How The Pandora Papers Actually Work - How Money Works

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How Money Works

How Money Works

2 жыл бұрын

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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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Пікірлер: 2 700
@HowMoneyWorks
@HowMoneyWorks 10 ай бұрын
Sign up for my newsletter compoundeddaily.com 👈
@george_anak_lihi
@george_anak_lihi 10 ай бұрын
#77777777778890997653321257998754567
@M4551kt
@M4551kt 9 ай бұрын
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
@jeremygood3246 9 ай бұрын
I'm new to crypto trading, how do I get started with the help of a professional
@claresmithy4667
@claresmithy4667 9 ай бұрын
She's on face book
@claresmithy4667
@claresmithy4667 9 ай бұрын
Catherine S. Woods
@1whospeaks
@1whospeaks 6 ай бұрын
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
@brentfarvors192 5 ай бұрын
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
@antonyduhamel1166 Ай бұрын
​@@brentfarvors192 But if you hit a big lotto win, you now know how to shield that money from greedy relatives.
@owlmostdead9492
@owlmostdead9492 2 жыл бұрын
TLDR: equivalent to a financial VPN
@hikingwithmatt
@hikingwithmatt 2 жыл бұрын
TLDW*
@capitaltycoon
@capitaltycoon 2 жыл бұрын
The more you know about VPN’s the funnier this is 💀
@Serby665
@Serby665 2 жыл бұрын
So, rich people keep getting adds for MoneyVPN when they want to watch a video?
@randypyles439
@randypyles439 2 жыл бұрын
That is so perfect WOW
@KenSDCA
@KenSDCA 2 жыл бұрын
@@Serby665 No. The ad goes to their holding company.
@indiaculture5166
@indiaculture5166 8 ай бұрын
Every family has that one person who will break the family's financial struggle , I hope you become the one 😊
@antoniolabrasca9069
@antoniolabrasca9069 8 ай бұрын
Assets that can make you rich Cry-pto Stocks Real estate
@haydencraig7149
@haydencraig7149 8 ай бұрын
​@@antoniolabrasca9069You're right, it's obvious a lot of people remain poor due to ignorance
@jeremygood3246
@jeremygood3246 8 ай бұрын
Starting early is the best way to getting ahead of build wealth, investing remains the priority
@lindapoplin7150
@lindapoplin7150 8 ай бұрын
​@@jeremygood3246True
@christopherhobb7702
@christopherhobb7702 8 ай бұрын
Having a job doesn't mean security rather having different investments is the real deal
@Riggsnic_co
@Riggsnic_co 10 ай бұрын
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
@Oly_laura 10 ай бұрын
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
@martingiavarini 10 ай бұрын
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
@hermanramos7092 10 ай бұрын
@@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
@martingiavarini 10 ай бұрын
@@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
@hermanramos7092 10 ай бұрын
@@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.
@aleksandersuur9475
@aleksandersuur9475 2 жыл бұрын
Technically legal is the best kind of legal.
@ShakeDaUniverse
@ShakeDaUniverse 2 жыл бұрын
Lol. It really is
@spamosky
@spamosky 2 жыл бұрын
💯
@lioninthemountain6350
@lioninthemountain6350 2 жыл бұрын
It's the only kind of legal
@jrr7031
@jrr7031 2 жыл бұрын
Lawful evil
@ambrosia-venusbelladonna835
@ambrosia-venusbelladonna835 2 жыл бұрын
It's what I call "Quasi-Legal"...
@ShaneLikesCake
@ShaneLikesCake 2 жыл бұрын
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
@heigohausenberg4949 2 жыл бұрын
Risky. It might be intrepreted as tax evasion scheme. Like it is :D
@markmuldoon7044
@markmuldoon7044 2 жыл бұрын
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
@FreeOfFantasy 2 жыл бұрын
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
@Beregorn88 2 жыл бұрын
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
@jaystrickland4151 2 жыл бұрын
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
@MichaelVanoverJr 9 ай бұрын
“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
@brentfarvors192 5 ай бұрын
Fortunately (and unfortunately), the process is the same...
@dylanmoris6211
@dylanmoris6211 8 ай бұрын
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
@KelvinWallace 8 ай бұрын
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
@LionTowercoporation 8 ай бұрын
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
@williamsbrown4026 8 ай бұрын
@@LionTowercoporation who is your financial coach, do you mind hooking me up?
@williamsbrown4026
@williamsbrown4026 8 ай бұрын
@@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.
