How The Pandora Papers Actually Work - How Money Works

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The Pandora papers are the latest in a long line on P Papers that have supposedly unmasked the shady dealings of the global elite’s worldwide network of money laundering, tax evasion and corruption.
You have no doubt seen the headlines, and if you are following the story closely you are likely thinking that nothing will really come of this.
It’s been five years since the Panama Papers were released the world and since then they have been followed up by the paradise papers, as well as a series of smaller leaks ultimately confirming what everybody suspected was going on anyway.
Now to an outside observer it is easy to be a bit disheartened by all of this news and simply resign yourself to the fact that these schemes will just happen forever and nothing will really be done to punish the perpetrators. This narrative would certainly be supported by the outlets publishing these stories too, because to be honest… outrage sells.
But it’s not necessarily the case, and perhaps the best way to see this is to do what no stories on this issue have been willing to do, and that is to unpack how this creative international accounting actually functions.
#PandoraPapers #PanamaPapers #howmoneyworks
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[@HowMoneyWorks]

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[@george_anak_lihi]

#77777777778890997653321257998754567

[@M4551kt]

Please update this video as new efforts to suppress those schemes are being made: - BEPS 2.0 system from OCDE, where tax authorities are all connected and able to quickly check - Global Minimum Tax - National list of jurisdictions that are blacklisted by countries for being too permissive

[@jeremygood3246]

I'm new to crypto trading, how do I get started with the help of a professional

[@claresmithy4667]

She's on face book

[@claresmithy4667]

Catherine S. Woods

[@1whospeaks]

I believe this guy 1000% when he says he worked in investment banking. "This thing multimillionaires do sucks, time to teach you how to do exactly that." Absolute legend of a channel.

[@brentfarvors192]

Yeah, the only onstical being the millions of free cash on hand to start with...What it also doesn't state is all the $ to set up the trust. The one "rule" of tje trust being a separate natural person must be in charge of fund distribution (at least on paper), for a beneficiary...

[@antonyduhamel1166]

​@@brentfarvors192 But if you hit a big lotto win, you now know how to shield that money from greedy relatives.

[@indiaculture5166]

Every family has that one person who will break the family's financial struggle , I hope you become the one 😊

[@antoniolabrasca9069]

Assets that can make you rich Cry-pto Stocks Real estate

[@haydencraig7149]

​@@antoniolabrasca9069You're right, it's obvious a lot of people remain poor due to ignorance

[@jeremygood3246]

Starting early is the best way to getting ahead of build wealth, investing remains the priority

[@lindapoplin7150]

​@@jeremygood3246True

[@christopherhobb7702]

Having a job doesn't mean security rather having different investments is the real deal

[@dylanmoris6211]

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

[@KelvinWallace]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading

[@LionTowercoporation]

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

[@williamsbrown4026]

@@LionTowercoporation who is your financial coach, do you mind hooking me up?

[@williamsbrown4026]

@@LionTowercoporation Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.

[@Riggsnic_co]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[@Oly_laura]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@martingiavarini]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@hermanramos7092]

@@martingiavarini Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person

[@martingiavarini]

@@hermanramos7092 My advisor is Catherine Morrison Evansshe’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@hermanramos7092]

@@martingiavarini I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.

[@owlmostdead9492]

TLDR: equivalent to a financial VPN

[@hikingwithmatt]

TLDW*

[@capitaltycoon]

The more you know about VPN’s the funnier this is 💀

[@Serby665]

So, rich people keep getting adds for MoneyVPN when they want to watch a video?

[@randypyles439]

That is so perfect WOW

[@KenSDCA]

@@Serby665 No. The ad goes to their holding company.

[@ShaneLikesCake]

Note that Ireland's 15% corporation tax only applies to companies with revenues of €750m and above, wonder if this could be avoided by just creating several holding companies with less than that in revenue

[@heigohausenberg4949]

Risky. It might be intrepreted as tax evasion scheme. Like it is :D

[@markmuldoon7044]

Ah I figured the government wouldn't give up on their beloved corporations so easily. They'll probably get 3% back in development grants anyways haha

[@FreeOfFantasy]

There the Irish Dutch sandwich comes in. The Dutch don't tax revenue from IP at all. So you create a Dutch company that owns the name for your company group and licence it to the other companies. For some reason the fee is such that the other companies don't have any profits. Curious that. There are also tricks with companies giving each other loans and paying surprisingly high (or low) interest.

[@Beregorn88]

Also it is applied to only a certain fraction of the NETT gains above a certain threshold. At the end of the day, they keep paying peanuts...

