EU Member to Tax its Citizens Worldwide?

[@nomadcapitalist]

The latest episode of our Live Like a King series has dropped! Join Mr. Henderson as we explore luxury living in one of the best value cities in the world-Kuala Lumpur, Malaysia: kzbin.info/www/bejne/nnjZmH1ne76Iors

[@christophebrou1178]

Could you post the link to the article!

[@AnneDahl-rr6wd]

Double taxation must be forbiden with law.

[@kacperpiotrowski7239]

Ok? When will we get rid of income tax or VAT? Cause most people are alredy taxed double on account of those two taxes.

[@NotMarkKnopfler]

Income tax must be forbidden with law.

[@TomBartram-b1c]

How about treble tax? Income tax, stamp duty then inheritance tax.

[@pastramiking]

That's why there are double taxation treaties. You don't know what you are talking about.

[@MiguelCedenoLozano]

Property tax is also bad. It's literally taxing unrealized gains and that money never goes to fixing your local roads... It gets laundered overseas.

[@leloupdessteppes3228]

France's deficit is the worst in the entire EU. Now they want to punish citizens for leaving early. Socialism in France is a nightmare.

[@doyourbest7655]

The Socialism IS the reason France has trouble with money.

[@OhDannyboy7]

Hard to escape its' tentacles. 😅

[@eile4219]

Stop copying US.

[@marie-joelleraussou]

France is in a worst state than Greece!

[@foljs5858]

Socialism was great before they turned into neoliberalism

[@henry3440]

Retroactively taxing a citizen is criminal

[@kacperpiotrowski7239]

Is it? I know punishing people for laws that didn't exist is,

[@zib5781]

Retroactive taxation and laws are the norm in Hungary, an EU member.

[@cherry316316]

everything is criminal until the politician wants to fill their pockets and make some random law. then it is legal.

[@franciscouderq1100]

Never will be you would have a Revolution . Moreover overseas French are mostly Gov majority voters you don’t want to underestimate their possible vote turn around

[@franciscouderq1100]

@@zib5781Hungary is a renegade country

[@TeyimPila]

Like most public issues, we always skip over basic definitions. What are taxes? They’re money you pay to the government in exchange for basic services like roads, sanitation, fire services, etc. so why should someone pay taxes when they can’t enjoy any of these services

[@theohallenius8882]

Taxes are like cow milk, you're the cow and your money is milk

[@geozantrox666]

That is technically fake. It might be true to certain extent in europe with the euro, but in a strong enough country with their own currency, all the stuff you listed is primary spending, that is the many ways the state have to inject money in the system. As the state is the one and only who can create money, so the state wil never ever need money from people to do anything. Taxes have two functions only: enforce the use of that currency and help managing inflation. With the euro, all the above went to shit

[@glassman1533]

Taxes are what an expat pays to the government that issues your passport in exchange for any service you may need from then at any time. If you want to renounce that citizenship, you must pay a fee equal to at least 60% of your income and net worth as defined by the country whose citizenship you renounce. Basically, you can leave, but it's going to cost you dearly to do so.

[@RobertChaplin-m7b]

Taxes were once thought of as rent to live in your country. Now of course the socialist thinking is that you are now owned by the state. Socialism at its best.

[@praem9597]

​@@glassman1533Most countries do not provide any service when abroad except administration and paperwork. Even embassies when contacted for a problem refuse to provide any help.

[@asparrow9876]

Oh great. I fled Canada twice already to move back to France, now I gotta flee France AGAIN?!?! 🤦‍♂🤦‍♂🤷‍♂🤣🤣🤣🤣🤣 I'M SO TIRED OF THIS 😭😭😭😭

[@davidwebb4904]

Ireland. 5 years….passport.

[@asparrow9876]

@@davidwebb4904 I've been seriously considering it the past few years. I might just go ahead with that if I don't end up in Asia or Eastern Europe.

[@shekel-w5c]

@@davidwebb4904 I'm thinking of that option as a UK citizen. Do you know of any other options for UK/Australia citizens?

[@Mehedihasan-yt6mx]

Go to new zealand​@@asparrow9876

[@Mehedihasan-yt6mx]

​@@shekel-w5cgo to new zealand.

[@Bufford2024]

Antartica is tax free, visa free, and low population. No extradition. Lots of UFO's . The Next great escape!😂

[@romankacin8365]

Luckily, there are some other great options, in addition.

[@extended_e]

If I had enough money I would start civilization on Antarctica, good place to test space tech and lot of gold and oil to dig, also easy to keep computer cooled

[@hEMA-BA]

if and only if you have penguin genes to endure the cold weather .

[@blueamenaa749]

I want to go.👽👽👽I wish aliens would kidnap. Hell is on earth.

[@gteixeira]

Unfortunately in Antarctica you are either under the law of the base you live in or under the law of your citizenship. Even if you don't have a citizenship, it is based on the last one you have.

[@fabthom3454]

As French leaving in an other country for 8 years, I really appreciate your video and point of view. You perfectly express my feeling about this amendment.

[@curiousgeorge6921]

Pays de merde vraiment a cause de la mentalité communiste des gens

[@alejandro1904]

Get another citizenship

[@bmc7916]

where did you leave to?

