in Guadalajara my dad and family live there and I go over there every year and recently I got the house where I grew up given to me so I’m thinking of retiring soon
I would join you tomorrow if only the narco-trafficantes didn't shoot people in the streets in broad daylight in Guadalajara. Too dangerous for my taste.
I was born in the USA and love Mexico and spend a lot of time in Mexico……. I’d move to Guadalajara if we’re you. I own zero personal real estate in the USA. Why give the USA more tax and authority over you? You have an option I have to work for. You’re already a Mexican citizen.
@@jasoncrandall I’ve bee here in GDL for two months now and it’s amazing I wish I would’ve moved ten years ago but I had to wait to get off child support and get liberated from all US obligations
@@arellano408 ha. I just noticed I responded to a post of yours from 9 months ago. Good on ya! Glad you made the jump.
@Gilroy MotorSports & Life I've considered mexico but I'm from Britain. Could maybe stratch together £300k at a push. Was thinking would that be enough to retire in Mexico. Just me and the dog. Same age as you.
Thank you for these videos. I’m for sure leaving in a few years. I will be traveling to find the best fit first
Thanks for your comment! Remember: "Go where you’re treated best"
We are trapped the day we r born. Stock, cattle, disposable and to be kept broke all in a constant state of fear. The carrot is gone.
The only way out is to unify. There’s strength in numbers. Good people struggle to get together and do the right thing while criminals can touch and agree to do evil at any given time. Once you and others get together and agree to change things than change will come. But just remember it takes a village and not a individual.
And this needs to end!
@@polyverse1 absolutely
@@mikeohawk95 agreed
The only thing worse than a country's tax laws holding down a citizen is military obligations (for a regime whom you'd rather not lay down your life). Regarding the war in 🇺🇦, not only are male citizens aged 18-60 restricted from fleeing the country, the same applies to dual citizens and any expat married to a Ukranian wife. I've also heard in the news that Germany is mulling reintroducing its military service requirements while Poland keeps tabs on its male citizens in a process akin to the US selective service system. That said, "Go where you're treated best" should also include countries that don't wage endless wars (NATO countries may as well be scratched off the list) or press its citizens & expats in some cases into military service obligations.
That's why I chose Japan as my home. I'm fortunately it's so hard to gain citizenship there.
That's... just the norm during war times.
Well they could of left the country right after the first bombings
Finland, Austria, Estonia, Switzerland, Denmark, Norway, Israel, Turkey, Brazil are all countries that have mandatory conscription for males 18 and over. Length of service varies with each country, but generally lasts 18-24 months. Plus, Israel and Switzerland both have lengthy reserve/training requirements until ages 40-50 in some cases.
USA will most certainly bring back the draft. So will Canada.
it's so ridiculous, your home country looking for tax money when you work in a foreign country, Australia does it too.
Only if you're an Australia tax resident. If you never plan on returning you can close your tax file with the ATO.
Canada does not actually do this.
@@corail53 last I heard Canada does it - yes
@@realismatitsfinest5745 yep. Canada makes it fairly straightforward, luckily.
I work overseas and Australia still chases me for tax on my student loan. Kick in the pants paying dual tax each year, but it's better than letting that loan increase.
The Australian Taxation Office ( ATO ) consider leaving Australia permanently to be a capital gains tax event even if you haven't sold the asset .
😮 Wow, good riddance! Australia sure showed their true colours during Convid!
i completely lost it when andrew said "bad vibes"
If you have equities in the US or Canada you will still have to pay taxes to those countries no matter where you live.
Big deal. Bigger deal is the total cost of renouncing US citizenship.
@@lvpatfleming7465 How much will that cost?
@@jdp0359 When I tried it was total of all assets as if sold the day US citizenship was renounced.
@@jdp0359 $3000.
Would you be able to explain how are taxes applied to sports stars (especially tennis and golf players) that happen to play in the US???
I saw you on an interview a while back but it is because of Binance leaving Canada that I am gearing up to renounce my Canada citizenship. Wish me luck!
Where are you going.?
That's a beautiful jacket, man. Looking sharp!
excellent video sir.
Thank you.
I plan to quit my job by next summer and retire in Turkiye, we have 3 young children. Can you or anyone share their thoughts/suggestions regarding pension, taxes, OSA and CPP?