[@jaystrickland4151]

The 15% likely will not change anything. Corporations are not like us they have different expenses based on the type of business they are in so they are all taxed based off their net revenue rather than how we mere mortals are taxed. So lets say Panama charges 15% but allows the company to write off any and everything including expenses that aren't felt by shareholders ( like depreciation) so my evil holding corp pays 15% of zero.

[@MichaelVanoverJr]

“Hey guys, today we’re going to learn how to NOT set up a criminal international drug empire-“ is basically this video but for any other type of business. Pure gold 😂

[@brentfarvors192]

Fortunately (and unfortunately), the process is the same...

[@polyvioscharalampous2460]

As someone that works in taxation, this video is gold. The explanation is on point and it’s as clear as it gets for the time frame, great job!

[@BlackQueenNetwork]

what is such a structure called do u know?

[@Nikita-kr7zc]

What are the tax benefits of Singaporean trust? Or which country's trust is the best?

[@BlackQueenNetwork]

@@Nikita-kr7zc the best country is new zealand, specifically the cook islands.

[@pdc0075]

Under this structure that he explains, what type of trust is used to hold the shares of the "holding company"?

[@bigshaqdragon9653]

*me in 5th grade Teacher : What do you want to be when you grow up? Me : Internationally condemned businessman

[@Spookspek]

@@johnfran3218 Bravo. You've figured it all out. Go claim your prize at the nearest Wendy's. Tell them the passphrase is "ligma".

[@edersonnico]

It is the same as a medieval peasant dreaming of being a high noble.

[@ShakeDaUniverse]

Lol. Me too

[@rickv9180]

My dream was as simple as becoming like Indiana Jones

[@spicyjuice1968]

sign me up

[@aleksandersuur9475]

Technically legal is the best kind of legal.

[@ShakeDaUniverse]

Lol. It really is

[@spamosky]

💯

[@lioninthemountain6350]

It's the only kind of legal

[@jrr7031]

Lawful evil

[@ambrosia-venusbelladonna835]

It's what I call "Quasi-Legal"...

[@GeorgiaMoore.]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless

[@genavazquez2943]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading

[@Hermanjackson89]

May I ask which stocks are good? That holds true from long term investing to day trading a few different ones but want others' opinions as well

[@corinnewalcott2067]

what i think you need is a Financial Adviser, who can help you get in and out of any stock you buy at any time and you'd sure be in Profit

[@Hermanjackson89]

who would you recommend?

[@corinnewalcott2067]

I work with Cioffibrown Alison who thought me various market I have been able to generate a good profit across high dividend yield stocks, ETF and bonds during this red season.

[@AffinityLife]

As someone who sets this up for my clients I can confirm this video is legitimate and explains it quite well.

[@ALifeOfWine]

Do you know at what level of turnover or profit it becomes beneficial to set up this kind of structure?

[@reciv4]

.

[@richardmatthews7489]

@@ALifeOfWine ?

[@ALifeOfWine]

@@richardmatthews7489 ?

[@richardmatthews7489]

@@ALifeOfWine good question!

[@FeroxV]

This is disgusting! ... I wish I could do this myself though

[@FranceGaulGallia]

Commie until rich!

[@drek273]

@@FranceGaulGallia lol

[@Humster]

I'm devastated that my name ain't on the papers.

[@coinpost6779]

How Money Works is really the best top notch in trading.

[@drek273]

@@Humster same

[@carlospulpo4205]

This explains how we have wealthy people living in homes and driving cars owned by holding companies while declaring an [taxable] income in the poverty region such that they are eligible for and receive government benefit programs and stimulus payments designed for low income households. All this happening while the common folk are hating on the teen who refused to work and took an extra stimmy.

[@hierotsu]

Clever comment! I don t understand how the middle/lower class is so blindly stupid to force on each other this slavery... The richest don t even have to force them, just spread some lies.

[@ariekeren1393]

Are you talking about Jeff Besoz?

[@hierotsu]

@@jellyfishi_ the comment has nothing to do with that, but the fact that we force our Young's entering a slavery system. Adolescents would be a lot less lazier if they knew they could have a real and developping future.

[@dalebetterton5255]

@@hierotsu How to show utter ignorance of what "slavery" means in two short sentences.

[@hierotsu]

@@dalebetterton5255 I really shouldn't use words like that, you're right. I use the term slavery as a concept (young's, and others, obliged to work for low wages in order to pay the debt that riches forced on them), but it can be understood as it literal meaning. I'm sorry for that. But please, don't simply react and stop calling people ignorant. It just get the conversation and thinking impossible. Have a nice day.

[@adalbertotorrero5893]

Very accurate video. The wealthier the person, the bigger the scheme / structure.

[@malashebad6181]

"there's no reason for outrage! it's all PERFECTLY LEGAL" made me laugh because I'm pretty sure the legality is not what people are upset about lol

[@laulaja-7186]

Law and ethics are completely independent much of the time aren't they.