[@Zelielz1]

It is a fucking nightmare. Literally slavery.

[@JavaProgrammingify]

It's not slavery lol

[@macciow8680]

@@JavaProgrammingify it is, you can't escape these taxes even in a different country, you got no freedoms

[@oceanwave4502]

Living in Germany, I take home 60% of salary. You can't imagine how angry I am when seeing my government burns tax money through Ukraine war and refugee issues. (instead of taking care of citizens).

[@KrzysztofBob]

Lol. A bit over dramatic. I find it hilarious, how all of the sudden, people finding out that as citizens they don’t only have legal rights, but also legal responsibilities. Don’t you guys have citizenship programs as a part of basic education in your countries? Just wait until you find out about war time and conscription laws.

[@stellarmind69]

Complaining about enslavement and at the same time having enough wealth to be able to decide where to live is absolutely ridiculous. Maybe you should first try living like a single mother in a rented apartment that's getting more and more expensive with inflation to understand what it really means to have no choice before you start complaining about enslavement from your high horse.

[@jeremyleonbarlow]

A lot of French people will be renouncing French citizenship.

[@gonzapacini5668]

The problem is that it's way harder to give up than US citizenship, I heard the process is very long

[@remipoujoulat7759]

Honestly I wish we rebel. This has gone far enough.

[@asparrow9876]

I have a Canadian, Algerian and French passport......

[@asparrow9876]

....yet I want to throw away all three lol.

[@Mehedihasan-yt6mx]

​@@asparrow9876algeria dont permit dual citizenship

[@willempasterkamp862]

When the eritrean regime taxed 'their' migrated 'refugees' in europe the EU was furious now european countries planning to do the same. oh the irony. An other story to share ; moroccans living in the netherlands can't give up their moroccan ciitizenship as both countries have agreed. Even if they are 3th or 4th generation the males get a call for military duty and have to pay a sum to avoid conscription. same for Turkey. Weird long arm from the motherlands receiving revenues. This practise being in existence for decades now.

[@ec954]

We are not citizens, we are financial slaves. And the master can change the rules any time he wants to.

[@Timsnep]

Moroccan-Dutch here. Morocco has reinstated military services again due to a changing situation in the world. However. Each year they have a certain amount for men and women and they are first filled voluntarily, and after the voluntary part they will call you for duty. Moroccans living abroad are exempt from this and there is no way to pay it off in anyway in case you’re a Moroccan in Morocco who’s been called up.

[@bmc7916]

Nice, they can always be sent back, its a different situation for people who contribute nothing but crime

[@Timsnep]

@ the remarkable thing is that actually those who contribute have the means to go back to Morocco. They are pulled by much lower tax rates, growing market and young population and pushed away by anti-migrant and anti-muslim sentiments in the Netherlands. The annoying Moroccans without perspective in the Netherlands have even less perspective in Morocco and they remain with you.

[@find2hard]

Lots of wealthy French will become Swiss or Belgian citizens.

[@Canuckbelgo]

Loads of rich French citizens have already made their home in neighbouring countries such as here in Belgium due to high taxation.

[@stefanmiklos2695]

It takes (minimum) 10 years to naturalize in CH (first 5 years on pernit B, then 5 more years on permit C, and then you can apply, and then wait ... :)

[@abeonthehill166]

……what if the Swiss and Belgium start this Taxing a Passport ? Better to get a South American Passport as they would not dare do this to their wealthy people as they would leave . Russian Passport is better than what the Nomads say moreover, just because the West and EU do not like Russians, this is not the case in Latin America, Africa and Asia. As the BRICS expands the Russian and Chinese Passport will get better and, there are places like Türkiye and Kazakhstan who have ok Passports that are great alongside a Brazilian or/and a Peruvian Pass !

[@wimvanmoerbeke]

It’s a worldwide phenomenon apparently, here in Brasil they are taxing more and more ….

[@Canuckbelgo]

@@abeonthehill166 we in Belgium are already one of THE most taxed people on the planet as salaries are taxed over 50%. It's insane.

[@bluuncover]

Politicians ruin everything!

[@Knightmare919]

This is why i hate most politicians they are so out of touch of reality , and they are also so unqualified they only got the position because of false promises.

[@Josephe01]

Because politicians are managed by corporations and those want to milk out everyone. Everything is ruined unfortunately.

[@Kenji-117]

The puppets only fulfill their overlords wishes to get their socialist utopia

[@alpante7813]

Politicians are only good for taxing or creating more taxes, not much help for the citizens😢

[@timotheemathon9492]

As a French citizen I'm currently moving to Andorra and the process takes several months, then I'll be on the lookout for a second passport once established there. Folks, if you want to leave France, do not wait, it's taking a lot of time.

[@curiousgeorge6921]

Why several months

[@8Sarra8]

If you renounce to your citizenship for another one, you have no guarantee the second one won’t introduce the same bill.

[@fumanchu9701]

@@8Sarra8there’s only 2 guarantees in life. Yes you’re right, the second country can do the same but that’s why you always have to be prepared to move or willing to live under an authoritarian government.

