How The Pandora Papers Actually Work

How The Pandora Papers Actually Work - How Money Works

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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 11 ай бұрын

@george_anak_lihi 11 ай бұрын

#77777777778890997653321257998754567

@M4551kt 11 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 10 ай бұрын

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

@claresmithy4667 10 ай бұрын

She's on face book

@claresmithy4667 10 ай бұрын

Catherine S. Woods

@1whospeaks 8 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 6 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 2 ай бұрын

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

@indiaculture5166 9 ай бұрын

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

@antoniolabrasca9069 9 ай бұрын

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

@haydencraig7149 9 ай бұрын

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

@jeremygood3246 9 ай бұрын

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

@lindapoplin7150 9 ай бұрын

@@jeremygood3246True

@christopherhobb7702 9 ай бұрын

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

@dylanmoris6211 9 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 9 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 9 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 9 ай бұрын

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

@williamsbrown4026 9 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.

@Galactipod 13 күн бұрын

Everything everywhere depends on the government.

@Riggsnic_co 11 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 11 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 11 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 11 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 11 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 11 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.

@owlmostdead9492 2 жыл бұрын

TLDR: equivalent to a financial VPN

@hikingwithmatt 2 жыл бұрын

TLDW*

@capitaltycoon 2 жыл бұрын

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

@Serby665 2 жыл бұрын

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

@ImtokyotheDog 2 жыл бұрын

That is so perfect WOW

@KenSDCA 2 жыл бұрын

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

@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 2 жыл бұрын

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

@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 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 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 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.

@VannyKnew 10 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 6 ай бұрын

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

@IceglacierArnar 2 жыл бұрын

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

@aleksandersuur9475 2 жыл бұрын

Technically legal is the best kind of legal.

@ShakeDaUniverse 2 жыл бұрын

Lol. It really is

@spamosky 2 жыл бұрын

💯

@lioninthemountain6350 2 жыл бұрын

It's the only kind of legal

@jrr7031 2 жыл бұрын

Lawful evil

@ambrosia-venusbelladonna835 2 жыл бұрын

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

@bigshaqdragon9653 2 жыл бұрын

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

@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 2 жыл бұрын

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

@ShakeDaUniverse 2 жыл бұрын

Lol. Me too

@rickv9180 2 жыл бұрын

My dream was as simple as becoming like Indiana Jones

@spicyjuice1968 2 жыл бұрын

sign me up

@adalbertotorrero5893 Жыл бұрын

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

@Jodus_MacGotuss 10 ай бұрын

This is one of the best informational videos ive ever seen

@MaslinMonty 2 жыл бұрын

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

@watchlistsclips3196 2 жыл бұрын

Now 63 bruh

@andreaslind6338 2 жыл бұрын

@@watchlistsclips3196 international finance is ramping up the bots 😆

@watchlistsclips3196 2 жыл бұрын

@@andreaslind6338 lmao

@cloudburstdrones 2 жыл бұрын

128 now

@davidanalyst671 2 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

@freedomastrology 2 жыл бұрын

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

@thomasbacon3997 2 жыл бұрын

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

@ramensenpai2754 2 жыл бұрын

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

@JSandoval80 2 жыл бұрын

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

@4LXK 2 жыл бұрын

I can hear your trustee eye-rolling right now

@icecoldrugby Жыл бұрын

Let's start a discord to get this going.

@DomskiPlays 2 жыл бұрын

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

@DigitalDuelist Жыл бұрын

Thank you for making this!

@FeroxV 2 жыл бұрын

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

@FranceGaulGallia 2 жыл бұрын

Commie until rich!

@drek273 2 жыл бұрын

@@FranceGaulGallia lol

@Humster 2 жыл бұрын

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

@coinpost6779 2 жыл бұрын

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

@drek273 2 жыл бұрын

@@Humster same

@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 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 2 жыл бұрын

Are you talking about Jeff Besoz?

@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 2 жыл бұрын

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

@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.

@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 2 жыл бұрын

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

@reciv4 2 жыл бұрын

@richardmatthews7489 2 жыл бұрын

@@ALifeOfWine ?

@ALifeOfWine 2 жыл бұрын

@@richardmatthews7489 ?

@richardmatthews7489 2 жыл бұрын

@@ALifeOfWine good question!

@btheexecutioner Жыл бұрын

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

@SR20DEWhitebird 2 жыл бұрын

Criminally underwatched and undersubscribed channel! Thank you.