[@cortanathelawless1848]

I mean I guess it kinda is because it once again shows that laws aren't there to protect people but the ruling class

[@incurableromantic4006]

There's a lot of dim-witted people out there who think "law = good".

[@sheldoniusRex]

I'm not upset at all.

[@freedomastrology]

Great video. That jet ski jousting league though, sounds like a legit idea.

[@thomasbacon3997]

My ears perked up hearing that, who’s keen to invest? 😂😂

[@ramensenpai2754]

Sounds great, but the safety standards would be a nightmare.

[@JSandoval80]

@@ramensenpai2754 not if you have a 'squid game' clause. Though finding insurance underwriters might be another issue.

[@4LXK]

I can hear your trustee eye-rolling right now

[@icecoldrugby]

Let's start a discord to get this going.

[@MaslinMonty]

26 dislikes. I wonder how many of those are natural persons.

[@watchlistsclips3196]

Now 63 bruh

[@andreaslind6338]

@@watchlistsclips3196 international finance is ramping up the bots 😆

[@watchlistsclips3196]

@@andreaslind6338 lmao

[@cloudburstdrones]

128 now

[@davidanalyst671]

I dislike this video. It starts out saying "This is the best way to protect yourself from lawsuits, and legal problems with companies" and at the end it is saying "This system is used by criminals to hide their dirty money" This video is propaganda. You don't need to be a criminal to want legal protection for your money. 10 years ago having a "SWISS BANK ACCOUNT" was evil, and before that, the most evil thing you can do with your money is have it stored in a cayman islands bank account. Fckin go online, and open a fckn bank account in fckn switzerland and put your paycheck in your swiss bank account. There you go, Criminal

[@OmarSalviMK]

The only content that actually explained how these schemes work. The news only talks about them without going in detail. Love this channel as after Graham Stephan changed his branding to fit the algorithms I needed something more genuine again

[@luisandrade2254]

Graham Stephan is still the most genuine KZbinr unlike others that don’t even show their face like HMW

[@celtekrider2]

@@luisandrade2254 All of Graham's videos start like this "😱 were all doomed! 🔥💸".....

[@luisandrade2254]

@@celtekrider2 yeah nowadays he’s gone downhill he’s always repeating himself I feel like his channel has run it’s course but obviously he’s too greedy to let him die who can blame him when you’re making millions? If only his audience quited and he was forced to move into a new project

[@celtekrider2]

@@luisandrade2254 Oh believe me times are changing For those guys for 2 reasons. 1. Retail investors are being squeezed for everything due to the Biden admin,, and I don't think hedge funds or institutions gaf about KZbinrs. 2. Even tho clickbait is here to stay, the age of fear mongering for views will flip again. People only click on the 😱 videos due to uncertainty. But again without retail investors with money in the market and wars coming to a head, eventually the last thing people are going to want to see is more bad news.... specially if all the bad news has passed lol.

[@MoonieDragonDraws]

@@luisandrade2254 greedy? It’s greedy to try and salvage your major source of income? That’s not greedy, that’s just smart. All KZbinrs, public figures, celebrities, etc. will go through periods of growth, hit their peak, and then fall off. It’s just the cycle of entertainment. Graham isn’t greedy or a scammer or something because he won’t give up on his channel smh.

[@IceglacierArnar]

Brilliant video...like this channel. You simplify things a lot. Thanks

[@chadestioco]

"If you are thinking throughout this video, 'if you can't beat them, join them'..." Who are you and how can you read my thoughts?

[@HowMoneyWorks]

I’m the protector of Gotham City

[@mrsbasia122]

@@HowMoneyWorks You missed the opportunity to unironically tell someone "I'm batman." XD

[@not_enoughmana]

It's not who you are underneath, but what you do that defines you.

[@gadget00]

@@mrsbasia122 copyright you know XD

[@McBlokeados]

@@gadget00 So sue him. If you dare...

[@bens4311]

Serious question; would $1m be enough to set up a jet ski jousting league?

[@HowMoneyWorks]

Just make people bring their own lances and I could see it happening.

[@TheChees1996]

And have good insurance.

[@rufuspub]

Countries outside the US have the coolest random sports/competitions. Was watching a tank competition between a Russian team, Chinese team, and an Uzbek team held in Uzbekistan. I was like where are the US M1-Abrams team and German Leopard team?

[@jorgenoname6062]

@@TheChees1996 fuck insurance make people sign liability waivers

[@syferpolski4344]

@@rufuspub TankBiathlon is a Collective Security Treaty Organisation (aka. Warsaw Pact 2.0) training exercise, with China sometimes attending to compare their machines to the designs they're based on. NATO countries don't attend to avoid letting Russia see the details of the designs, because Abramses and Leopards could end up fighting the T-90s some day.