[@8Sarra8]

@ French passeport is one of the best one and if you get really sick later in life France is affordable and good healthcare. Renouncing French citizenship to get what to go where ?

[@LoveClassicMusic0205]

@@8Sarra8 CBI countries are unlikely to do this.

[@Rittlesleo]

At least they’re honest and call it a burden.🙄

[@MrBlister808]

If the "You'll own nothing, and be happy" crowd have their way, there will be nowhere to run; nowhere to hide. 🎉😅Cheers! 👎💩

[@namewithheldforprivacy7107]

They won't be able to touch UAE, Saudi Arabia, Russia

[@MrBlister808]

@namewithheldforprivacy7107 Possibly. Time does funny things. 40 years ago all three were VERY different places compared to the present.

[@namewithheldforprivacy7107]

@@MrBlister808 As an Indian, the west cant touch the east anymore. I would much rather be in russia than the west lol

[@Dantee.15]

@@namewithheldforprivacy7107let us know when the Indian caravan shows up in Moscow last time j checked America got an Indian running for president. I don’t think there’s an Indian in the entire Russian government 😅

[@MrBlister808]

@@namewithheldforprivacy7107Possibly, but the world financial markets are extremely entangled, by far the most it's ever been, and it looks like we're entering a period of a global power shift... Historically these have been times of tremendous human suffering and turmoil. I pray that it is not, but what will be, will be.

[@CamioneroblW]

If you tax me because I’m in another country. Then you have the obligation to support the economy of the country that you are pulling the taxes from

[@zidedeikery7224]

This!

[@Gunit935]

It's not how it works, you're just gonna pay double tax 😂😂😂

[@tommyboman7735]

This has been discussed on EU(SSR) level as well. Once put to a vote in the EU(SSR) parliament it will pass. This together with CBDCs and individual carbon taxation will be one of the final steps to the destruction of Europe. This will not end well.

[@tommyboman7735]

@@polupopus5836 It is the follow up, or the second interation of of the USSR. In accordance to the will of the neo-communist WEF. European Union of Soviet Socialist Republics (EUSSR).

[@ik1408]

@@tommyboman7735 WEF stands for feudalistic capitalism, a fusion of capitalism with feudalism.

[@crossfade330]

EU does not have legal basis for taxing anyone/anything. Its a huge pain in the ass for them because they would love to have that power. Countries were not yet ready to share their income with EU.

[@tommyboman7735]

@@ik1408 "you will own nothing, and you will be happy" -- as commie as it gets.

[@helgekrebs2238]

@@polupopus5836 SOVIET SOCIALIST REPUBLIC

[@emmanelson2406]

This is crazy.

[@coolrunnings5383]

This is why we shouldn’t be pursuing nor paying for EU passports

[@AlexBosy]

this has nothing to do with other EU countries

[@bodyloverz30]

Malta is different!

[@infiad1275]

If the EU bigwigs want it it'll happen. France may be the testing ground to see what opposition there will be.

[@coolrunnings5383]

@@infiad1275 precisely, my thoughts exactly.

[@coolrunnings5383]

@@infiad1275 precisely, my thoughts exactly

[@westekforest1712]

The great thing about Nomad Capitalist's business strategy is recognizing trends well ahead of the 'herd'. I think this clearly comes from the intellect, vision and understanding of Andrew where he sees the 'lather, rinse, repeat' cycle of governments throughout world history. Each and every time the fiscal situation of a given country, and in particular an empire or vassal state of an empire, gets out over it's skis and must frantically look for collateral / capital / taxes / control to remain in 'control', it always ends in the same way. The productive leave the citizen relationship with that empire / country / vassal state, and go where they are treated best. Result is always the same as that brain and ability drain eventually makes even simple things impossible within that fetid shell that was once a productive economy and culture. I have seen this writing on the wall since the mid 1980's in the U.S. / Western Europe, and believe Andrew is spot on with his analysis and recommendations.

[@justjacqueline2004]

Have left for Alpha Centauri!

[@tommyboman7735]

Too close by. Need a new corner of the galaxy.

[@carloschu7127]

Cirius is better.

[@clam4597]

This must be violation of human rights somewhere.

[@basicsurfer08]

who man rights only exist for as yl um seekers

[@thijmstickman8349]

Haha no its not. French passport bros are reliant on the government for 20+ years, they get free education and healthcare their whole life. They get an extremely powerful passport and then leave for some poor country "to live like a king". If you don't want to get taxed, give up your French passport and all the privileges you get for owning it. Don't be an entitled prick when you have to pay back what you cost the french state.

[@TheSimArchitect]

If it's not worth it for Americans, imagine for Europeans. You move out because public services lack yet they still want a slice. Some EU countries have extremely high confiscatory taxes for very low income brackets. I don't want to move to Portugal because of it. And I am not even middle class. 😬

[@anaibarangan4908]

True, because nobody nobody nobody moves to western Europe because of being better for taxes. It's all about everything else. Of course there's differences and others better others worse, even within countries, and like here said, French move to Belgium for a better tax rate.

[@ec954]

Asia, my friend.The western world is done.

[@jw841]

​​@@anaibarangan4908 The problem is the everything else is in decline to. But the taxes keep going up.

