My country (Serbia) is not part of that OECD agreement for exchange of information, but nevertheless it signed a tax agreement with many countries and a lot of those agreements have a clauses about automatic information exchange between 2 countries. So tax agreements are another way the countries agree to exchange tax information.

Our plan is to start from scratch. Overall personal and business structuring, CBI, Renounce and do it cleanly so it is not a worry going forward. The foundation is everything and getting out of the US is imperative.

If you have multiple passport I think the best practice would be to open a bank account with the passport of country with lowest taxes. How will bank ever know you are a citizen of any other country?

Nice topic, sir. You said/ implied that there are countries like Vanuatu that are too locally messed up to comply with these information exchanges, also some countries that drag their feet in replying to these info exchanges. Can you do a future video or do you have a video on such countries, especially european, that are part of these info exchange treaties but not so accommodating or reliable to these info requests? Tnx.

Great information. An issue of great interest and to be developed. I read somewhere that the most "secret" place now to hold an account would be the USA or Puerto Rico.

Interested in understanding Thresholds. Example, a Swift transfer of more than 10K CAD is automatically flagged for reporting or investigation, but what about CRS in general ?

Regarding the example with Australia, Second residence in Panama and banking in Bulgaria. How can the home country be aware of the second residence in Panama? And second how would they know the bank account in Bulgaria?

So that's why people say : work remotely from Nicaragua and get paid on your foreign bank account → get no tax to pay in Nicaragua. That's because Nicaragua is not a CRS country and thus receives 0 information from other countries. So it's super easy to do tax avoidance.

Very interesting topic.

informative video thanks Michael. Are you aware of a tax information exchange agreement between Japan and Canada (e.g. CRS or other)? Does the double tax treaty require any automatic info sharing?

Is exchange automatic and every name is shared every time an account is opened ? I highly doubt it for CRS

What authority does OECD have to overrule the UN Proclamation of HumanRights … that’s my question ?

Excellent video!

Interesting video. I have a video suggestion. What are your opinions on the weird CBI programs like Vanuatu or Cambodia

I am a Canadian living in South Korea. My bank is requesting of me to sign some form which would turn over some personal info to CRS. Should I sign this form or not? They are threatening to report us if we don't comply with their request.

We need a data base of places & firms to avoid ... if possible I would think

For the Fatca, is the $10K limit (for even one day of a year) applied to each person in a marriage, or does it apply to the couple?

I want to know how can i work with Binance, like, if i dont exchange my crypto to fiat there, my country (Spain) cannot find how much money i have? when i use my Binance card, it exchanges to euro and then it pay iirc, do they count how much money i spend in this card in my country?

Are there already cases when the Governments send letters regarding foreign accounts? And what is the threshold? Millions in accounts or thousands?

I'm an aussie resident, my broker is based in Belarus, they're not signed up to the CRS. I don't believe it best practice to not report to the ATO, but I don't know if i have legally in that respect?

But this tax information is only for persons, not companies ...

Is moving the money to an anonymous LLC in the US or Nevis a good idea to avoid CRS or none CRS report? And which is the best?

Awesome! Can you do a video on how the US can be a tax heaven?

Come ooooon guys... we know that they know and they know that we know that they know and we know that they know that we know... that's how we play the game 😉

"countries like the US and Canada" 🥲

How can a 7 figure US citizen legally reduce their taxes to 0-10%?

Is the USA part of CRS ? Will they share information to the UK?

The Pandora papers, where not a single American is implicated ...

Sending you a message via offshore citizen contact form.

takes bread out of the mouths of the poor....thanks for not paying fair taxes in your own country-shame on you

your videos would be better if you rambled less and articulated more concisely. your videos would be GREAT if you could add visuals, not just verbal rambling