I respect you so much I love this country and I even fight for it but honestly I cannot wait to become an expat! I’ve always had an issue with the tax code even when I was in the military as I’m sure you know but a lot of people don’t everyone in Congress is a multimillionaire the people that pass the bills and it’s pretty much inside trading but yet they want to cut funding and screw the poor man over I have no problem leaving this country and the people that are talking about traitorous etc. I feel like 85% of them don’t understand the financial system in order they understand how to make money on their own without working for somebody
Been watching for a loooong time. I’m getting up in age and wish I had this/your knowledge when I was younger. I’ve lived all over the World for years and don’t think I would have a problem moving from the US. It’s too late for me, but I sincerely appreciate what you are teaching and hope folks will open their ears and mind. Why stay where you are not appreciated. Enjoying the channel. Tks for sharing.
As long as you're alive it's never too late. You can leave at any time.
@@lerryperry it's too late if you have kids and a wife that will never even consider this lol
The U S. isn't as great as you might expect!!
The people there get taxed heavily also.
Plus Health Insurance can be outrageous!!
Not trying to be negative, though as America is still a great place to live. Just not paradise as a lot of people 🤔 think it is!!
Anyways, have a 😊 good day!!
@@ShaferHart so it's too early.. have to wait till the kids have grown up
@@geoffdevore6321 The US is amazing if you are wealthy or insanely wealthy. If you're just well off or a hard worker basically anywhere else is going to be better unless its a war zone or your idea of a good standard of living is your proximity to apple stores.
Due to a number of wealthy people leaving Norway(Mostly double and triple digits millionaires, the anti-rich movement - also known as the left part of the political spectrum has started voicing up for exit taxes and ways to hinder people from taking their fortunes out of the country. This is not a phenomenon mainly for English-speaking countries, but for other countries which also assimilate the US-UK-Western cultural changes. Nordic countries have some of the highest tax levels in the world, so millionaires and billionaires fleeing to Cantons like Zug and Lugano In Switzerland have provoked the left - which is part and or supporting the current government in Norway. The current government is so insane that they told the seafood industry that we are going to tax you more next year, but how much we will decide 6 months into next year - effectively forcing companies to lay off fish-factory workers as no CEO can by law steer his company into bad financial results. An entire industry that could really help the western world with seafood when we all are facing food shortages is now scaling down or closing shop. People owning these are regular people who have built up their success stories, only to be forced to tap their companies for assets/ pay out dividends in order to pay for wealth taxes. There is literally no better way of getting rid of the top 5-10% of high-net individuals. With the most prominent billionaires gone, now we are seeing double digits millionaires going as well. taxes on dividends will go up to 37%, we have a wealth tax and with the economy losing momentum taxes only go up from here. Sweden has high taxes but much more affordable living. Finland and Denmark also have pretty aggressive taxation. Thank you for all the content you put out.
I’m not even a millionaire and I’m sick of paying wealth tax in my twenties as a reward for being a diligent saver/investor. Safe withdrawl rates for early retirement effectively lose a percentage point!
Without denouncing USA citizenship at least when I'm overseas I don't have to pay property tax and the high cost of living and deal with the lower quality of life in the usa.
Im thinking the same thing. USA citizenship with overseas residence seems like a really attractive scenario.
I’m exiting on March 2023 from Canada. Can’t wait to stop paying these goons all that 💰
Same here. Leaving January. No more Trudeau. I can’t take it till 2025.
I want to leave here too. You don’t have to pay taxes in Canada once you leave? Did you guys give up your Canadian passports?
@@ghoponit I still have to decide that. Might run an AirB&B from a distance or sell. Looks like the Real Estate market might be changing. So many moving parts. We will see. Everyone's situation is different.
All the best man. It is a shame what has happened here but the ones who know what is going on are vastly outnumbered. Where are you thinking?
@@ghoponit Had a few ideas. Came down to Mexico. The nail that did it was the ability, if needed to return to Canada by car. After the Midterm elections, fly out of Buffalo and scout it out. Once we find a location, return, make final needed adjustments then head to Mexico again by Truck and Trailer. What about yourself?
Do you think as an answer for countries to tax people leaving overseas some of those will renounce to their citizenship ?