[@TheSimArchitect]

@@ec954 I was told the same multiple times. I need to overcome my fears. I didn't like what I saw on line so far, though, they seem to be too similar to Brazil, where you have a massive social disparity and houses have safety bars to keep thieves outside. Being safe outside gated communities is the major reason why I moved to Europe, but it angers me paying taxes there while I need to do medical tourism in Brazil (I'm doing it here, right now) as the Dutch just refuse to give you service if their General Practitioners refuse to give you a referral and their treatments are designed to prioritize cost over quality. Sorry for ranting.

[@TheSimArchitect]

@@jw841 True. High taxes, bad services. It would not be a system that's imposed on us by force, but a choice, if it were good. We surely have the choice to move if we dare. I moved from Latin America to Europe. I might move again elsewhere or return.

[@GreekArmyVeteran95]

This is similar to the system in place in Greece. Greek citizens pay taxes for all income earned if they are registered with a tax authority within Greece. To register for the taxation catalogues for Greeks living abroad, one must prove permanent residence outside of Greece (which is an extremely bureaucratic process) and you need to designate a taxation representative. The good thing about this is that, once done, it's permanent unless you return to Greece and that you will not pay taxes on your foreign income afterwards, but in the interim the state will expect you to pay taxes to Greece - you pay the difference between the tax you pay in your country of residence and the tax you would have to pay in Greece on the same income. Since Greek taxes are among the highest in Europe, even on a German income you would have to pay a difference. We have not gone as far as the French, but Greece is hostile to its own taxpayers. Greeks evade taxes for a reason. I feel sorry for my French bros in any case. Our sister nation of France is NOT doing well financially.

[@marie-joelleraussou]

France is doing worse than Greece!

[@krishellemans-i8u]

that already is in Belgium ,as long you have the Belgium Nationality you pay taxes in Belgium for social security. Even when you are not able to use those, you pay for example to our health system but if you work outside Belgium you can not use our health system but you need to use the system where you work. Also if you life in a country that has lower tax (example 15%) , Belgium (20%) than they say you need to still pay 5% extra tax in Belgium. you have to revoke your citizenship if you don't want to pay .

[@zb7293]

Croatia implemented it. And govorment can't wait for digital curency do Target us more...

[@WesWoychyshyn]

These politicians have to go! Their only mindset is increased taxes and wasteful spending! They don’t care about their citizens anymore!

[@Gray001-ef2ep]

In 2018 I visited an attorney to discuss the options to relocate to France. She was very upset about the taxes and bureaucracy in France and we briefly discussed a different topic - her desire to move away from France. She was disillusioned because she felt there was almost no possibility to get rich by hard work. Since she was a French law professional she could not practice law abroad so she felt trapped.

[@synewparadigm]

She could practice in Louisiana.

[@PaulFromCHGO]

@nomadcapialist I hear Ireland is considering taxing its citizens world wide as well but I have not confirmed this yet. By the way, happy belated birthday from the 21st. It turns out we share the same birthday! I am not a high net worth person, unfortunately for me. However, I am a triple US / Italian / Austrian citizen as of recently and very close to being able to get Polish citizenship as well. I was born in the US and the other citizenships are through my ancestry. So as soon as my youngest finishes high school in the US in the next few years, our family will look at options to live better and will very likely leave the US for somewhere in the EU (probably Austria or Italy). Our motivation is escaping the costly US healthcare system for better healthcare access and also to have a better work / life balance (I work in IT in the US so the hours are ridiculous and way too much on-call work) as well as access to EU Universities for my kids to get a quality education for less than the price of a house in the US. I may not be rich enough to go where I am treated best, but I will at least go where I am treated better than here in Chicago or even the US for that matter.

[@nomadcapitalist]

Thank you for your comment. There is no income requirement for Nomad Capitalist Live where we would be glad to welcome you - nomadcapitalist.com/live/

[@Lukeskybutter]

If you have kids, I advise to move out earlier from USA. Kids adapt faster to change, but you don't know the country that you planned to move ain't waiting for your family to come. Changes if policy change in a blink of an eye

[@PaulFromCHGO]

@@Lukeskybutter It's easier said than done when you are not a high net worth individual. Case in point... we are still learning the local language for our target destination. My kids could suffer set backs in school because the classes are not taught in English. However, a private school that WILL teach in English is thousands of dollars / euros each year. Not within reach for us. But in our case, I only need to wait 2 more years before school is done. University classes in English will be easier to come by but also we will be better equipped to converse in our target language by then as we are already taking classes to learn the target language.

[@Verticaltechwizard]

As a Canadian im able to get a passport in holland fairly easy. I've been on the fence for a few reasons and this is one of them. Western countries really should be off the list at this point.

[@hugohecht5997]

They are talking about it here as well. iron financial curtain all the west

[@so_what_else_is_new]

Why would you do that? Holland is always the first rolling out EU laws.

[@Verticaltechwizard]

@so_what_else_is_new An in to the EU but that's just a waste of time at this point.

[@neo5973]

Bruh Holland is the worst for taxation too 😂😂 it’s so expensive to live in the country.

[@Lipners]

Hi Andrew, thanks for a very relevant video as always. Enjoy Madrid, it's a great city! Happy to help out with anything you may need here or meet for a coffee in case you are organizing an event. Have a great rest of the week.