@bigshaqdragon9653
@bigshaqdragon9653 2 жыл бұрын
*me in 5th grade Teacher : What do you want to be when you grow up? Me : Internationally condemned businessman
@Spookspek
@Spookspek 2 жыл бұрын
@@johnfran3218 Bravo. You've figured it all out. Go claim your prize at the nearest Wendy's. Tell them the passphrase is "ligma".
@edersonnico
@edersonnico 2 жыл бұрын
It is the same as a medieval peasant dreaming of being a high noble.
@ShakeDaUniverse
@ShakeDaUniverse 2 жыл бұрын
Lol. Me too
@rickv9180
@rickv9180 2 жыл бұрын
My dream was as simple as becoming like Indiana Jones
@spicyjuice1968
@spicyjuice1968 2 жыл бұрын
sign me up
@FeroxV
@FeroxV 2 жыл бұрын
This is disgusting! ... I wish I could do this myself though
@FranceGaulGallia
@FranceGaulGallia 2 жыл бұрын
Commie until rich!
@drek273
@drek273 2 жыл бұрын
@@FranceGaulGallia lol
@Humster
@Humster 2 жыл бұрын
I'm devastated that my name ain't on the papers.
@coinpost6779
@coinpost6779 2 жыл бұрын
How Money Works is really the best top notch in trading.
@drek273
@drek273 2 жыл бұрын
@@Humster same
@polyvioscharalampous2460
@polyvioscharalampous2460 2 жыл бұрын
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
@BlackQueenNetwork Жыл бұрын
what is such a structure called do u know?
@Nikita-kr7zc
@Nikita-kr7zc Жыл бұрын
What are the tax benefits of Singaporean trust? Or which country's trust is the best?
@BlackQueenNetwork
@BlackQueenNetwork Жыл бұрын
@@Nikita-kr7zc the best country is new zealand, specifically the cook islands.
@pdc0075
@pdc0075 Жыл бұрын
Under this structure that he explains, what type of trust is used to hold the shares of the "holding company"?
@IceglacierArnar
@IceglacierArnar 2 жыл бұрын
Brilliant video...like this channel. You simplify things a lot. Thanks
@freedomastrology
@freedomastrology 2 жыл бұрын
Great video. That jet ski jousting league though, sounds like a legit idea.
@thomasbacon3997
@thomasbacon3997 2 жыл бұрын
My ears perked up hearing that, who’s keen to invest? 😂😂
@ramensenpai2754
@ramensenpai2754 2 жыл бұрын
Sounds great, but the safety standards would be a nightmare.
@JSandoval80
@JSandoval80 2 жыл бұрын
@@ramensenpai2754 not if you have a 'squid game' clause. Though finding insurance underwriters might be another issue.
@4LXK
@4LXK 2 жыл бұрын
I can hear your trustee eye-rolling right now
@icecoldrugby
@icecoldrugby Жыл бұрын
Let's start a discord to get this going.
@carlospulpo4205
@carlospulpo4205 2 жыл бұрын
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
@hierotsu 2 жыл бұрын
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
@ariekeren1393 2 жыл бұрын
Are you talking about Jeff Besoz?
@hierotsu
@hierotsu 2 жыл бұрын
@@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
@dalebetterton5255 2 жыл бұрын
@@hierotsu How to show utter ignorance of what "slavery" means in two short sentences.
@hierotsu
@hierotsu 2 жыл бұрын
@@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
@adalbertotorrero5893 11 ай бұрын
Very accurate video. The wealthier the person, the bigger the scheme / structure.
@AffinityLife
@AffinityLife 2 жыл бұрын
As someone who sets this up for my clients I can confirm this video is legitimate and explains it quite well.
@ALifeOfWine
@ALifeOfWine 2 жыл бұрын
Do you know at what level of turnover or profit it becomes beneficial to set up this kind of structure?
@reciv4
@reciv4 2 жыл бұрын
.
@richardmatthews7489
@richardmatthews7489 2 жыл бұрын
@@ALifeOfWine ?
@ALifeOfWine
@ALifeOfWine 2 жыл бұрын
@@richardmatthews7489 ?
@richardmatthews7489
@richardmatthews7489 2 жыл бұрын
@@ALifeOfWine good question!
@deaftuned4439
@deaftuned4439 Жыл бұрын
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
@SR20DEWhitebird
@SR20DEWhitebird 2 жыл бұрын
Criminally underwatched and undersubscribed channel! Thank you.