[@DomskiPlays]

Just wanted to say this was a really great video again! Thank you very much

[@M4551kt]

Quick note here on the coal mine in Brazil example. Brazil taxes the UBO - ultimate beneficial owner - meaning that no matter how many layers of companies or trusts you have, you must disclose the UBO to the tax authority and that natural person will have to pay taxes. That means you need reside somewhere else or else pay taxes here. That is very common in those schemes, because often countries tax the UBO, specially if they follow OCDE standards. The result is that you don't only choose carefully where your companies are, but you also have to choose carefully where to reside so you don't get taxed as UBO

[@consultant2b]

Very interesting, just curious, at what sort of turnover, and profit levels for a given entity, is all this complexity worth it?

[@M4551kt]

It isn't as much about as profit levels, as, for example, it is normal for startups to already incorporate an offshore structure from the get-go. Depending on your sector's regulation and local tax rates, you can easily calculate if offshoring is the way to go. To provide you some ballpark numbers: it is fair to say that the setup price ranges from 15k in a cheap jurisdiction (Panama, BVI) and non-compliance with economic substance laws, or up to 80k (USD), in case you do comply and incorporate in an expensive country (Switzerland, Luxembourg). The yearly cost to maintain, I would estimate between 5k - 40k, following the same logic. For wealthy individuals and wealth management, I have no idea as I never worked with it, but incorporation prices should be the same

[@brentfarvors192]

%5 of annual revenue vs %40...? Imagine some countries even allow bribes in lieu of taxes...

[@honor9lite1337]

Interesting 😮

[@M4551kt]

@@brentfarvors192You can get up to 0% in some scenarios and places. That's why the OCDE is trying to set a global 15% tax rate. It would be nice if we ever get there, but lowering taxes can be a legitimate public policy to attract foreign investments for countries with low population and resources (like islands).

[@EveningEcho89]

This was a cool video . I’ve never had it explained to me before. Cheers

[@hoangvu9360]

Yeah, so cool.

[@americachillout9386]

Keep educating yourself, a decade from now videos like these will be scrubbed off and banned.

[@davidanalyst671]

yes you have. This is the same concept as having "A SWISS BANK ACCOUNT" ten years ago, and 20 years ago "OOOHHHH you have an evil Cayman islands bank account" As bloodthirsty lawyers get more invasive and more litigious, the people with money will get more protective, and hide thier money better. The majority of the people with these trusts set up are hiding money from Lawyers, because lawyers consider it their job to take as much as they can.

[@rewindx123]

This was a really interesting video! I’m so glad several real actions happened from these papers

[@davidanalyst671]

This whole topic is so stupid. These are leaked bank accounts. So what? Anyone can fly too cayman on vacation and open up a cayman bank account, and "HIDE ALL YOUR CRIMINAL MONEY" when you put $5 dollars in there. This video is 60% lies.

[@deaftuned4439]

great video, man. as always! the only thing i noticed is that the paper background changes to fast. it's kinda messing with my eyes

[@Jodus_MacGotuss]

This is one of the best informational videos ive ever seen

[@moreaxe9829]

lesson learned keep suing the bussiness company they have lots of golds and have fast respawn time.

[@bolt5564]

They have fast respond time but not a ton of gold. Most of the gold is held by boss companies.

[@rashoietolan3047]

Beware of uno reverse cards

[@SR20DEWhitebird]

Criminally underwatched and undersubscribed channel! Thank you.

[@michaellouis5458]

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@anastasiakoen5872]

You’re right, the importance of multiple stream of income, unfortunately having a job doesn't mean financial freedom or security

[@anastasiakoen5872]

speaking of been successful. I know I am blessed if not I wouldn't have met someone who is as spectacular as Mr Umar basher

[@anastasiakoen5872]

@schneider Bruno O' Yes I'm a living testimony of Mr Umar basher jadon.

[@anastasiakoen5872]

@schneider Bruno he has helped me greatly in life

[@alicesandran3704]

Same here it's four months now I started trading with him, and it's been a good experience

[@DigitalDuelist]

Thank you for making this!

[@ccyamato]

Thank you for just explaining the mechanics behind all this. Now I will go have opinions about it, somewhere else.

[@demon2441]

Anyone can set these up, but few have the knowledge and resources to so so or the money to make it worthwhile.

[@HowMoneyWorks]

Exactly, it's a clear display of the two distinct ways that rich people are taxed and regulated for everybody else.