[@santap9332]

Russia has 5% income tax for selfemplyed and 13% if you work for companys

[@hugohabicht9957]

And that helps how?

[@xazzzi]

You also get 5$ on a hundred if you decide to sell your business, and increasingly high chance to fall out of the window once your net worth starts to look interesting.

[@ESB-f3z]

​@@xazzzi you are brainwashed completely, clown

[@Kenji-117]

​@@ESB-f3zstfu did you factcheck him? Can you prove that he lied? 🤡

[@wrestlingterrier8366]

I saw you in Madrid just couple of days ago, near Plaza de Colon. You walked right past me while browing you phone. You're definitely taller than I thought!

[@Gibberish1983]

Here in The Netherlands they are planning on doing it for only the first 5 years of someone’s abroad stay. I’m not too concerned as I’m a double citizen (Colombian and Dutch) so even if the whole of the EU goes insane, I could still live and work in any of the 11 Mercosur countries in South America.

[@ivanpetro8464]

Brazilian and Italian here, we are in a "similar place" .

[@Jimmy-mx4cc]

In vest in ,,gold,, in Singapore BULLION STAR..28% return this year

[@japanluv]

Are you planning to go back to Colombia? I’m Romanian with my daughter half Colombian( her mom is Colombian), both countries looks ok to live in compared to let’s say UK where I am at the moment. But Romania is in EU so whatever they are doing in France or Germany soon will be the norm in Romania as well, I believe. My plan was to live in both but now I’m more inclined to Colombia, especially few years from now on.

[@Gibberish1983]

Hi! I have no plans to move back to Colombia for now, but it’s always nice to have it as a plan B, if necessary. In your case, I’m sure you’d feel at home in Colombia. I know many Romanians and we have a lot in common, culturally. If you obtain Colombian citizenship eventually you can also move to any of the other 10 Mercosur countries in South America so plenty of choice :)

[@japanluv]

@@Gibberish1983 I’ll try to get the Colombian passport through my daughter s route, I just need to reside in Colombia I believe for 2 or 3 years. Been there few times and I love it. The climate in Romania is quite good as well and it’s better for families, very safe as well. As you probably know already there is no perfect place so we just need to find what makes us happy. Wishing you the best in your future plans.

[@badboi6332]

So...Where is the "libertè" ? Did they decide to leave it behind? The longer this EU trying to implement such and other idiocies, tensions keep rising until it boils over...

[@jamesdonalfaulkner]

"liberté"... :-))

[@n4tune8]

They simply decided that "égalité" was more important... as for "fraternité", that's been out the window for a while!

[@vijjreddy]

IF THEY CAN, WHAT THEY WANT IS TO TAX EVERYONE ON THE EARTH WHETHER THEIR CITIZENS OR NOT... THEY WANT MONEY, PERIOD. SOON THEY WOULD BE WANTING TO TAX THEIR CITIZENS WHO WISH TO LEAVE, SOMETHING VERY NEAR TO 100% OF THEIR ASSETS AS FINAL TAX

[@willempasterkamp862]

Syria did that to their citizens leaving for europe ; houses, lands all confiscated.

[@ChopperChad]

Why are you screaming in all caps?

[@matthewnirenberg]

An exit tax of 99% of your estate/wealth is exactly what the Nazis did to Jews, Poles, Gypsies, etc. who were able to leave. The Soviets had a 100% exit tax excluding only one suitcase of only clothes and photos.

[@kacperpiotrowski7239]

My question is are you directly effected? This is not an excuse or justification, I"m just curious if viewers are effected or is it ideological or moral conviction that Sprung you to make this comparison?

[@matthewnirenberg]

@@kacperpiotrowski7239 My family were directly affected (the ones that weren't murdered by Nazis and Soviets - only 4 people in the family weren't murdered) by both the Nazi and the Soviet exit taxes. I have a relative who currently is affected by the French BS and the upcoming BS so they're starting the process to 'get out' whilst they can.

[@coppersulphate002]

With millions of French people who left the country and no longer have any ties to France except a passport, I struggle to see how they wil reinforce this law

[@LoicGottwalles]

I’m still holding my French passport. Time to apply for Singapore citizenship and cut links with this corrupt government.

[@marie-joelleraussou]

At least you are in the right place!

[@CringeBasedDuality]

lol Singapore 😂

[@mrphyz4674]

They will never bring this law in don’t believe this nonsense.

[@shakya00]

The bill didn't pass

[@cryptoelgrarido-uh7px]

​@@shakya00do you have an article stating it didn't pass ?

[@phisit8813]

Pro advice: Keep your MOUTH SHUT!!!! Don't say this to anyone or online !! Don't be saying anything about working abroad !! Don't use your french bank account ! it's a lot harder for them to findout if you're working abroad or simply on " long " vacation.

[@neo5973]

They will know your movements and bank transactions- you think they won’t implement red flag transactions when regulations are live?