@DomskiPlays
@DomskiPlays 2 жыл бұрын
Just wanted to say this was a really great video again! Thank you very much
@escrowsonly
@escrowsonly Жыл бұрын
You have earned a new subscriber! I loved this video!
@MaslinMonty
@MaslinMonty 2 жыл бұрын
26 dislikes. I wonder how many of those are natural persons.
@watchlistsclips3196
@watchlistsclips3196 2 жыл бұрын
Now 63 bruh
@andreaslind6338
@andreaslind6338 2 жыл бұрын
@@watchlistsclips3196 international finance is ramping up the bots 😆
@watchlistsclips3196
@watchlistsclips3196 2 жыл бұрын
@@andreaslind6338 lmao
@cloudburstdrones
@cloudburstdrones 2 жыл бұрын
128 now
@davidanalyst671
@davidanalyst671 Ай бұрын
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
@EveningEcho89
@EveningEcho89 2 жыл бұрын
This was a cool video . I’ve never had it explained to me before. Cheers
@hoangvu9360
@hoangvu9360 2 жыл бұрын
Yeah, so cool.
@americachillout9386
@americachillout9386 2 жыл бұрын
Keep educating yourself, a decade from now videos like these will be scrubbed off and banned.
@davidanalyst671
@davidanalyst671 Ай бұрын
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.
@alphamajestic5566
@alphamajestic5566 Жыл бұрын
Super informative! You’ve earned a subscriber! 🎉
@adrianwamp1890
@adrianwamp1890 Жыл бұрын
this is awesome thank you for sharing such great content
@Jodus_MacGotuss
@Jodus_MacGotuss 9 ай бұрын
This is one of the best informational videos ive ever seen
@rewindx123
@rewindx123 9 ай бұрын
This was a really interesting video! I’m so glad several real actions happened from these papers
@davidanalyst671
@davidanalyst671 Ай бұрын
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.
@DigitalDuelist
@DigitalDuelist Жыл бұрын
Thank you for making this!
@georgeperkins5596
@georgeperkins5596 Жыл бұрын
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!
@a0riginalname780
@a0riginalname780 2 жыл бұрын
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?
@stephen-finance
@stephen-finance 2 жыл бұрын
Great breakdown! Love the level headed approach to giving the facts.
@hfw3
@hfw3 2 жыл бұрын
Excellent summary of the how AND the why.
@vertigq5126
@vertigq5126 2 жыл бұрын
Always a pleasure to watch your informative videos man. Keep up the good stuff and God bless you!
@ccyamato
@ccyamato 2 жыл бұрын
Thank you for just explaining the mechanics behind all this. Now I will go have opinions about it, somewhere else.
@bens4311
@bens4311 2 жыл бұрын
Serious question; would $1m be enough to set up a jet ski jousting league?
@HowMoneyWorks
@HowMoneyWorks 2 жыл бұрын
Just make people bring their own lances and I could see it happening.
@TheChees1996
@TheChees1996 2 жыл бұрын
And have good insurance.
@rufuspub
@rufuspub 2 жыл бұрын
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
@jorgenoname6062 2 жыл бұрын
@@TheChees1996 fuck insurance make people sign liability waivers
@syferpolski4344
@syferpolski4344 2 жыл бұрын
@@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.
@ubda1
@ubda1 2 жыл бұрын
Thank you for making this informative vidéo! Score one for the good guys.
@Sovereign589
@Sovereign589 9 ай бұрын
Thank you for this good video, I learned a lot! Unlucky that you learn nothing from that in a foundational economics degree
@DronkenDrenthen
@DronkenDrenthen 2 жыл бұрын
Great tutorial... I'm setting it up right away
@emmanuelluchmun3981
@emmanuelluchmun3981 2 жыл бұрын
Really clear and well put. Maybe a bit fast for a layperson I imagine, but a great summary nonetheless. Thanks for the video.
@robertfuture
@robertfuture Жыл бұрын
Great video. Question. When you mention a trust, are you talking about a living trust or what type of trust?
@ramzykaram296
@ramzykaram296 Жыл бұрын
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.
@daniele.5163
@daniele.5163 2 жыл бұрын
This is probably one of the most important videos I've ever watched. Thanks!
@ajrobbins368
@ajrobbins368 2 жыл бұрын
If you say so. I highly recommend Patrick Boyle's video on the Pandora Papers. He adds even more detail & nuance.
