Born in Australia, will never go back . Shut out during covid ! Couldn’t get back to see my Dad before passing . Happy living in Caribbean,tax’s free. Australia really lost the plot over tax’s and over govern !

As an Irish citizen, we are not taxed, if living abroad. But if the Irish Department of Revenue tried to tax me, I would never pay. It is ridiculous to expect someone to pay tax if they don't reside in the said jurisdiction. You pay tax for essential services, if you don't live in a said jurisdiction, how the hell can you benefit? So why the hell should you pay tax?

Thanks for getting this out so fast, Australian moving abroad next month. The country is broken and corrupt to its core

The dreamy perception foreigners have of Australia as this beautiful, perfect, peaceful nation died decades ago. The COVID lockdowns sealed the deal, when citizens were not allowed to leave the country to visit dying relatives. And now this. If you value your freedom, run away from Australia. You've been warned. It's not the paradise it used to be.

I was just about to move to Australia, gaining citizenship through family that are already citizens there. As of this video, that plan is now cancelled. Thanks Nomad Capitalist!

The way Australia treated its citizens during covid should walk away.

I am an Australian. I am 67 years old. My ancestry in Australia goes back to 1870. I have been married to an ethically Chinese woman for 45 years. The Australian government took away our guns, even though the founders of our nation wanted us to be a gun owning nation to protect us from oppressive governments. The event that justified the government taking away our guns is suspicious. Then the Australian government later took away all of our rights, including those guaranteed in our constitution and done so with the support of the High Court. We have judicial censorship, government censorship and acquiescent censorship by the private media to retain their government licenses. The Bureaucracy is growing without limit. The Bureaucracy make rules that are treated as law. The Bureaucracy even brags about their eagerness to abuse their power to achieve their political, bureaucratic and individual objectives. The Bureaucracy is committed to socialism and is regulating small business out of business and letting contracts with big business that place government clerks in controlling positions for safety reasons. The government (i.e. the politicians and the Bureaucracy) do what they want, irrespective of the law. That is rule by government. If you upset the police then your car registration is recorded as needing special attention. That means that the police will stop you for special attention whenever they notice your car on the road. The government is now printing money and so steeling value from the people. The demand for taxation by the government increases incessantly. The government is now taxing our superannuation at a larger rate. My wife and I are selling our properties as time permits to place our savings in shares, likely not in Australia. I would not recommend people to invest in Australia. Australia is going the way of Brazil in that the Bureaucracy is taking socialist control of the economy. Australia is also going the way of South Africa in that the government is now introducing race based privilege to people and imposing race based speech in our work places. Both of our major political parties are competing for compliance with the socialist agenda. Our minor political parties suffer dirty tricks at elections. Our mail-in votes and our pre-pole votes are held by the Bureaucracy; the people who brag about their eagerness to abuse their power to achieve their political objectives. Our Bureaucracy typically take 8 days to count those votes, while the other votes are counted in 1 day. Suspicious. Our education is principally by the government. The private education must comply with the government syllabus. I have taught building part time at a technical college for 3 years. The Training and Assessment Act authorizes the Bureaucracy decide who may teach and what may be taught. Like all socialist governments, what is taught is dumbing down over time. The skills of recent graduates is increasingly less than that of earlier graduates. Regards, Geoff. Reeks

As a US citizen, I wonder WTH I’m doing in a country that takes 70% of my income and wealth through taxation, and then the government uses that money to hire IRS agents to hound me for more. The tens of millions of government employees want more more more, not for “The people” Of the United States but for their own government salaries, perks, lifelong pensions, extra vacation, and early retirement at 50. We toil so the government employee does not have to

Australia has gone nuts, they also just passed laws limiting peaceful protests. This follows the horrible abusive 2-year-long lockdowns during COVID.

I was literally saying “please don’t be Aus or UK, please don’t be Aus or UK” with my fingers crossed.. FFS 😅

I'm a born and raised Australian citizen who has been living overseas for the past five years. I was disgusted by how we foreign-based Australians were treated by the Australian Government during the pandemic period. I don't trust the Australian Government and I fear the government is going to seize our superannuation and give it away to unproductive people.

I am an AUstralian, ex tax accountant and auditor. I now live in Australia part-time. I don't need to work in Ukraine. Australia has a very large burecratic class, and this needs to be fed. The countryis deep in debt because it paid for votes. I would not invest in Australia . The good times are gone

Time to renounce Australian Citizenship.