[@hundvd_7]

What? I don't even get what you're saying. Are you saying that _french_ citizens, who currently pay tax to France, should keep it a secret that they actually live and work in another country (which means they have to pay double taxes)? That's the exact _opposite_ of what you should do if you wanna avoid double taxes

[@yannmaenden7236]

Not going to happen. I live in France. The current situation is that French non-residents are taxed on French assets, So French people living outside France may already be liable for some tax. French residents are taxed on their assets worldwide. The tax reform was suggested in July by Lucie Castets, who wasn't an important politician, she was a relatively obscure civil servant. Her only claim to fame was that she was proposed as a ( very ) compromise candidate by the left wing coalition (Nouveau Front Populaire) for the post of Prime Minister of France - and then was completely ignored by President Macron who appointed somebody else- and she has now returned to relative obscurity. So it was just a political sound-bite from the NFP. It was never a serious suggestion. In any case trying to get a new law through the French parliamentary system is subjects to all sorts of checks and balances. It is unlikely that a proposal such as this would make much headway because it infringes on the liberty of French people to live where they like. ( Liberté, Égalité, Fraternité ) and relations within the EU.

[@mrphyz4674]

Thank you! Someone with common sense. France will never do this.

[@synewparadigm]

​@@mrphyz4674you underestimate the stupidity of the French politicians.

[@PraetorAkin]

Run!!! Run before it's too late

[@JM-gu3tx]

Politicians should only get a salary if they balance their countries budgets.

[@longlostkryptonian5797]

What a coincidence, I’m in Madrid right now. I’ve been in Europe for 3 weeks to find a place that is “willing to treat me best”. It’s not easy, a lot of trade offs. I look forward to the new episode coming out!

[@neo5973]

Are you white looking?

[@camiller4916]

Spain has high taxes

[@hansweissmann_xviii6754]

I don’t know about France, but here in The Netherlands they have a shortage of staff at the tax office. They have trouble to get things right inside the borders, let alone beyond the borders. Knowing the French, they do NOT stand out for “hard working”, if you get my drift……

[@carloschu7127]

Beware of future " Universal salary " and " Universal taxes ".

[@pitbak5129]

😂😂😂

[@samuellolango9720]

One world government... These dummies called it a conspiracy theory and yet here we are seeing the building blocks being set up as we speak

[@wingus666]

To tax citizens, you need a country, the EU is not a country, it's an ideology

[@kcor4]

Sounds like the country is France.

[@danielmalinen6337]

The EU is not an ideology, it is an economic and trade union and even by its own definition.

[@wingus666]

@@danielmalinen6337 sorry to disagree. The EEC which we entered in 1975, that was an economic and trade union. In it's simplest form, it was only free trade and free movement, nothing more, nothing less. The EU, in which was formed in 1992, was the complete takeover by failed and outdated ex presidents that are not elected nor accountable. They want full control of your rights, your laws, your entire life...and that is not what anyone voted for. Show me where the country of EU is on a map.

[@brdfsz9142]

@@danielmalinen6337 Sadly, in reality it's also a political union (with idiotic ideas). That's why I leave as I can.

[@noname-vn7uf]

I wouldn’t pay it

[@manuel.camelo]

They're doing this because THEY KNOW everyone is leaving the country. I'm leaving Italy for good, life here has become miserable.

[@BoBnotThat1]

Good thing the UK left the EU. 😂

[@larynOneka8080]

Hopefully Trump will pull the U.S. out of NATO. Europe can pay for It's own wars.

[@Lucas-wn5wm]

xD income tax 70%

[@saml8967]

Trump doesn't have the guts to get the US out of NATO.

[@Ablien-t5d]

The USA started that war against Russia. We Europeans are sick and tired of NATO. We want to be friend with Russia. At least they don't look down on us like the U.S

[@riptyurass302]

They need to scrap NATO and make defence treaties like Japan and South Korea. It shows the US will still defend them, but they can’t spend nothing and have a guarantee the US will bail them out.

[@carloschu7127]

​​@@saml8967 His team already figured it out : import taxes 10% to 20% to allies countries and 50% to 200% taxes non-allies countries. Protect local industries. Keep in NATO no problem, US is going to tax you.

[@allards]

It’s a form of neocolonialism when powerful nations discourage businesses and people from moving to the Global South, where tax rates are lower. This keeps these countries from gaining economic benefits, when rich potential citizens, are growing their businesses there.

[@DPxedeeij]

I’m from Saint Kitts and Nevis in the Caribbean the EU basically forced us and other Caribbean islands who have CBI to increase the price of our passports, and suspend the passports for Russians! We are welcoming and very down to earth! But I must warn you, do not come if u are racist or think u are superior, u well be handled for u come to a peaceful country thinking u can do what u want

[@pixiet7321]

Well said

[@Sirlix89]

I am from Germany but living in Vietnam now. I liked paying my taxes in Germany while working in Germany because I knew that I would get something in return. But what would I get in return when I am not living in Germany? Also, other countries have other monetary policies. Maybe they print money and use inflation to tax people indirectly. So the effective tax would be the same but in the eyes of the global tax collector, I might be living in a tax haven? I pay less tax here but have to pay for the education of my children out of pocket (education is free in most places in Germany). I moved to VN because my wife is Vietnamese. I am not rich. Just every day Joe.