[@enriqueschannel3506]

It depends on where you live, if you are not a US citizen then it's really easy to do: Start a disregarded LLC in the US owned by a non-us entity which is really inexpensive and lot of people start with this set up until they have money and start moving to better set ups... You still need to pay personal taxes but taxes are not the only reason to do this kind of setups

[@demon2441]

@@obcane3072 Yes, but relatively few do or know. Financial education is extremely lacking.

[@escrowsonly]

You have earned a new subscriber! I loved this video!

[@adrianwamp1890]

this is awesome thank you for sharing such great content

[@illusivec]

I always wondered what "Ltd" at the end of every business meant... So it's "limited liability"... I can't believe I realised this in my 30s...

[@KoreaRwkz]

There's limited by liability, and limited by guarantee.

[@matthew9677]

This video refers to LLC. LTD is a wierd hybrid ( at least use most USA states) where some people are just investors and some a day to day operations managers and only one group has limited liability and tether group doesn't.

[@KhanFus1on]

Congratulations, you're one of today's lucky ten thousand!

[@martinbarrett7703]

@@KoreaRwkz und

[@hkrumble]

The concept of limited liability is taught in the very first class of many accounting courses. It’s good to know the basics.

[@CJacobson]

Interesting how it only affects newbies to the business leaving the old guard unscathed with their financial empires intact. Now, it makes sense why all those major CEOs stepped down 2 years ago.

[@augustcanyon3438]

They also stepped down to bring in the next wave of servants to the Neo-CommuniFascist Fourth Industrial Revolution/Agenda2030.

[@atulsingh7539]

Sir this is just a suggestion and a request please do try to include the links of the sources and books from where one could further study and research about the topic, it would be more beneficial in educating the people, and for broader audiences like research scholar, entrepreneurs, people interested in knowing more, and students, it may even help you get a few more sponsors (like the website you will use for research) for your time and effort, it's a win-win for both you and your viewers, please do consider. Thank you.😊 Really need these contents.

[@davidavery2795]

This was interesting. I used to work in Insolvency in Australia. To add something regarding the holding company and operating company side to the structure, there is legislation in Australia that holds a parent company responsible for losses to creditors of a subsidiary if the subsidiary is deemed to have traded whilst insolvent. This highlights the importance of putting the holding company outside of Australia where the trading entity is operating. You have to be careful where the holding company is registered because several “stable” countries with sophisticated and similarly oriented legal systems have begun harmonising insolvency operations allowing a liquidator from country to recover assets from participating countries.

[@DronkenDrenthen]

Great tutorial... I'm setting it up right away

[@battleshiparmorlord]

Definitely a controversial topic that has for- and against- arguments. Great video showing the basic structure of these "tax preparation" and "lawsuit mitigation" schemes. Keep making good original content

[@smegleymunroe863]

Hang on, what conceivable argument is there FOR allowing these legal structures to exist? Is keeps money from entering the public good, and is a massively inefficient allocation of labor resources. All the time and effort spent preventing rich people from paying taxes could be used to build bridges or trains or just take a load off of manual labourers

[@luisandrade2254]

@@smegleymunroe863 ahm they aren’t illegal lol why should anyone be against financial protection lmao it’s the argument against that is completely non existent just a bunch of angry jealous lefties nothing serious

[@andras1154]

Pro is that they think they might get rich eventually and have to protect themselves from legal consequences.

[@luisandrade2254]

@@andras1154 why is being rich a crime to you

[@andras1154]

This structure obviously doesn't protect from going to jail for being rich. It's a protection from liability and taxes, so they don't have to pay their share to maintain the society they rely on, and don't bear the consequences of their actions. The goal is power without responsibility or accountability. We can just go back to ruling nobles by divine mandate at that point.

[@aymenhimeur7875]

I think you're the only channel in yt who worth to watch

[@hfw3]

Excellent summary of the how AND the why.

[@ollimekatl]

I learned some of this working in a cannabis start up. Having a holding co is required in most states because cannabis is federally illegal so the LLC growing and producing is owned by holding Co that hires a management Co that manages the LLC. I was technically an employee of the management Co and not the garden or extraction lab.

[@daniele.5163]

This is probably one of the most important videos I've ever watched. Thanks!

[@ajrobbins368]

If you say so. I highly recommend Patrick Boyle's video on the Pandora Papers. He adds even more detail & nuance.

[@daniele.5163]

I was referring to the fact that having a video on KZbin that explains step-by-step the exact tool the ultrawealthy use to be "financially invincible", free of charge, without restrictions is an amazing thing. I'm pretty sure that this knowledge is worth huge sums of money, and it's likely that never in history was such a valuable information freely shared.

[@alphamajestic5566]

Super informative! You’ve earned a subscriber! 🎉

[@georgeperkins5596]

Great work on the video I love your content. That wrinkled paper effect on your graphics in really hard on my eyes, not sure if anyone else has that issue. Just some feedback from a viewer. Again great video!