@daniele.5163
@daniele.5163 2 жыл бұрын
I was referring to the fact that having a video on KZfaq 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.
@woundedhealer8575
@woundedhealer8575 2 жыл бұрын
I’m not gonna lie that jet ski jousting sounds dope af😂 great video man
@user-rj7ti7ny8l
@user-rj7ti7ny8l Жыл бұрын
Thank you. Great video. Verry valuable. This month I already have to start iusing these systems.
@Blsbr02
@Blsbr02 2 жыл бұрын
I love this channel. Thank you.
@malashebad6181
@malashebad6181 Жыл бұрын
"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
@laulaja-7186 Жыл бұрын
Law and ethics are completely independent much of the time aren't they.
@cortanathelawless1848
@cortanathelawless1848 Жыл бұрын
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
@incurableromantic4006 Жыл бұрын
There's a lot of dim-witted people out there who think "law = good".
@sheldoniusRex
@sheldoniusRex Жыл бұрын
I'm not upset at all.
@SGerats
@SGerats 2 жыл бұрын
Wow! Keep up with the excellent work ;)
@daviddavid5880
@daviddavid5880 2 жыл бұрын
Very informative. Thanks.
@thewizzzzard
@thewizzzzard 2 жыл бұрын
Thanks for the super clear video.
@OmarSalviMK
@OmarSalviMK 2 жыл бұрын
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
@luisandrade2254 Жыл бұрын
Graham Stephan is still the most genuine KZfaqr unlike others that don’t even show their face like HMW
@celtekrider2
@celtekrider2 Жыл бұрын
@@luisandrade2254 All of Graham's videos start like this "😱 were all doomed! 🔥💸".....
@luisandrade2254
@luisandrade2254 Жыл бұрын
@@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
@celtekrider2 Жыл бұрын
@@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 KZfaqrs. 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
@MoonieDragonDraws Жыл бұрын
@@luisandrade2254 greedy? It’s greedy to try and salvage your major source of income? That’s not greedy, that’s just smart. All KZfaqrs, 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.
@tuams
@tuams 2 жыл бұрын
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.
@bahadrsarcicek7110
@bahadrsarcicek7110 7 ай бұрын
Amazing video, thank you so much!
@LaddDentalGroup
@LaddDentalGroup 2 жыл бұрын
Thanks for the video!!
@alekspanzone1721
@alekspanzone1721 2 жыл бұрын
I need to write this down, I mean you never know. Thanks for the advice
@emmanuelgonzalezcaseira9141
@emmanuelgonzalezcaseira9141 2 жыл бұрын
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
@victorb5 2 жыл бұрын
he did make a video about that I think
@sn5301679
@sn5301679 2 жыл бұрын
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
@camiloguzman1801 2 жыл бұрын
Good idea, well thoughted 🥳🥳🥳
@zedek_
@zedek_ 2 жыл бұрын
He did, and mentions it at the end of this video: kzfaq.info/get/bejne/oOCHnKpyqKuop3U.html
@1nf3ct3dTT
@1nf3ct3dTT 2 жыл бұрын
@@zedek_ thats about getting rich suddenly personally. op wants to know how a small company grows
@robertharrington2065
@robertharrington2065 11 ай бұрын
Even after a year of this video being made it really informative
@aymenhimeur7875
@aymenhimeur7875 Жыл бұрын
I think you're the only channel in yt who worth to watch
@moreaxe9829
@moreaxe9829 2 жыл бұрын
lesson learned keep suing the bussiness company they have lots of golds and have fast respawn time.
@bolt5564
@bolt5564 2 жыл бұрын
They have fast respond time but not a ton of gold. Most of the gold is held by boss companies.
@rashoietolan3047
@rashoietolan3047 2 жыл бұрын
Beware of uno reverse cards
@demon2441
@demon2441 2 жыл бұрын
Anyone can set these up, but few have the knowledge and resources to so so or the money to make it worthwhile.
@HowMoneyWorks
@HowMoneyWorks 2 жыл бұрын
Exactly, it's a clear display of the two distinct ways that rich people are taxed and regulated for everybody else.
@enriqueschannel3506
@enriqueschannel3506 2 жыл бұрын
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
@demon2441 2 жыл бұрын
@@obcane3072 Yes, but relatively few do or know. Financial education is extremely lacking.
@MarceloLaraM
@MarceloLaraM 2 жыл бұрын
This is my new favorite channel
@maxavail
@maxavail Жыл бұрын
This is truly gold information.