The Polish zloty was at 3.72 to one and now it’s at just under 5 and expected to go as high as 6. Same with the Hungarian Forint. It was at 270 not long ago and is now at 440. The world is on sale, leave now when you can
Question: What if a Married couple had one partner give up US citizenship and moved... The other stayed in LT US residence and the other gained citizenship in another country and started transferring money to that country... With partner to later sell US residence and later move to other country?
Hey Andrew...I think the next video you do should be about the collaose of the US dollar and where you can go to escape US dollar hegemony around the world. For example, how countries are dumping the US dollar and relying on its own currencies, even countries who are aligned with Russia and China who are using the Ruble and the Yuan to digital currencies.
That would be Great!!!
Thank you Andrew and God bless
I don't know where you got your information about British embassies and overseas support, maybe the 1950s? I can assure you from my own experience a British Embassy will only even pick up the phone if someone died or is in jail. If Britain started taxing me while working and living abroad, I'd be throwing my passport through the embassy window before they even send me tax reminder letter.
So if i go to UK for work (more than 3 months) but still receiving money through a locally registered Ltd company in my native country (Caribbean) for online work would I need to pay taxes on the income im making through my Ltd company in the Caribbean?
I seriously doubt any other country could try to enforce the "taxation by citizenship" rule as the US does, not having the capacity of persuasion the US has... because of what you just said, who wouldn't readily burn any passport of any citizenship that would ask that much? (not that the muppets that run the show in EU welfare-states don't have wet dreams about it...)
Hey Andrew! Do you think bank deposit 400000 K euros in Greece better option than buying unpredictable property purchase???
the question is quite clear that my idea worked back then and it works now: both my wife and I have never owned anything up until the last 6 years.
The Military sorta puts you into that type of life style. Both Retired, twice. ( once in 2003 but recalled to fill a gap which no one was qualified to fill ) the over sight committee was not paying attention to The Real World itself.! ? could we suddenly pull-up and leave? well, yeah - our world wide passports are good for life.! .. would we need to find work, the both of us are soo overly qualified - we could open our Own Business Anywhere - LOL.!
It would be nice if everyone just said we're not paying taxes anymore.
If people would read and understand the Tax Act in Canada.....The income tax system is based on voluntary compliance because the government knows tax laws are unconstitutional and cannot be enforced. There is no question that voluntary compliance is the cornerstone of Canada's self-assessment taxation system.
Yes , that would be so nice. And then as a result shut down all the tax funded services we have come to expect and live like the first nations people did before there was a government. You know,,,, no roads, no law, no health care, no social services, no justice services, just live off the land and hope other tribes don't invade.
@@davetugwood1770 exactly
@@jesbackpacking13 same in the USA I think, right? It is voluntary
I have a friend that has to pay $150 million in order to move his business out of Canada !!
Because of this, I had long given up acquiring USA and Canada citizenships both.
were do i put my crypto to safe guard against these new laws in the USA? do i need an instituoinal business account?
UAE will introduce corporate income tax in June 2023 for 9 pct
That's what citizenship does, citizenship is not only unlawfully established but is also entrapment into the duties that define the term civic virtue yet they arrest people for not paying taxes! Interesting!
The restitution owed for legislational entrapment is a case for the history books!
Lots of our assets are in RRSPs - any strategies to get out of them when we move?
I had same question I want to leave this country with my RRSP
I believe that you have to pay a 25% capital gains tax on RRSPs when you leave, whether or not you cash them in.
How about portugal?
My g/f smiled, when she noticed that your eyebrows move independently of each other ! 😀. Seriously though, super content. I admire you Andrew.
Ps when can we see more content featuring your father?
So what happens to government pensions for government employees or in Canada the cpp and oas?
you would keep them only if you keep your citizenship.
of course, the plan in motion is to tie those benefits to a digital currency and identity so you will be under their thumb I order to collect (they will control how/where/when you spend it, make requirements to get it, etc)
Sask just dropped their plan but the Feds have their own in the works so if you're 10-15+ years away from retirement you may as well just call CPP an authoritarian tax and forget about it
Have heard they don’t let you have your cpp. If you keep a ghost residence and have it deposited there you will probably get away with it. I am in Canada with US pension and don’t need to file because I don’t make enough.
