Foreign Tax Relief? Tax Treaties & Where Should You Be Paying Taxes?

No video

Foreign Tax Relief? Tax Treaties & Where Should You Be Paying Taxes?

Рет қаралды 4,785

Offshore Citizen

Күн бұрын

Пікірлер: 41

@DivineMagickOccult 7 ай бұрын

And it’s only getting increasingly frustrating with the US states, many of them are not honoring it, foreign tax treaties, making it impossible for anybody to leave, unless you’re rich.

@YellowWhiteEye Жыл бұрын

The only interesting question is: Which DTAs deviate from the OECD standard model and give you some room to maneuver?

@hendrixansel9750 Жыл бұрын

The only way to optimize your taxes 100% legal is to move to other country. The other ways are either illegal or grey zone at best.

@OffshoreCitizen Жыл бұрын

Not accurate. There is tons of legal tax planning for the right circumstances remaining in your country. There are lots of rules to be aware of and navigate but it's not illegal or Grey. As far as deviating from the tax treaties. Most of the time tax treaties aren't the factor in legal international tax optimization it's about the substance.

@annagoldman1163 Жыл бұрын

Hard to tell if this is the right platform for this. But ill try anyways as this is still considered business. Given the present conditions, is it better to invest into Real Estates or into Stocks? Which would yield better output.

@hendrixansel9750 Жыл бұрын

Real estate is for upper/elite class. Stocks is for low/working class. Based on this you can make your own decision.

@OffshoreCitizen Жыл бұрын

This is nonsense quite the opposite of you look at the net worth allocations high real estate % is more a sign of lower wealth vs higher wealth. This being said there's nothing inherent about real estate or stocks that has anything to do with wealth levels. My answer would be real estate markets tend to trail stock markets by 12 to 24 months. Stocks dropped massively real estate hasn't been nearly so hit right now. So in most markets I'd be more inclined to expect the timing is better for stocks than real estate but you have to look on a very asset specific basis

@himanshuprajapati7534 Жыл бұрын

Hey ,Himanshu here 🙌🏻 I am a video editor and i have been editing videos for youtubers and influencers.. I have started few months back and have experience of more than 1year..i just saw your reels few weeks ago and i want to be part of your media team as an video editor. I will contribute my 100% towards your content and give you the best output.

@Adamatere Жыл бұрын

can you speak on the topic of nomads setting themself up with no tax residencies. some countries will let you drop tax residence if you dont spend time there (such as the uk), and then you can spend your year moving from place to place on toursit visas in countries that don't care to tax you. im not sure what the downside of this is, and why this person might voluntarily pay tax just to get a tax residence (aside from the legality of working from tourist visas)

@OffshoreCitizen Жыл бұрын

We’ve talked about this topic before. Just search “digital nomads” on our channel and some videos should come up

@ZR_ZingoRingo Жыл бұрын

yes I need that...

@pures1n Жыл бұрын

can you even legally work in countries with a "tourist visa"? i thought digital nomads, have to apply for a digital nomad visa then they can work legally o:

@hendrixansel9750 Жыл бұрын

Just become tax resident in a country that don't have taxes lol

@matthewnirenberg Жыл бұрын

@@pures1n You legally can't unless you have a visa that permits work, are a citizen of the country in question, or, in the case of the Schengen Zone you must be a citizen of a country within the Schengen Zone. I've literally watched people get arrested for doing so in France, Czechia, Italy, Austria, Poland, Singapore and Hong Kong. Tourist visa's or visa-free are for tourism only. Not work or attending a conference. The "digital nomads" who don't care about following the laws and work regardless absolutely annoy me as they are the cause of the anti-digital nomad movement that governments are starting (within the governments) which is why BS like ETIAS gets introduced along with more ID checks whilst you're trying to enjoy breakfast in a small rural town visiting family. A lot of "digital nomads" go to small rural towns as they think they'll get away with illegally working - all it does is ruin the atmosphere and annoy the locals as the border guards and police start harassing everyone.

@FighterFred Жыл бұрын

I'm sure you've covered this already. The situation with a free zone Dubai company with zero tax and residence in a developed, Western country. The company is an internet freelance one in forex. How can that be optimized? In particular, how to set it up so that the income is capital gain which has lower tax than employment tax.

@hendrixansel9750 Жыл бұрын

The only way to optimize your taxes 100% legal is to move to other country. The other ways are either illegal or grey zone at best.

@OffshoreCitizen Жыл бұрын

This isn't accurate there's 100% legal ways to optimize your tax in most places. This doesn't mean you'll pay zero or that the costs won't erode the ROI but it's completely false that you need to move to optimize your tax. As far as the case above for anything specific please send us a message through www.offshorecitizen.net or book a call

@JakeLYT Жыл бұрын

@@OffshoreCitizen you should do a tax optimization video on the Philippines since a lot of people leave the country to get out of paying PIT on their FSI.

@stefanloncar6025 Жыл бұрын

I opened a company in the US as a foreigner (LLC), currently, I am living and working in Austria and I am only a resident of this State and not a citizen. How should I pay taxes, because there is an agreement between these 2 countries to Avoid double taxation? Should I also go to a lawyer here in Austria, or DTA work for every country the same?

@OffshoreCitizen Жыл бұрын

You're likely fully taxable in Austria if that's the case, double tax treaties don't protect you from your local country taxing you if they have the primary taxing right

@SSZ_Khazan Жыл бұрын

Dubai free zone situation? And what’s the best offshore banks right now ancestors and whats your opinion on buying gold bars rn

@OffshoreCitizen Жыл бұрын

You can check out this video and let us know how you liked it kzfaq.info/get/bejne/qJ9-iLF2p5_JlqM.html

@Johndoe-qn9jr Жыл бұрын

Another question that comes to my mind is if i make a girl pregnent will that country try to claim that i have now intrests to stay in that country i Know its something like this whíth sweden you become atached to to sweden because you have a child to support dont know if it is relevant even if you have non custody and never see the child ?

@kellyanderson3826 Жыл бұрын

How can I use up a large amount of carryovers?

@OffshoreCitizen Жыл бұрын

Depends on your country, business, etc

@harrisoncarter3298 Жыл бұрын

What if you are uk dom and live in the uk but also have tax residency in say Prague. Do you pay tax on only your uk income and then the rest is able to sit in Prague or does the uk class that as global income and tax all of it?

@OffshoreCitizen Жыл бұрын

Usually the tie breakers under the tax treaty will apply otherwise yes you'll get hit with both

@memecoinmafia2732 Жыл бұрын

what about just saying no to the tax man ?

@guusgeluk3693 Жыл бұрын

believe it or not, straight to jail

@OffshoreCitizen Жыл бұрын

Unfortunately it’s not an option #prison

@memecoinmafia2732 Жыл бұрын

@@OffshoreCitizen they can't put everyone in jail .... also extorsion is a crime

@matthewnirenberg Жыл бұрын

@@memecoinmafia2732 Depends on the country. Australia and New Zealand are happy to jail everyone. Australia is building 14 new prisons (7 for kids, 7 for adults) in the state of Victoria. New Zealand has been building a few new prisons in recent years.