[@castheeuwes1085]

Same here; Dutch in VN. Have to pay way over USD 20k per year for high-school per kid, at a level as in the Netherlands (VAS). That's already the "tax" you pay living in the developing world.

[@tanthaman]

Lol

[@Appie-rd2bg]

People still thinking this is taxation…this is ownership.

[@THELONGHOSEcom]

The Dutch would love this idea... horrible country. And I am Dutchman saying this..

[@krishellemans-i8u]

that already is in Belgium ,as long you have the Belgium Nationality you pay taxes in Belgium for social security. Even when you are not able to use those, you pay for example to our health system but if you work outside Belgium you can not use our health system but you need to use the system where you work. Also if you life in a country that has lower tax (example 15%) , Belgium (20%) than they say you need to still pay 5% extra tax in Belgium.

[@newbeginnings8566]

Am I correct in saying there is an exit tax to renounce citizenship of the Netherlands?

[@krishellemans-i8u]

@@newbeginnings8566 yes and no , its to make sure you paid all tax you had to pay

[@Jeroenneman]

Okay, bye. Don't let the door hit you on the way out!

[@thijmstickman8349]

Yes true OMG it's so based 🇳🇱🇳🇱🇳🇱 Entitled passport bros think they deserve free healthcare and education for 20+ years and then can just go to some poor country to "live like a king", avoiding having to pay the country back for what they received.

[@camiller4916]

Doesn’t France already have a tax on worldwide real estate assets? And their inheritance tax is at 40% for all tax residents, regardless of any foreign trusts

[@jamalgreen3056]

Bottom line is the entire European union will eventually apply world wide base taxation.This is part of one the reasons why I won't be getting a European passport.

[@geofferyromany4634]

Gold standard of reporting

[@hundvd_7]

This is not a report. It's an opinion-piece. Which is perfectly fine in this case, but it is the literal _opposite_ of a gold standard

[@RobertBroekhuizen-ov1rr]

In the Netherland they wanna tax all your gains by 37% even your hous by 2027 they wanna take of unrealized gains and when you leave the country they still want taxes for 5 years i be moving out in 2026 not sure where yet.

[@oliverqueen5883]

My mother and I are French citizens (her by birth and descent, me by descent only) and I only ever lived in France from 2014-2016, which was less than 10 years ago, but was only 2 and not 3 years so very lucky escape for us. Many others won’t be so fortunate though

[@MrTeeri4]

It doesn't matter if US taxes were as high as 93% in the 1950s/60s, the US government has never collected more than 18% of GDP at any time, mainly due to lots of exceptions and truth is people just stop producing/starting business, and of course politicians would be hit with out the exceptions.

[@brightlight6113]

The Netherlands is also working on an exit tax that will tax people even when they are earning money outside of the country

[@DivergentObserver]

😧

[@rockerjim8045]

fun fact. Boris Johnson ex PM of the UK was born in New York and as a US citizen had to pay Capital Gains Tax on a property he sold in England. He was not pleased and renounced his US citizenship. This cost him in the region of $2K

[@Guillaume0688]

Can't happen. They will need to renegociate every bilateral agreement.

[@royalbiscuits8442]

Where the hell is all of this money going.... governments are taking more and more, yet every single western country is going down the pan?

[@thijmstickman8349]

France has some of the best education and healthcare in the world, all free. French passport bros benefitted from that for 20+ years, that's why they're rich.

[@luigifranceschi2350]

As Canadian living in Dubai I would accept to pay a hefty fee of 10k to renew my passport, given the fact that I still enjoy the possibility to ask for consular services and move back to canada and enjoy the social welfare should I not be able anymore to afford to live here. But that’s it. If they were to ask me to pay taxes like in canada, I could not simply afford it since the cost of living here is at least the double since many things that in canada are for free, like school and healthcare, here are costly. I would be forced to give up the passport.

[@DisleyDavid]

The myth that the EU is a monolith is challenged by individual members deciding their own laws, including deciding tax law.

[@thestalionmassimo]

I live in belgium 54%taxes

[@fumanchu9701]

Hopefully the health service is 1st in the world with that rate.

[@ashwin372]

if you are paying that much in tax , government should provide a house as well. At this current rate population decline is certain

[@Key_Di19]

How does it feel to provide your own fair earned money for the huge army of “guests”/freeloaders??😢

[@thestalionmassimo]

Its avarage😅 a dokter appointment​ with a specialist takes 2-3 mounths@@fumanchu9701

[@thestalionmassimo]

​@@ashwin372everything is getting away to expensive here.

[@KINGKING10109]

Glad we left.🇬🇧 We saw it coming

[@osmaks1518]

Just move out of EU and say NO! Simple..

[@grey886]

The United States does the exact same thing for decades now.

[@azerty123qw]

It could be a breach of the EU principle of free movement of persons. Additionally, it would be logistically complicated. In other words, legally uncertain, logistically expensive and hugely unpopular, so probably not worth it as it will cost more than it brings.

[@synewparadigm]

Do you think government does logical things? 😂

[@azerty123qw]

@@synewparadigm that's why we have the European Court of Justice and the European Court of Auditors.

[@TheBioniXman]

I have lived in France for 20 years but even as an Englishman I have to pay UK tax on my UK military pension. Not much difference then.