[@killermogle]

Maybe if the American government didn't waste 99% of our funds, people wouldn't have to avoid high taxes. Wealthy people are essentially taxed more than 50% just from corporate and income taxes, not to mention individual state taxes for where they live. It's honestly amazing how they haven't fired everyone and moved to another country.

[@emmanuelgonzalezcaseira9141]

Interesting video I gotta say. I always wondered how these structures are made, but until now I didn't manage to grasp the simple concepts that make it. This has made me want to ask you if you would consider to make a video, very much in the type of "now you are a millionare.... now what?" video, but the topic being of a business that has manage to grow large enough that can become.... a global company? international company?, I was wondering if you could illustrate the process of how a company goes from national to global. I think with how well you manage this information you could explain it in simple terms that even a layman like me can understand.

[@victorb5]

he did make a video about that I think

[@sn5301679]

When you become rich, usually you will hire a "money/tax consultant" That where usually starts, they will offer "how to minimize tax both legally or ilegally"

[@camiloguzman1801]

Good idea, well thoughted 🥳🥳🥳

[@zedek_]

He did, and mentions it at the end of this video: kzbin.info/www/bejne/oKu6mnp3eKp3raM

[@1nf3ct3dTT]

@@zedek_ thats about getting rich suddenly personally. op wants to know how a small company grows

[@ubda1]

Thank you for making this informative vidéo! Score one for the good guys.

[@Sovereign589]

Thank you for this good video, I learned a lot! Unlucky that you learn nothing from that in a foundational economics degree

[@a0riginalname780]

I really like your videos and would like to learn more about these kinds of things. I just don't know where to start. Any good suggestions on books or other kinds of resources on these kinds of topics?

[@DarkBloodbane]

Ouch, that's a really complex structure of company. Makes me wonder why noone had ever bother to create law against it. Thanks for explaining BTW

[@l8Os]

because politicians are all millionaires, and they use all of this to hide behind. They wouldn’t make a law that doesn’t benefit them.

[@lilscoobynetwork]

Because taxation is theft, imagine someone taking 40 - 50 percent of your money and the only thing you actually benefit from is being able to drive on public roads. In a the U.S you could be born to a 18 year old single mother who hasn’t paid a dime in taxes, but applies for food stamps and housing assistance live off of that for 18 years then go apply for the same assistance, do under the table work or cash only so you never pay taxes until you’re 65 and then ride that social security wave until you’re dead🤷🏿‍♂️

[@christoph3187]

They have, the loopholes determine this structure. But no one has an interest to be too strict as it gives serious competitive disadvantages, just driving money abroad. Also many politicians also invest their money in these structures so they don’t really want to go down to hard on them…

[@adriatic123]

Because it is not illegal to establish companies. It is only illegal to avoid taxes. If you incorporate in a country with a modest tax policy, let's say 15%, there is really no motivation to avoid paying such tax.

[@arealponibean1223]

​@lilscoobynetwork Taxes are how governments get money to then IDEALLY use it on things for the country and it's people. Problem is: big corporations and capitalism have removed morality from the equation and turned money from the means into the end. Taxation is not theft by itself, unless it's like Unity making developers pay for players installing their games.

[@bahadrsarcicek7110]

Amazing video, thank you so much!

[@jahimuddin2306]

I would like to set up this kind of structure when I am rich. Not because I want to dodge taxes, but because more layers means my identity is not revealed to the wider public.

[@nunyabidness6820]

joining them is way better than beating them.

[@stephen-finance]

Great breakdown! Love the level headed approach to giving the facts.

[@vere9652]

13:13 "If you can't beat them join them" You got me 🤣🤣🤣

[@MarceloLaraM]

This is my new favorite channel

[@emmanuelluchmun3981]

Really clear and well put. Maybe a bit fast for a layperson I imagine, but a great summary nonetheless. Thanks for the video.

[@vertigq5126]

Always a pleasure to watch your informative videos man. Keep up the good stuff and God bless you!

[@robertharrington2065]

Even after a year of this video being made it really informative

[@Blsbr02]

I love this channel. Thank you.

[@woundedhealer8575]

I’m not gonna lie that jet ski jousting sounds dope af😂 great video man

[@tuams]

This was great! You actually approached this in a way that answers the apathy question in a satisfying way. I like your style - explain in a way that makes sense to a regular person.

[@ramzykaram296]

Dude, I didn't want the video to end that was mind-blowing, how to learn more about this ? make a course I will buy it.

[@LaddDentalGroup]

Thanks for the video!!