@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 2 жыл бұрын

I’m the protector of Gotham City

@mrsbasia122 2 жыл бұрын

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

@not_enoughmana 2 жыл бұрын

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

@gadget00 2 жыл бұрын

@@mrsbasia122 copyright you know XD

@McBlokeados 2 жыл бұрын

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

@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 Жыл бұрын

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

@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 Жыл бұрын

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

@sheldoniusRex Жыл бұрын

I'm not upset at all.

@alphamajestic5566 Жыл бұрын

Super informative! You’ve earned a subscriber! 🎉

@bens4311 2 жыл бұрын

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

@HowMoneyWorks 2 жыл бұрын

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

@TheChees1996 2 жыл бұрын

And have good insurance.

@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 2 жыл бұрын

@@TheChees1996 fuck insurance make people sign liability waivers

@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.

@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

@hfw3 2 жыл бұрын

Excellent summary of the how AND the why.

@bahadrsarcicek7110 8 ай бұрын

Amazing video, thank you so much!

@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 Жыл бұрын

what is such a structure called do u know?

@Nikita-kr7zc Жыл бұрын

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

@BlackQueenNetwork Жыл бұрын

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

@pdc0075 Жыл бұрын

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

@EveningEcho89 2 жыл бұрын

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

@hoangvu9360 2 жыл бұрын

Yeah, so cool.

@americachillout9386 2 жыл бұрын

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

@davidanalyst671 2 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.

@rewindx123 10 ай бұрын

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

@davidanalyst671 2 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.

@adrianwamp1890 Жыл бұрын

this is awesome thank you for sharing such great content

@daniele.5163 2 жыл бұрын

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

@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 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.

@DronkenDrenthen 2 жыл бұрын

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

@LaddDentalGroup 2 жыл бұрын

Thanks for the video!!

@daviddavid5880 2 жыл бұрын

Very informative. Thanks.

@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 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 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 2 жыл бұрын

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

@MarceloLaraM 2 жыл бұрын

This is my new favorite channel

@aymenhimeur7875 Жыл бұрын

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

@woundedhealer8575 2 жыл бұрын

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

@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 Жыл бұрын

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

@celtekrider2 Жыл бұрын

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

@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 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.

@LilMoonieDragon 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.

@Blsbr02 2 жыл бұрын

I love this channel. Thank you.

@thewizzzzard 2 жыл бұрын

Thanks for the super clear video.

@SGerats 2 жыл бұрын

Wow! Keep up with the excellent work ;)

@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?

@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!

@ubda1 2 жыл бұрын

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

@stephen-finance 2 жыл бұрын

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

@moreaxe9829 2 жыл бұрын

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

@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 2 жыл бұрын

Beware of uno reverse cards

@wizard7314 Жыл бұрын

Great video, thanks so much.

@maxavail 2 жыл бұрын

This is truly gold information.

@ccyamato 2 жыл бұрын

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

@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 2 жыл бұрын

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

@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 2 жыл бұрын

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

@martinbarrett7703 2 жыл бұрын

@@KoreaRwkz und

@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.

@CsRLG Жыл бұрын

great video! got yourself a subscriber

@MrGorgefla Жыл бұрын

Thank you for explaining.

@vertigq5126 2 жыл бұрын

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

@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.

@esmokems 2 жыл бұрын

I just subscribed. This is good stuff.

@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.

@TotalTirpitz 2 жыл бұрын

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

@alekspanzone1721 2 жыл бұрын

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

@ChrisHalden007 Жыл бұрын

Great video. Thanks

@robertharrington2065 Жыл бұрын

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

@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 11 ай бұрын

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

@killermogle Жыл бұрын

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.

@atulsingh7539 4 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.

@sureshnishtala2887 Жыл бұрын

very informative video....thank you

@M4551kt 11 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 8 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 8 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 6 ай бұрын

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

@honor9lite1337 6 ай бұрын

Interesting 😮

@M4551kt 6 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).

@jacob_90s 2 жыл бұрын

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

@matouspalecek8208 2 жыл бұрын

One of the best videos I've ever watched.

@manuabhat Жыл бұрын

What a beautiful explanation.

@jasonmajere2165 2 жыл бұрын

Forgot the Charitable Foundation in the equation.

@gadget00 2 жыл бұрын

this one is the one I dont quite understand how it adds up to the scheme; you can't just make a foundation to benefit yourself. What would be the point of it?

