Рет қаралды 7,890
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: calendly.com/m...
You can visit our websites for more information about us: offshorecitize... & www.offshoreca...
Countries with the worst taxes
Here on this channel we often talk about taxes, and the best places in the world to go if you want to save on tax. But what about the worst countries for taxes?
Today we are covering those!
We are not necessarily talking about the countries with the highest tax rates, but countries that have highly aggressive tax departments which will go over and beyond to collect your tax money.
Most of the countries on our today’s list have both high taxes, and extremely aggressive tax policies.
So in order to make it to our list country needs to have:
-high taxes
-tough tax rules
-diligent tax departments that get the job done
-hyper-aggressive and not the friendly tax man
Here is our list of the worst tax countries:
1. Australia - we said this many times and we’ll repeat it, the Australian tax department is just horrible! If you’re in Australia you need to make sure you’re doing everything 100% by the book, and the book is not quite easy on to follow. ATO is extremely aggressive and effective. They’re also quite difficult to deal with
2. Germany - no friendly tax departments at all, very efficient tax collectors, and a very high tax environment.
3. France - is an absolutely horrific country when it comes to tax! Rules are difficult and taxes are high. Taxes are even higher than they look on paper, so you’ll end up paying a big chunk of your income to the government.
4. Denmark - are you even surprised? Danish taxes are competing to be the highest taxes in the world. Rules are extremely difficult to work around, and if you live in Denmark it is very difficult to do tax planning.
5. This one is a tie between Sweden and Netherlands. The Dutch taxes are quite high and they’re good at collecting taxes, but they still offer some favorable rules for you to work with.
There are some countries that many believe should be on this list, but I didn’t include them. These would be Spain, Italy, Finland, and of course the US. However, in my experience working in the field of international tax for so long, these countries don’t come close to the ones listed above.
Australian ATO is way worse to deal with than the IRS, even though the IRS has quite a bad reputation and a longer reach.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
/ @offshorecitizen