@DarkBloodbane
@DarkBloodbane 2 жыл бұрын
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
@l8Os 2 жыл бұрын
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
@lilscoobynetwork Жыл бұрын
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
@christoph3187 10 ай бұрын
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
@adriatic123 9 ай бұрын
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
@arealponibean1223 7 ай бұрын
​@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.
@M4551kt
@M4551kt 9 ай бұрын
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
@consultant2b 7 ай бұрын
Very interesting, just curious, at what sort of turnover, and profit levels for a given entity, is all this complexity worth it?
@M4551kt
@M4551kt 7 ай бұрын
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
@brentfarvors192 5 ай бұрын
%5 of annual revenue vs %40...? Imagine some countries even allow bribes in lieu of taxes...
@honor9lite1337
@honor9lite1337 5 ай бұрын
Interesting 😮
@M4551kt
@M4551kt 4 ай бұрын
@@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).
@esmokems
@esmokems 2 жыл бұрын
I just subscribed. This is good stuff.
@wizard7314
@wizard7314 Жыл бұрын
Great video, thanks so much.
@liammwaghorn
@liammwaghorn 2 жыл бұрын
This was great, well done
@HowMoneyWorks
@HowMoneyWorks 2 жыл бұрын
Thanks :)
@jorgecrypto5902
@jorgecrypto5902 2 жыл бұрын
☝️ DM for my assistant asking about something profitable in Crypto currency. BTC, ALTCOIN, ETHEREUM, CAD..
@tanjoy0205
@tanjoy0205 2 жыл бұрын
@@HowMoneyWorks why did you use Singapore as the background in the thumbnail
@chadestioco
@chadestioco 2 жыл бұрын
"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
@HowMoneyWorks 2 жыл бұрын
I’m the protector of Gotham City
@mrsbasia122
@mrsbasia122 2 жыл бұрын
@@HowMoneyWorks You missed the opportunity to unironically tell someone "I'm batman." XD
@not_enoughmana
@not_enoughmana 2 жыл бұрын
It's not who you are underneath, but what you do that defines you.
@gadget00
@gadget00 2 жыл бұрын
@@mrsbasia122 copyright you know XD
@McBlokeados
@McBlokeados 2 жыл бұрын
@@gadget00 So sue him. If you dare...
@MrGorgefla
@MrGorgefla Жыл бұрын
Thank you for explaining.
@CsRLG
@CsRLG 11 ай бұрын
great video! got yourself a subscriber
@CJacobson
@CJacobson 2 жыл бұрын
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
@augustcanyon3438 10 ай бұрын
They also stepped down to bring in the next wave of servants to the Neo-CommuniFascist Fourth Industrial Revolution/Agenda2030.
@deepinderjitsingh
@deepinderjitsingh 2 жыл бұрын
This was very valuable financial advice. Thanks for sharing.
@vere9652
@vere9652 2 жыл бұрын
13:13 "If you can't beat them join them" You got me 🤣🤣🤣
@atulsingh7539
@atulsingh7539 2 ай бұрын
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.
@elijahevans1191
@elijahevans1191 2 жыл бұрын
This was a really good take. You should do one on transfer pricing.
@gadget00
@gadget00 2 жыл бұрын
let me vote for this one again, by leaving a comment.
@MrSeuchenratte
@MrSeuchenratte 2 жыл бұрын
You got a like for mentioning Montenegro 👍🇲🇪
@MesmerBaas
@MesmerBaas 2 жыл бұрын
Awesome video, thanks a lot
@dailydrip93
@dailydrip93 Жыл бұрын
Great video like the explanation and it enspires people to look into what a trust is in legal terms is equity safeguards
@illusivec
@illusivec 2 жыл бұрын
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
@KoreaRwkz 2 жыл бұрын
There's limited by liability, and limited by guarantee.
@matthew9677
@matthew9677 2 жыл бұрын
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
@KhanFus1on 2 жыл бұрын
Congratulations, you're one of today's lucky ten thousand!
@martinbarrett7703
@martinbarrett7703 2 жыл бұрын
@@KoreaRwkz und
@hkrumble
@hkrumble 2 жыл бұрын
The concept of limited liability is taught in the very first class of many accounting courses. It’s good to know the basics.
@guptabhishek
@guptabhishek 2 жыл бұрын
Thanks for such an optimistic and unique take on a topic which had been done to death in one singular way
@sureshnishtala2887
@sureshnishtala2887 Жыл бұрын
very informative video....thank you
@matouspalecek8208
@matouspalecek8208 2 жыл бұрын
One of the best videos I've ever watched.