Yes yes and yes.
It's who worked out that combination and why, hello I am Emmanuel Fiolakis...
yup, trapped in a cycle of poverty. I have no issue paying taxes when I get a return on payment. Not having kids, I get roads and the illusion of free healthcare and have to pay luxury resort costs to get dental work.
Hadn't heard that about Scandinavia not allowing you to move to a low tax country. Wow.
what about UK ?
Private membership Association PMA Any donation from a trust into a PMA is a deduction and the PM can be a non profit 501C38a
I am retiring to Thailand from the UK will i still be taxed on my investments as i will no longer be working
Can i still keep my uk bank accounts
Any help would be appreciated
Watch "go where you are treated best" and you will find a lot of answers there
Oh boy another white guy going for the hookers. Pathetic
Dear Dave. Thailand's personal income tax law states that if you live in Thailand for more than 180 days in the fiscal years and take your income earn oversea into the Kingdom, you will be required to file tax on said income. The two conditions must be met
1. Live in Thailand for 180 days or more; and
2. Bring in your income (earn on that year) into the Kingdom.
If one of them is not met, you will not be subject to tax. And PIT is based on the self assessment basis.
You can still use you UK bank account, I dont think that would be any problem but if you live in Thailand, I found that having local bank account would do you more convenience for daily spending. Thailand now use lots of mobile banking, so you would find it best to just have cellphone without u rather than carry wallet.
Yeah. In Canada one dictator wasn't enough. Now we have two.
If there is a flood of peeps coming into a country, then there is no way they can keep you from _leaving_ either.
Airport, Bridge, road all infrastructure already present, no maintenance does NOT cost that much. govern (control) ment (mind) is wasting far too much. They want more in order to waste more. Hey gov boys, you tighten your belt.
exactly
Are you high? Maintenance of roads and basic infrastructure - especially in canada makes up a large part of the budget. Have you ever built/repaired roads? It costs a ton.
Overseas for 20 yrs...love it. Pay no taxes here rarely pay anything in the US I dont use my retirement account to live on. We use my Social Security and my spouses to live on AND we have 1.5 employees. Except for any forseeable large medical expense we dont need to touch our retirement money and we are 74 and 79. The thing is the men in my husbands family live to late 90s and over 100, all of them, they must be made of steel.
What Scandinavia country is he talking about ?
I have Canada and Germany passports. I left Canada now in Sierra Leone building for expats and diaspora . Very sweet place as I'm beachside on acres. Surge ery day
Last time i checked, germany doesn't allow dual citizenship
I would rather pay the tax man then live in Canada winter season of 6 month hibernation
I like this guy
Yep
I think you as an American have to much respect for tax authorities. In Europe people generally don’t care so much as Americans about the IRS. In Germany it’s not so Bad. And the Germans in general love to complain. But don’t take them too seriously. I like to pay taxes when the country where I am living in offers me something in return (but od course I try to avoid as much as possible to pay taxes ).
is moving to puerto rico still hanging a USA tax albatross over ones head,assuming im coming from canada?
As for the United States, how else are they gonna pay for the military industrial complex?
Wow. Just wow
So Andrew, what if I want to become a Mexican Citizen and then live there only on a part time basis (5 months a year) afterwards. I really need a second passport but cannot afford Citizenship By Investment.
if you are Canadian or American, you don't need anything to stay there up to 6 months. just go and worry about renouncing when this happens.
right now, Canada doesn't tax foreign living citizens he is speculating that we will in the future.
Three of my family member's are Government workers, they have had investments in the Cayman Islands for years. Not me I'm just surviving. 🇨🇦
what kind of investments
Andrew, can you please send me the list that you shared I'm on your mailing List
Hey Andrew what are your thoughts on Malaysia?
Yo Andrew
Having dual citizenship may seem like a good idea, but that just means that you have to pay taxes in 2 countries, instead of 1. What about Health Care overseas ? Many places don't offer as good of medical care as the United States...
Enjoy your channel. However, you have a serious misunderstanding of HOW the tax-system in the US ACTUALLY works from a LEGAL perspective. With over 2 decades of looking into the legals aspects of the matter myself, the level of deceit & subterfuge on the part of the government is unparalleled. However, the best resource I have found that explains this morass from an exhaustive study of the actual tax code & how it works in constitutional context is a book called "Income Tax Shattering the Myths" by Dave Champion PhD. Although the subject matter may seem "dry", I can assure you that the book is one that once you pick it up - it's virtually impossible to put it down. Welcome to the 1st day of the rest of your life.