As a Dutch/Australian, this shit scares me big time. I have been studying in the Netherlands to specialize in IT project management, so I can take that knowledge to Australia and help people. But if this continues, I might not stay here and get a job since I have to pay extra tax. Such a stupid situation.

This doesn’t really surprise me. I was trapped in Australia for 2 1/2 years during covid even though I have 3 passports, just because 1 of those passports is Australian. Been thinking about renouncing my Australian citizenship ever since. I wasn’t even born there.

As an Australian I can honestly say the country and especially Victoria has turned into a money pinching crap hole and the quality of the country is rapidly declining. Very poor medical system compared to what it was, cost of living is ridiculous and crime is really getting out of control. Home invasions are almost daily, stabbings, shootings, it’s no longer the safe beautiful place it was which is Heartbreaking and we have come to the realisation that to live a life of freedom that is affordable and safe is no longer an option here. Many people are selling and leaving and we are planing to do the same. The left wing politics doesn’t help either.

I have a feeling that more Five Eyes countries will follow up on this, namely the UK, Canada and New Zealand.

Australians are inherently laid back people. Gov have jumped on this notion & exploited it.

I live here in Australia and yes, the screws are tightening pretty fast here.

0:42: 🚨 Australia is implementing citizenship-based taxation, similar to the US, which may complicate taxes for citizens living abroad. 3:33: 🚫 Australia cracks down on tax residency for digital nomads. 6:44: 👀 Australia is cracking down on digital nomads and may require them to pay taxes even if they are not physically present in the country. 9:53: 🛂 Nomad Capitalist discusses the importance of obtaining a second passport and the potential impact of Australia's new citizenship laws. Recap by Tammy AI :

in the last 10 years I heard several times some politicians in France declaring that it would be fair to tax French people anywhere in the World based on their nationality... the same way the USA do ! It is just a matter of time they finally decide to do it ! You can count on that. They are desperate for more taxes

I am of the same mind Andrew. I believe in 5/10/20 years all of the G12 countries will operate a citizen based taxation as they try and protect the tax base.

Australia was a country we looked up to when i was young but i lost all respect for that country because of all the abusive and anti western behavior in recent years.

The prison state treating it's citizens as prisoners? NO WAY!

Take a look at how Australia reacted during covid and how the people did nothing and let it happen are we really surprised?

We are tax slaves.

I am Australian and sadly over the last 5 years or so, it has turned into a horrible country. It is like living in a big prison camp. People are monitored and human rights are breached. There is no freedom. They are removing cash, removing cars and implementing digital surveillance on everyone. Immigrants are taking housing and jobs and the Australian lifestyle is gone. So many Australians are now homeless and treated terribly in their own country. High taxes, bad services and corruption everywhere. I was born here and lived here my whole life, but many are looking to leave and applying for other passports to try to get out. Sadly, it is not the great country it once was and the government is terrible. I am sad for the future of Australia.

The Australia I grew up in is now totally different. The State and it's representatives are not "friends" of it's citizens.

Yet huge overseas corporations make untold billions in Australia and pay no tax.The little guy makes a few dollars and the Government is like '' give me half ''.

The ironic thing is they want to eliminate borders for nations, but they want to create borders for the individual.

This is nuts, lots of Australians want to move out and run their businesses overseas as digital nomads due to absurb rental prices.

First they raised all kinds of tax, now they decide to go for the extreme..... No word for millions of Aussies 😢

Wow!!! A 2nd passport is quickly becoming a MUST!

Just lying in bed listening to Andrew lead into his video. And I just knew he was going to say Australia. I hate those bastards in Canberra.

Sooner or later we will have a global citizen registry, where no one can dodge the tax and debt collectors even if you change your name/face/country of residence.

If living in "our" country! The Government saying "OUR COUNTRY" is incorrect! The country does not belong to the GOVERNMENT it belongs to the People, remember that.

I swore so loudly when I realised it was f-n Australia.

I have said this, as an expatriating Brit, Australia is "America Down Under". The West is done

I moved out of the dictatorship Melbourne 8 years ago as I could see the police state in full action

I'm dual citizen of Australia and Turkey. Turkey is looking more free right now that here in Australia.

Australia is horrific for the productive working class. I know, I live here. Any wages you earn, get taxed the other way also: super high house prices, to absorb any remaining wages.