[@banzaipiegaming]

We neither as individuals nor as a group of normal, average working class people, can do anything about it. The only reason there was any sort of legal repercussions at all after those papers were published was because they were avoiding taxes in some way. That's the only time the people with real power to enact changes will actually do anything (When it affects their own tax revenue/the IRS). Plus this is just only what we know. Bet there's a whole hell of a lot worse things going on that we still don't even know about too. So I will simply acknowledge it but stay uncaring because it doesn't matter whether it's published or not, it's a waste of mental effort to care at all when nothing meaningful gets done about it.

[@starlordyt6151]

unless we want to be like them (those elites), which i believe a few of us want to be.

[@psy_duck8221]

@@starlordyt6151 if you cant beat em, join em. And then turn on them.

[@augustcanyon3438]

Also, those "new" safeguards more than likely have their own loopholes to allow the scheme to continue. Working class people can't wrap their head around the corruption and schemes created by the rich to "police" the rich.

[@altGoolam]

We can and it has been done. Look at the Bolshevik revolution. Working class struggle needs to be organised and consciously anti-Capitalist. If we can do this, we will progress.

[@Sovereign589]

meaningful things were done about it as stated in the video. I agree with you, that you don't have to waste mental energy on the most topics the media represtens as "relevant".

[@alekspanzone1721]

I need to write this down, I mean you never know. Thanks for the advice

[@user-rj7ti7ny8l]

Thank you. Great video. Verry valuable. This month I already have to start iusing these systems.

[@matouspalecek8208]

One of the best videos I've ever watched.

[@TotalTirpitz]

The bit that always gets me; setting up these schemes is cheaper then the taxes.

[@elijahevans1191]

This was a really good take. You should do one on transfer pricing.

[@gadget00]

let me vote for this one again, by leaving a comment.

[@robertfuture]

Great video. Question. When you mention a trust, are you talking about a living trust or what type of trust?

[@maxavail]

This is truly gold information.

[@SGerats]

Wow! Keep up with the excellent work ;)

[@tonyarcus]

You hit that one out of the park. This is why gst would be better than income tax. If I spends my money I get taxed. Not like now if I hide my money I rarely get taxes even when I spend it.

[@ADMIN-ye3yj]

Thanks~~~~< for watching_and don't forget••• to hit the like>watsap ➕ ① = ④ = ⓪ = ⑤ = ④ = ⑥ = ① = ⓪ = ⑦ =② =④..📲...

[@thewizzzzard]

Thanks for the super clear video.

[@MKIVGTI1.8]

12:55 THIS. Glad someone is finally saying this because its so true

[@kendellfriend5558]

Actually I own a business and have a holding corporation where I use an LTD in the UK to funnel money back to the US solely because the US has such strict laws against forex trading. You can’t even open a bank account here dealing with forex. The UK was a shockingly tax efficient and simple choice.

[@ChabodMasere]

@IRS

[@stevewilson1309]

@HMRC

[@RollingcrewTV]

🐍🐍

[@mattym8]

Laws against forex? I setup an IB acct and trade currencies all I want. Also do it for friends and several of my businesses. My accountant and the tax man couldn’t care less. I report any income.

[@kendellfriend5558]

@@mattym8 I can’t use IBKR for forex because I don’t meet the requirements. I’m only 22. I use a funded account for now and use IBKR for mainly investment growth and to hold my treasuries. I was told by every bank a business that deals with financial contracts without a specific license from a regulator can’t open an account in the US.

[@liammwaghorn]

This was great, well done

[@HowMoneyWorks]

Thanks :)

[@jorgecrypto5902]

☝️ DM for my assistant asking about something profitable in Crypto currency. BTC, ALTCOIN, ETHEREUM, CAD..

[@tanjoy0205]

@@HowMoneyWorks why did you use Singapore as the background in the thumbnail

[@gavnonadoroge3092]

a bigger takeaway here is that business people have to employ corporate gymnastics in order to set up business structures, because no single country offers a favorable business environment

[@daviddavid5880]

Very informative. Thanks.

[@tjmarx]

Can you do a more in-depth video on how to set up these structures? Maybe cover the best 5 countries for each of the stages and why they're best for that stage? Not so much a finger shake as a tutorial? That'd be great.

[@jan3386]

i am also willing to learn more about this, i think if you dig deep enough the internet will give you an answer. I own a fairly small olive oil company from greek in germany, and the taxes are higher than i‘d like them to be. but if you ‚only‘ earn your salary, i‘m sure this won‘t make sense for you

[@lornforlorn4867]

😂

[@loydriley9221]

When you invest, you're buying a day you don't have to work

[@maxiecharles2842]

Assets that can make you rich Bitcoin Stocks Real estate

[@kingbush9328]

You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

[@cassiejacobs4197]

It's not ignorance but due to some unprofessional broker in the market

[@mbalimaka6393]

Bitcoin is the most profitable investment online of only you trade with the help of a professional expert

[@alicemark5918]

I'm from Spain i have been an investor in the crypto market for over 2 years now

[@NotSure109]

Why would you be outraged at people protecting themselves from thieves dipping into those people's pockets? You're not entitled to other people's bodies, and the includes the pockets on those bodies. Nobody owes you anything.