[@smetljesm2276]

This will be the norm in 10-20yrs for all countries. Big and small. They will all see it as money left om the table.

[@maxflight777]

FFS, unbelievable changes. Thanks for updating us Nomad Capital ..

[@TheMiklaw]

That proposal would be in violation of the core principles of the four pillars of the EU, Free movement of people and capital in particular, thus it would at least be stuck in the EU courts for some time if it passed.

[@fl00fydragon]

I'm not against that The reason is that tax havens have crippled western nations and put the bulk of the tax burden that has been dodged on the average person. In addition, this has resulted in less public funds that could have gone to education, research and other vital public functions. In turn this means a weaker economy in the long run. Here's the reality: if the EU is to stand on its own two feet it MUST unify and fund ambitious R&D programs. This cannot be done via more austerity or taxation of average people. It would only lead to further political destabilization. Those who have evaded paying taxes via tax havens should pay their share.

[@hundvd_7]

I can't believe how far I had to scroll down to find someone that doesn't just speak in buzzwords and actually has an opinion

[@jul8803]

Taxation without representation...

[@mrbHanoi]

I kicked the IRS's butt 5 times.

[@stephen2203]

UK abolishes non-Dom status, but at least there does not appear to be any mention of an exit-tax.

[@KevinBoogaard]

That would literally be the only reason to give up my citizenship and relinquish my current passport

[@Dutchy695]

No contract no consent no comply.

[@1312cleoke]

Great , then i give up my nationality when i retire ...

[@ciciskafalar3296]

guys, you know that we might have the chance to stop that by writing the petition to eu commission and by getting organised together

[@user-um7tw6kx4r6]

No. France is in a unique position. France has taken money from over a dozen African former colonies for decades, and that's why the country was so rich. They are not going to listen to your petition because the country will collapse if new measures are not taken. Macron keeps talking about how the EU is dying, he's really talking about France, which is the leading country besides Germany.

[@ciciskafalar3296]

​@@user-um7tw6kx4r6 me i speak about eu , about what france is going to advice ... i say we can write to eu not to france goverment ..

[@Azmodan3000]

So when the USA does it, nobody complains, when France does it, everyone is judging them !

[@camiller4916]

Everyone complains about the irs. We all hate the irs

[@zogjones]

did they shut down the whole restaurant for you??

[@JasbirSingh-zj1fg]

He bought it for the video.

[@ScrotieHongKong]

Behind the scenes this is being discussed in the uk as well

[@rdf6205]

I was EU based. Built a small business empire worth around $30 Million. Got sick and tired being milked, funding EU garbage laws and socialist cancers. Turned 50, Sold absolutely everything, busninesses, houses, stock portfolio etc, i spread all the net proceeds into basic savings accounts and gold. Most of it in the UK, post Brexit. Now i have no income other than interest income and pay tax on that. But, at least im no longer being milked and living my best life. FUEU.

[@frevebe7693]

lol till you have to pay a wealth tax or tax your interest income... They will always find ways to steal money.

[@RandomPostcards]

France, through the OECD, is also applying pressure on other countries to change their tax filing requirements and forms so French citizens living in those countries, and not paying taxes there, have to at least declare certain income streams that France expects to tax worldwide (like royalties, license fees, etc.). So believe it, France is hard at work to implement some sort of worldwide system of tax filing and bank reporting so that people are not going to be able to ever disengage from their taxing authority.

[@alfonso87ful]

Move to a 3rd world country and declare only the minimum ..

[@Flashpoint2]

Interesting. One would assume that those being taxed will also have the right to vote.

[@MillennialsWithMoney]

Looking forward to seeing Live Like a King in Madrid!!

[@nomadcapitalist]

Watch this space, coming soon!

[@ONETWO-k5o]

This is crazy

[@frankam3443]

If only these governments put their minds into something worthwhile.

[@runderwo]

Being triggered by 3 of the last 10 years residence in France makes this more of an exit tax than CBT.

[@matthewnirenberg]

The difference is an exit tax is a one off event. This is effectively permanent unless you go to another high tax country. The point is you're stuck in high tax and can never pay less than 50% of Frances taxes without paying the difference to France.

[@africarain8294]

They will be moving to Russia ❤

[@indrinita]

I have definitely not heard about this for Canada.

[@damienprevot2599]

Working for think tanks. I get it! She works for a U.K. think tank. 👍

[@timmy7201]

I know someone who moved to the USA for 18 years, to grow their own business and earn tons of money... He then came back to Europe during retirement, because of our free healthcare and better retirement pay... I've zero problems with people who go live in a tax heaven, for their own financial gains. I do however have a problem, with those who abuse our European social system without paying for it!

[@TheColdViking]

This is a natural response that EU has to global minimum tax, so the rest of EU will follow soon. Those coutries have aleready agreed about global minimum coorperate tax of 15 percent. So is companies as people pays less tax than that, then they will be taxed in the coutry where they are citizen from for the rest of the amount. But as you point out, they will also close that door of renounsing the citizenship to get rid of tax. That means that you can still buy a citizenship, but you won't enjoy the tax benefits as much as before when it comes to doing that.