@jatomisstevenson141 2 жыл бұрын

@@gadget00 tax reduction in the areas you cannot avoid taxes

@jasonmajere2165 2 жыл бұрын

Instead of paying taxes, you pay into a charitable foundation. No need to pay so many taxes. Now you just happen to be the head of this foundation. You were planning on paying some relatives anyways, now they have bs jobs at this foundation and get a wage(operation expensive). You only have to pay out 5% a year in actual charitable things, just give some snot nosed brats a scholarship or two and your good. Want your foundation to make money, start running fund raising. Want to run for political office and want to take bribes legally….they donate to the foundation. All legal. Jake has a video on it.

@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.

@user-rj7ti7ny8l Жыл бұрын

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

@robertfuture Жыл бұрын

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

@nunyabidness6820 2 жыл бұрын

joining them is way better than beating them.

@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 2 жыл бұрын

he did make a video about that I think

@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 2 жыл бұрын

Good idea, well thoughted 🥳🥳🥳

@zedek_ 2 жыл бұрын

He did, and mentions it at the end of this video: kzfaq.info/get/bejne/oOCHnKpyqKuop3U.html

@1nf3ct3dTT 2 жыл бұрын

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

@vere9652 2 жыл бұрын

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

@Sovereign589 10 ай бұрын

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

@mr_momb 2 жыл бұрын

A good video, as always.

@HowMoneyWorks 2 жыл бұрын

Thanks again!

@liammwaghorn 2 жыл бұрын

This was great, well done

@HowMoneyWorks 2 жыл бұрын

Thanks :)

@jorgecrypto5902 2 жыл бұрын

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

@tanjoy0205 2 жыл бұрын

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

@michaelmcwhirter 5 ай бұрын

Man this video rocks!!

@asheaentrease3208 Жыл бұрын

Really good information

@MrSeuchenratte 2 жыл бұрын

You got a like for mentioning Montenegro 👍🇲🇪

@drek273 2 жыл бұрын

wow im about to copy all these steps when i form a company

@sendit7777 15 күн бұрын

There is a reason they hold "off shore" and "shell" bank accounts. Get in a boat and sail some islands. When you see this really nice bank in the middle of nowhere, now you know. But, you can't spend a dime of it in the country of origin because it is required to pay taxes in that country its being spent. How do they spend it without paying that tax after being moved????? Many different ways. 1. Gift it to someone and have them give most back. 2. Donate it to your own non-profit. 3. Have company-trust-holding- etc give money to govt officials for programs. Then, they claim it under that program already designed to look like it's tax payer dollars, "its already accounted for on paper, then give it back through expenses or special programs". 4. Set up another company or trust that pays a company for work to be completed. Then claim it under a multitude of different "tax exempt" programs. Then declare bankruptcy on both companies and get paid from the Insurance you took out on both of those companies and the project because of loss. And so on and so on. The ways keep growing and growing.

@chazdean201 4 ай бұрын

As a professional jetski jouster I’m offended 😂. Great content bradda.

@GeorgiaMoore. 9 ай бұрын

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 9 ай бұрын

@Hermanjackson89 9 ай бұрын

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

@Luissierra12373 9 ай бұрын

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 9 ай бұрын

who would you recommend?

@Luissierra12373 9 ай бұрын

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.

@Theprofessor1212 2 жыл бұрын

This was very valuable financial advice. Thanks for sharing.

@aritranaruto 2 жыл бұрын

Very lucid explanation. Thanks so much.

@aritranaruto 2 жыл бұрын

I understand you have a telegram channel, but I'm not sure how I could join it. Could you send me a link?

@enmanuelaponte677 7 ай бұрын

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

@tanjoy0205 2 жыл бұрын

I love how Singapore is the background .

@resared8538 2 жыл бұрын

Why is Singapore in the background though

@tanjoy0205 2 жыл бұрын

Probably because of our Low cooperate taxes

@Narwaro 2 жыл бұрын

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 2 жыл бұрын

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. :)

@lawrencer25 Жыл бұрын

Fabulous video

@cloudnationmedia8326 Жыл бұрын

So much value, so much game being given right now.

@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 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 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 11 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 10 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 9 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.

@TheOlafSebastian 2 жыл бұрын

Good timing 👌

@HowMoneyWorks 2 жыл бұрын

Enjoy!

@jorgecrypto5902 2 жыл бұрын

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

@davidavery2795 Ай 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.