Having a passport from any country, other than from the western world, it's becoming a luxury now.

May the people around the world take back their power from corrupt government.

Lived and worked in the US (legally with a visa) but declined my employers overtures to get a green card (ie becoming permanent resident). Heard too many stories of Americans (or permanent residents) discovering that they need to file with the IRS, years after they severed all ties to the the US.

What do you expect from a place that started as a continent sized prison?

I cant imagine why people are so fed up with the present banking and taxation systems 🤔

Coming to a Canada near you as well. There’s practically a diaspora of folks just like me who are itching to leave.

The totalitarian police state formerly known as Australia. Controlled by the Davos People, counselled by McKinsey and inhabited by a mostly lobotomised population. The beaches are beautiful…but at what price…

Australia is also introducing capital gains tax on UNREALISED capital gains in superannuation accounts over 3 million dollars .

In Australia you get rewarded for being poor and not working, God forbid you want to work hard and build wealth, you will be paying through your nose.

Taxes are most important in countries that waste their resources. Developing complex rules on taxation usually exempt the special classes of people that have the most money in those systems. Nomad has a valid point of existence. It is the taxman that can kill off anyone who is not very well informed. Most of us who are individuals cannot stand up to the force those authorities are given even in the face of the most arbitrary enforcement and injustice. Best to pay the experts to stay informed to defend yourself ahead of the tsunami.

Let me guess, the big corporations have a loophole for this.

You would think that the country nestled between Mexico and Canada, and which invented "illegal immigration sanctuary cities", would be all in favor of "income tax sanctuary countries".

I'm so glad I chose not to emigrate to Australia.

Australia's nonsensical motorcycle helmet camera ban made me realize that the country lacks the freedom to defend yourself from the government. You are not allowed to defend yourself.

I decided NEVER to go to Australia again when they introduced covid internment camps.

Years ago Australia use to be a great country, what happened to them?? Iwas going to move there after service in 1968, i am glad that i didn't. All of the strong people must have left Australia 🇦🇺...

The prison colony lives once more to its founding principles 😂😂😂

Is it just me or does anyone else think it’s strange that a former penal colony would become an authoritarian regime?

1500000 for 2 bed terraced 100 year old miners cottage in MelbourneSydney 10+ km from CBD at 6% absolute insanity

Australia is becoming an unbearable place to live in, everything is in massive decline. Schools and hospitals r rapidly becoming third world level, and the gov has adopted massive immigration causes housing crisis

Foreigners need to avoid going to Australia at all cost.

How to convince a citizen to renounce their citizenship - tax them worldwide whilst abusing the tax money received 😂

Take it from a Australian, we are now a socialist country. Hard workers and investors are so heavily taxed now, it is not worth working or investing anymore. Seriously!

Soft dictatorship is still dictatorship. My friend from Melbourne has been telling me she can't wait to leave.

Ive been watching this issue for the last few months ... its good you have made a video about this ... Australia is desperate to get migrants and have revised their citizenship path with NZers ... however they gave with one hand and took with the other ... I will never bundle myself with that country ... hell no.

Clearly all the G7 countries will follow suit. It’s also getting very hard to avoid paying taxes - ie U.K. has slashed capital gains, dividend, & savings interest tax free allowances in recent years.

Australia treated your own citizen badly because during Covid-19 this country forbid your own people to get back to the country. In my opinion is not something surprising where government can choose the people they want.

Canada is going to be next... Justin just loves spending other people's money.

One factor is many citizens who have dual citizenship work or retire overseas and come back to Australia if they become ill and will need hospitalisation. Many live where health insurance is prohibitive or medical services are bad. I have a number of friends who do this regularly. They intend to live overseas until they need care. Not sure that's a good idea as aged care in Australia is a highly expensive money-making grifters mill.

The horrors they just keep on bringing them. But account for their own endless theft and mismanagment? Never.

The convict colony reaches out with its grubby claws....

You can pay all the taxes while abroad, but you don't get benefits while abroad. No healthcare, pay for schools, no unemployment, no pension, no social security. But pay us anyway.

It looks like I will never enter Australia using my Australian passport again after this change. The only reason I visit there is because of my parents, but that is going to get harder in the future if Australia continues down this road.