I suspect he's choosing his words (and topical breadth, and depth...) very carefully. If one starts talking about HOW to denounce IH$ corportized "person- hood" status (let alone the 1666, 1707, et al Cestui Que Vie Trust acts, or 1302 Unam Sanctum decrees, or Pay- Pal Bulls, etc.) they are not only going to AWAKEN from this level of "slumber" (and realize just how ENSLAVED... they truly ARE by the cult of bloodliners, still ruling this world) but then you'll also soon realize that the PLAN has always been (since long before the IH$ Canaanite bloodline Templars founded say $wissieland in 1191, or took over the RCC after 1540, etc.) a "One World" order (be it the OWO "divine right of kings and pharaohs," or their 'revised' (2.0) NWO extended bloodliner, rule by UN Fascist subcorp over 200 +/- "nation states and territories..." and some form of public farce of a Parliament, for their "people." i.e. the small fraction of 1% 'using' everyone else, worldwide!)
@@williamtiffee3799 so how can one avoid being extorted?
@@incorectulpolitic Well as these IH$ (Isis+Horus+Set) cult Canaanite bloodliners atop the pyramidal hierarchy behind all this seem to think they "own the world" (by satanic, masquerading as "divine entitlement") and everyone and everything on it... they have "rules for the, and not for me" and feel 'entitled' to use and abuse every one else, so unless and until we kick these (heavily inbred, narcissistic psychos) freaks to the curb... this "prison planet" NWO Fascist totalitarian dictatorship is best fought via non- compliance... Because you can't WIN in a "rigged game," under the mind controlled parameters, of a mental PRISON!
And simply NOT "going along, to get along" seems often just as 'effective' (w/o all the b.s.) as all these elaborate 'schemes' that (in the end...) won't protect you much... within their kangaroo BAR of Ba' al franchised court systems, if you aren't a bloodliner, mason, knight, BAR member and/ or part and parcel of the problem... under their thumb up or down, Roman (Canon, then ecclesiastical) Law "of the land" Fascist control. (Just TRY being a "freeman, on the land..." for e.g. and going up against that, within their one- sided courts of Maritime- Admiralty lawlessness, on the "high seas, of commerce," today.)
You can "denounce citizenship..." or 'remove' yourself from their 'system,' but then they (on paper, by decree) own and control almost everything WORLDWIDE... so literally see us (the 99.9%) as either "with them? Or against them??" BTW, I'm an extended "bloodliner" (i.e. to the royals, etc. hundreds of years ago...) but 'sovereign' human being vs. cowardly "conformist" crook and/ or pious, "holier than thou," hypocrite... so I've bowed- OUT of their "mind, body and soul" Matrixed, 'game.' And nothing detests me MORE than a "cowardly, conformist..." except "them" and the Archonic, Wetiko "Jinn" dark energy... they, and most if not ALL 'elite' narcs and psychopaths are quite clearly 'possessed' by/ with....) Long story short: Either "they go?" Or, "humanity" does?! Unfortunately this will soon BE a: "life as we knew it?" Or the "death of individual, to our national, etc. sovereignty," end game, as they are now hell bent, on achieving. (So one had prepare well, for that!)
@@skellington2000 Basically since they've already "divested" 100% of the U$D (likely then sending all our of gold, along with most everyone else's... to the Swiss Templar's BI$? (Or maybe the rest in 2001??) inc. in 1929, just after their inc. of Vatican City, in 1928...) and BK'd the former US (of A) by 1870, before it went into "receivership" in 1933 (ending of the "gold standard") and reinc. under the Trojan horsed parent corp. "UN" in 1946, before the last precious metals (redeemable commodity) silver was replaced with "public confidence" and a 'peg' to "big energy," in 1971... the question remains... just WHAT are we "invested IN" in the 21st Century? (i.e. Because paper and digital 'fiat' isn't much of a 'hedge...' let alone, "store of wealth!" And ALL of their phony "cyclical "markets today, are now clearly almost 100% controlled.
