Tax Increases You Will NOT Like in 2024

[@benchoflemons398]

You should make a video on how the new UAE tax policy will affect Dubai long term. I like your more philosophical videos. Bol !

[@OffshoreCitizen]

That's a great idea! Thanks!

[@kdjeffery]

Another recent change Michael: Jersey increased the cost of their lump sum tax deal to £250k/yr, and the minimum property purchase to £3.5m. That makes the Italy & Greece lump sum tax deals look like a bargain!

[@gall6336]

But Income over £650,000 a year is only taxed at 1% plus there is zero Capital Gains tax, No imheritance Tax or death duties and only 6% sales tax. Corp tax is zero

[@BobSmith-br7hk]

Portugal has a 28% exit tax on crypto. This applies also applies to holdings more than 365 days old. This is equivalent to suffering from a 28% wealth tax when you leave the counrty!

[@garrettmgunderson]

If they were in cold storage the whole time they’d never know huh

[@sharonk5623]

Where do you talk more about Cyprus?

[@ozziwar]

Excited for new content by the more accurate and honest channel on the subject!

[@OffshoreCitizen]

More to come!

[@tinglestingles]

So glad we jumped and decided to move when we did - following your recommendations! At least we've got 8 years in Portugal under NHR.

[@OffshoreCitizen]

Unfortunately I think they will only be less and less desirable, at least from the tax perspective

[@tinglestingles]

We are spending a month in Malaysia starting next week - maybe our forever home or our 2nd forever home!!

[@tinglestingles]

@@OffshoreCitizen Loopholes continue to close...

[@300rivers4]

With all the changes going on, it's making one become a bit more openminded shall we say. So, if you were set on a place or were considering a few, consider a few more... Quickly before those options close too. Thanks, Michael. Always nice to hear your thoughts.

[@andytube321]

As others have said, I’d also be interested in hearing more on Dubai and whether you think there’s more to come? Recently been thinking of buying something there as part of a longer term plan

[@nikitabelov9906]

Thank you

[@OffshoreCitizen]

Welcome! 🤗

[@4ivar]

Awesome update video. Thanks

[@OffshoreCitizen]

A pleasure! What are your thoughts?

[@4ivar]

@@OffshoreCitizen My thoughts are that money/power is kinda consolidating and so all low-tax countries have to raise taxes to be buddy with everyone. The latest changes in Romania didnt just make it worse for micro companies but they also made a lot of restrictions on cash. Basically a lot of changes restricting the individual. Makes me curious which countries that will follow suit like Romania and which countries in EU that wont budge.

[@JoshuaJackson84]

More content, amazing! Missed it!

[@OffshoreCitizen]

More to come!

[@JohnDoe-uk2iu]

It also happens in Costa Rica, Cambodge... I wonder if its not linked to CRS (Common Reporting Standard) which makes very difficult to hide financial assets it seems. Whats the impact of CRS in your opinion ?

[@Gorilladome4664]

Hey, thanx for the video...great content as usual! Quick question...contemplating this move near term... question involving becoming a tax resident of Thailand vai physically retiring and moving to Thailand. If I moved my Canadian stock portfolio overseas, say Singapore, to an investment bank, say DBS Vickers, access to NA markets, where a wealth manager took over the management of that account from myself. If the mind of the business remained in Singapore (through an individual trading account only), while Im residing in Thailand full time...then according to Thailand tax laws, those capitals gains would remain tax free if not remitted into Thailand...is that correct? So two points, the mind of the business must be in Singapore and the capital gains must remain offshore? thanx very much!!!

[@kaymanadventures1722]

Any offshore income that remains offshore will be untaxed in the Thailand tax rules 2024. Doesn’t need all this management structure in Singapore etc. Thailand is a remittance tax system to offshore income whether your are managing it yourself while in Thailand or not.

[@stevenc.6502]

Would this also be true for a Canadian retiring to the Philippines?

[@Gorilladome4664]

I did not realize that, thank you for that. In comparison, say Greece...they tax you on your world wide income %7...then mind of the business would come into play, re income made within Greece @ progressive rate vs flat %7 world wide, offshore income etc...thanx again. @@kaymanadventures1722

[@Gorilladome4664]

remittance vs regional based? regional would constitute taxing world wide income I believe like my Greece example...@@stevenc.6502

[@Stingerca]

Thank you again Michael. How does gibraltar fit into the mix these days?

[@p.c.h.6721]

Thanks! 👍

[@OffshoreCitizen]

Welcome!

[@H80989]

Do you advise to hold property in the UAE with a UAE holding company ? Would i need to pay 9% for the rental income?

[@Tradefy]

What changed in Italy?

[@guusgeluk3693]

First if you moved to certain areas like sicily you would get a 90% tax cut and in north italy a 30%-40% tax cut. Now it's like a 40% tax cut troughout the whole country

[@guusgeluk3693]

Hi Michael, we just got hit by a nuke called DAC7. This is absolutely going to ruin me as a perpetual traveler. Can you make a video about this?

[@themothers]

What happened in Cyprus ? 😮 Well, Spain looks interesting too

[@7ombische]

Hey, there’s always Australia who just lowered their income taxes. 😂 The only constant is change…

[@avin7922]

Is Saint Kitts still a good investment for 2nd passport to circumvent taxes on crypto after price hike to 250 k USD" ? And any concern abt it being stripped from schengen area ? Thanks in advance :)

[@lorenk.775]

😆😆 If you're willing to pay $250,000 to avoid taxes, you may as well pay the taxes! Most or all Caribbean passports by investment could be rendered useless in the near future in regards to traveling visa-free to E.U. countries and Australia and New Zealand.

[@Animalkribs]

Hello, thanks for your videos. I currently make money on Facebook and I am from Sweden 🇸🇪, I have a tax treaty with the USA, does it mean Facebook already pay my taxes to the IRS or do I have to pay taxes here in Sweden again? Please help me clarify this, thanks 🙏🏾

[@OffshoreCitizen]

Best to reach out. These things are pretty complicated, so not something we could cover in a YT comment

[@mattsingh_]

Any thoughts on Moldova’s “IT parks” as an alternative to Romania? Seems like it could work for someone with a moderate wage bill

[@Cristian-ek7xy]

What's that about? Would you mind to share any links?

[@MANCO513]

U need to make much more detailed ans specific contents about different countries. Right now these are not enough informative my friend. Consider it.

[@thor9n717]

For god's sake do chapters 😂