From Australia. Australian citizens are taxed on world income and has been the case for contractors such as myself who have worked globally and has been the case since the 1980's under Australian Treasurer Paul Keating at the time, as I recall.. The rules have been tightened towards exemptions paying Australian tax ever since. The latest rumors are that people with dual citizenship with Australia, living for extended periods overseas and not returning to Australia periodically, may lose their Australian citizenship. I suspect that this is a tightening of tax laws as a consequence of multinational companies moving money around globally to avoid paying tax. One of my clients working on an Australian resources project in Australia was paid through a Romanian bank. Unfortunately where people try to evade tax, not minimise tax, condemns all of us to higher taxation and limiting of personal freedoms. Ex Australian Prime Minister Malcolm Turnball declared assets in Cayman Island banks when he was still in politics. Sometimes the risk of being too clever is not worth the risk.

This is the biggest wake-up call for everyone. GET YOUR ASS BACK TO WORK and get a to a place with 0 tax. TAXATION IS THEFT AND A MEANS OF SUBJUGATION!

I dodged a bullet by not becoming an Australian, that hellhole is tanking badly and the rise of the communist govt is showing that desperation is setting in

Australia gone to me as a destination. Couldnt pay me to travel there.

At least the Mafia used to only extort you if you actually lived in their neighborhood.

I think most western indebted countries will go this way.

Australia government treats their citizens like their ancestors.

I am not surprised. The way they treated their citizens during covid.

I already crossed Australia off my list due to high taxation, over regulation, and feminism BEFORE Covid even, let alone from this news.

As an aussie, there is no political solution. Get strong.

It’s not just the USA countries with citizenship based taxation are America 🇺🇸, Myanmar 🇲🇲, Tajikistan 🇹🇯, Eritrea 🇪🇷, and Hungary 🇭🇺

I have american and australia citizenship considering leaving australia behind after seeing this video so sick and tired of seeing this country destroyed in this way.

I live in Australia! If it was not for my wife's long drawn out immigration process here, i would move somewhere and renounce. Perhaps can still move to a country that does not allow dual citizenship and unofficially renounce!

Australia used to be one of my favorite places on the planet, unfortunately they have gone full 1984, and I have to avoid that country at all costs now.

Whilst I can easily believe this change by the left government we have now, but this is basically the same as I faced in the 1980's. I moved to Switzerland with my Swiss spouse. I paid for legal opinion on my taxes, as I was working in Switzerland (a Zurich banker of course) and had income in Australia from rental incomes. I was a "resident " of Australia, but non resident for tax purposes because I had a "permeant place of abode" overseas, with not end date with my residency or employment. Had to pay the non resident rate on Australian income, (bought another property, negatively geared at 18.25% interest so made very little in Australia) but didn't pay Australian tax on Swiss earnings. So too bad if you want to nomad in a van, and earn money online. Not so bad if you don't earn much . Next they will want to claim you have left so as to charge you non resident rates in Australia. But that would be having it both ways I hear you say. Oh year the tax man wouldn't do that! sic.

It’s going to be hilarious when every entrepreneur (and our kids) are Caribbean citizens. Going to be quite the Schism.

Australia was once the best country in the world now its an expensive police state.

Interesting. AUS, CAD and UK are cracking down on taxes, obvious they are attempting to put a moat around their currencies then. Renewing my 2nd passport in 2 weeks.

The world has governments, and those governments all work together.

This video left me ultra confused. Can you make a video that explains what's changed, and what that means practically for an Australian moving around?

Being a U.S. citizen who is hoping to eventually move to Europe, we already plan to renounce our U.S. citizenship immediately upon moving because we are not ok with paying income tax to two countries and one that we neither live in nor earned the money in. Nope. No no no.

Australians are one of the most indebted nations on the planet. They hold more debt per capita than the US!

Brazil is now passing a rule that if you're brazilian and you own a company in a tax haven, the income tax is due when the when there's a profit on the balance sheet of the company, instead of when the profit is sent to you. I have no idea how Private Equity would comply with that at all.

A lot of Australian people living overseas are retirees who no longer pay tax. This applies only to those Australians earning income abroad.

I think a bigger issue is around the corner, in that i can see a future whereby CBDC's are linked to rax status. If the purpose of the CBDC is ensure compliant citizens, is your government (through your bank or credit card) really going to allow you spend your money freely in another country? Unless CBDC's become multinational (which they might do, in a few cases, such as berween EU counties), i can see foreign travel (let alone, living overseas) a thing of the past.

Storm Warnings Indeed -- Thanks for the heads up. Clear, concise, and well done.