@OwlEmperor
@OwlEmperor 2 жыл бұрын
Do you have a video on the different types of businesses and companies I ( a broke man)can start or where I can look
@mr_momb
@mr_momb 2 жыл бұрын
A good video, as always.
@HowMoneyWorks
@HowMoneyWorks 2 жыл бұрын
Thanks again!
@manuabhat
@manuabhat Жыл бұрын
What a beautiful explanation.
@MKIVGTI1.8
@MKIVGTI1.8 2 жыл бұрын
12:55 THIS. Glad someone is finally saying this because its so true
@ollimekatl
@ollimekatl Жыл бұрын
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.
@battleshiparmorlord
@battleshiparmorlord 2 жыл бұрын
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
@smegleymunroe863 Жыл бұрын
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
@luisandrade2254 Жыл бұрын
@@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
@andras1154 Жыл бұрын
Pro is that they think they might get rich eventually and have to protect themselves from legal consequences.
@luisandrade2254
@luisandrade2254 Жыл бұрын
@@andras1154 why is being rich a crime to you
@andras1154
@andras1154 Жыл бұрын
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.
@davidavery2795
@davidavery2795 9 күн бұрын
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.
@enmanuelaponte677
@enmanuelaponte677 6 ай бұрын
This shot is insane, i need to watch this 100 times to learn how to do the same thing. 😮😮😮😮😮 Thanks
@tjmarx
@tjmarx Жыл бұрын
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
@jan3386 Жыл бұрын
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
@lornforlorn4867 4 ай бұрын
😂
@tonyarcus
@tonyarcus 2 жыл бұрын
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
@ADMIN-ye3yj 2 жыл бұрын
Thanks~~~~< for watching_and don't forget••• to hit the like>watsap ➕ ① = ④ = ⓪ = ⑤ = ④ = ⑥ = ① = ⓪ = ⑦ =② =④..📲...
@ChrisHalden007
@ChrisHalden007 Жыл бұрын
Great video. Thanks
@cloudnationmedia8326
@cloudnationmedia8326 Жыл бұрын
So much value, so much game being given right now.
@jacob_90s
@jacob_90s 2 жыл бұрын
May I suggest either a short on wtf is up with rich kids and trust funds?
@TheOlafSebastian
@TheOlafSebastian 2 жыл бұрын
Good timing 👌
@HowMoneyWorks
@HowMoneyWorks 2 жыл бұрын
Enjoy!
@jorgecrypto5902
@jorgecrypto5902 2 жыл бұрын
☝️ DM for my assistant asking about something profitable in Crypto currency. BTC, ALTCOIN, ETHEREUM, CAD.
@asheaentrease3208
@asheaentrease3208 Жыл бұрын
Really good information
@RamonGarcia-pw3lh
@RamonGarcia-pw3lh 2 жыл бұрын
I like that you put a picture of Marina Bay. Reminds me of the Singapore GP
@Outdawrzman
@Outdawrzman 2 жыл бұрын
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
@seawolf7610 2 жыл бұрын
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.
@aanchaljain5297
@aanchaljain5297 2 жыл бұрын
Well, i wanna know something... you mentioned warren Buffett has his own line of conglomerate shares ? How's that done? And what is it?
@HowMoneyWorks
@HowMoneyWorks 2 жыл бұрын
Warren buffet runs a company (Berkshire Hathaway) which in turn owns and runs hundreds of other smaller companies under it for the benefit of the shareholders of Berkshire.
@tonyarcus
@tonyarcus 2 жыл бұрын
Berkshire A currently trading at $427,000 a share
@krombopulos_michael
@krombopulos_michael 2 жыл бұрын
@@HowMoneyWorks Something I wondered watching this, what is the difference between a company like Berkshire Hathaway that basically just invests in other companies and something like a hedge fund, which kind of does the same?
@Jean-ii8cg
@Jean-ii8cg 2 жыл бұрын
@@krombopulos_michael from what I understand, hedge funds are more involved in trading the assets for profit, meaning they don't focus on "owning" companies to manage them, instead they profit in the stock market
@nategraham4007
@nategraham4007 2 жыл бұрын
@@Jean-ii8cg I + this, its also why people hate hedge funds and dont mind things like Berkshire hathaway
@gonzaloenrique8741
@gonzaloenrique8741 2 жыл бұрын
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. 😏
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