[@gonzaloenrique8741]

Yes!!! That ending is why I'm subbed to this channel! Can't change the world. But if rich people wanna show me the way to the top by going first, I'll follow. 😏

[@Outdawrzman]

Can you do a video on charities and foundations. Most entrepreneurs are moving away from Trusts, they have a 20 year horizon ( in Canada ) where the portfolio is taxed at 50%. Foundations are what the global elite are using

[@seawolf7610]

Jake Tran has an excellent video on using foundations/charities to dodge taxes. Funnily enough, it's sponsored by omaze, about which there is an excellent video on this channel.

[@sofialeonardo8777]

Good video!!! Very engaging... With the current market situation, the best investment one can make right now is to invest in the Forex market, although stocks are good, but since I switched to Forex, I 've seen so much difference in my finances

[@julianmark8866]

Inflation is killing my budget and my salary. I can no longer invest in the financial market and it seems that I will have to sell all my risky assets to keep my head above water. What's the best advice right now?

[@sofialeonardo8777]

Investing in risky assets (stocks, crypto, forex, etc.) is easier with professional advice, especially an investment advisor, it really helps reduce the risk of incurring losses

[@sofialeonardo8777]

I had this experience during the last downturn and I thought I had lost everything but thanks to Ms. Jennifer Marie Ferguson who is my financial advisor, I recovered all my losses.

[@sofialeonardo8777]

Stop managing your portfolio and write to her while you keep losing money, she's a trading pro. It will help you win passively.

[@yasminesantos8558]

With everything going on right now, the best decision is to have a profitable investment strategy. Stocks and crypto are good, but forex is the best.

[@Bunny-hn4ym]

Now that the entrepreneur spirit has gripped me after seeing firsthand someone close to me make 45 bucks in half an hour with a sponge, some car cleaner, soap, and micro fiber rags. Time to curate my KZbin algorithm for these videos and a few select entrepreneurs on the platform I ran into. Good video 👍🏽

[@enmanuelaponte677]

This shot is insane, i need to watch this 100 times to learn how to do the same thing. 😮😮😮😮😮 Thanks

[@Narwaro]

Getting sued. Yeah about that. Try making business in Germany or Switzerland. Bureaucracy will kill you, but at least if you are sued, the judge will go “Here’s 1000 bucks in damages, now get out of my court room” xD

[@outdoornet7111]

Well, I had a business in Germany. Had to fight with finance authorities for 5 years until I got money back from them that they took unjustified. Now I live in Cyprus, pay only very little tax, sun and beach every day and they can go and F.... themselves. Everyone who earns money online and stays in Germany is an idiot, honestly. Also no one sues you in Cyprus because it takes like 4-5 years for people to get a court date, haha. They have to be really serious about it, to take that chance. :)

[@robbzooi]

as someone from the Netherlands, literally everyone who lives here is aware of corporate tax evasion, we don't like it, but our politicians seem to do, it's absolutely horrible

[@jorgecrypto5902]

☝️Drop Me A Text Message Immediately

[@GTAVictor9128]

Same case here in Ireland - recently it was revealed that Apple paid less than 0.01% of it profits in taxes, but of course the corporate boot-licking Irish government was like: "This is fine!"

[@ravanpee1325]

Shell moved and will pay their tax in the UK now. Gratz

[@will201084]

That's how you get protected as a country without needing much of a military 😆

[@leonhenry4861]

@@ravanpee1325 there is no tax to pay in the uk if corporate companies have income from outside the uk, so essentially they won’t pay much in tax. Just on the revenue part from the uk

[@jancovanderwesthuizen8070]

The one thing i dont quite understand about all this is how they avoid taxes. If businesses own businesses upon business, I'm assuming the profits get passed up the chain eventually reaching the beneficiary of the trust by dividends payments. How are those not taxed at 20% or 25% or whatever it is in each country at every single step of the ladder?

[@consultant2b]

I actually wonder at what sort of turnover, and profit levels for a given entity, is all this complexity worth it? Also, at what sort of net worth for an individual does making a trust starts making sense?

[@jacob_90s]

May I suggest either a short on wtf is up with rich kids and trust funds?

[@guptabhishek]

Thanks for such an optimistic and unique take on a topic which had been done to death in one singular way

[@esmokems]

I just subscribed. This is good stuff.