Has anyone left Canada and taken themselves out of their tax system lately?. I'm a Canadian living in Costa Rica for the last 8 months
Are you enjoying it? I am retired from the Canadian armed forces, and am looking for a destination to leave Canada. The direction towards socialism in Canada, doesn't align with my beliefs.
My best decision of life.
@@theartofwanderlust Yeah there's a lot of Canadians going along with socialism right now, it'll get worse. I'm enjoying it here so far, lots of Canadian expats too. some things are difficult sometimes like making money if you don't have an online job
Its trend now in 🇨🇦 folks r seeking way out. Canada income tax is 40% u will have 2 be pretty soft in head or financially illiterate 2 stay in Socialists Canada.
@@torontovoice1 Nomad Capitalist point is that that _could_ change hence the forgoing the canadian citizenship alternative.
❤️Serbia
Is good idea to move to Ecuador from Canada, any one have any experience in Ecuador?please comment
If I have Argentine father can I get Argentine passport
Fir little or now tax trick in the, us this may be a super hard lifestyle, but just gotta hoard your fiancés living. Without a house akak homeless or off grid disconnected, living in the projects or life a a broke person! Just asked the untaxed homeless in NYc and los Angelou’s! Akak wher I live currently, and experienced these tricks
It's a trap!
my country has free hostbital..... so basicly if i ern 0 income and live in a van .... i still got a right at medical care......
Canada one of the worst tax grabbers.
I'm hearing a pattern in your words.. assets being a liability and government making people jump through hoops.. if everyone stopped paying tax maybe they could be stopped from the increasing authoritarianism
Do you forget they can print as much money as they like out of thin air for themselves. Taxes are to keep people just poor enough to support the system of their own enslavement. Taxation IS theft.
Yes, well I never wanted to be a "taxpayer", as a result of being born in the US, there was never a choice to opt out prior to adulthood (as well as not knowing better sooner).
I'm trapped cause I'm unvaccinated. :P
Taxes in Canada are awful. Work half the year for free basically.
I appreciate your knowledge of living abroad .You bring up topics I've always been curious about .But unfortunately this is just a dream for the average person .
If Canada start taxing overseas citizens,, will they provide federal and provincial retirement benefits when comes the day they reach retirement age?
No.
@@realismatitsfinest5745 they already do what?
I thought they want open boarders
Hi Andrew, great video, can you please do a similar video focusing on SE Asian countries.
Haven't you seen Biden enough of his so called leadership?
Geez click in
Why aren't you talking about exit tax in Germany? They charge 42% of your last years REVENUE (not earnings) x 5 years. That is insane, and anyone who wants to leave has to effectively sell their business to leave, because you have a very short time to pay unless you incorporated a company. Even with a company it is a short timeframe to pay.
file for bankruptcy before you leave...
Canada does not take taxes from you if you are living abroad and working. If you still have residents in the country then there might be an issue but if you went full ex-pat you only pay the taxes for the country you are in. Also no one should be moving to the UAE because while it might be a tax haven their human rights abuses are high and their treatment of women is horrible.
To be fair, all the countries people are fleeing to are countries where women stay in the kitchen.
Maybe letting women roam free was what caused all this.
Jk
The slogan is "Go where YOU'RE treated best." not "Go to a country that virtue signals to a leftist agenda."
@@lreeher not sure if I understand your point but OP's point is that you can hold a Canadian passport, not live in Canada, and not pay Canadian taxes. Not "move to Canada."
Canada fits your description of the UAE. Canada is a liberal wasteland of woke bs and taxes. I can’t wait to sell and get out of this country.
Your choice
What you have just discussed, is Slavery at International Law.
What you thinking About Vietnam
people are cold and heartless (communist north) , i dont know about southern vietnam but i heard they're not like northerner, they are warm , kind heart. ( I can say this because im asean southeast asian also so no racism here) but why would you want to go there anyway? i dont see any reason unless you're an industrialist going there to invest in tech / manufacturing industry or electric vehicle / battery production.
@@t.rakchat2442 I have been to the north and the people are not cold or unwelcoming. It is not different than most places in the world - you clearly have not been there.
@@t.rakchat2442 The Vietnamese are lovely what are you talking about?
The EU is also like that !