Thanks, that's the goal! Anything you'd like to see next?

@@OffshoreCitizen Yes! More videos on building wealth and alternative investment besides stocks/bonds, property/land and crypto/NFC please🙂

How did that go for you?

@@OffshoreCitizen Eh, it was ok. There's a new type of audit nowadays (not like when they would come to your home or business and go through everything for days - I've seen that up close back in the late 1970s). So basically, in 2015, I received a big envelope with a letter stating that an audit of my 2013 return had been already been performed and that I should immediately pay a certain amount to make things right. There was absolutely no explanation of what was supposedly incorrect on my return. However, there was a direct number of the agent who had performed the audit, which I called right away. I was told that the person was on vacation for 2 weeks and to leave a detailed message. I said that I wanted to know exactly how they came up with that amount of taxes owed. After some weeks, I was contacted by the agent who said that she reviewed the audit again in the meantime and saw that *she* had made a mistake and yes, some tax was owed, but not even half of the original amount demanded. She also discussed the details of where the mistake was made. I was instructed to tear up the previous audit and bill and then they sent me a new one. Later, I received multiple mailings over the course of probably a year and a half or possibly 2 years inviting me to participate in a survey about my audit experience (because it was a new way to audit). I just ignored them.

Clearly that new way of auditing was working poorly and would have benefited from your feedback.

As you said this varies by country & other nuances. Usually there's a trust structure that achieves this but that's fairly expensive to set up and maintain so you need the scale to justify it

@@OffshoreCitizen yeahh how much to set it up? And for the yearly maintenance? I was seeing some usa trusts that arent that overly expensive, maintenance under 1k a year. For someone who will be living out of the usa and anyways the money will go to usa stocks in usa broker, so we always have the usa jurisdiction as a risk, i think a cheap usa trust could be an option. How do u have certainty this means not having need ti pay tax here in Italy? I wouldnt want to do that and then the government here can claim something… I want everything done all correctly/legally all good. Im still in the planning stage so i can imagine how it would all work, if you can point to specific things to research about, links, videos etc… i would be happy to see. Or just use this for the next video “The ideal and ultimate solution for big money investors living in high tax countries to be able to compound without yearly taxes” and explain the concept, it would really elevate your channel with the investing community a whole lot. Thanks for all you do.

and trusts, family etc.

Try checking this one out kzfaq.info/get/bejne/lct0qdOrss_LXXk.html

We have an older video on it kzfaq.info/get/bejne/Z8qSn6ySy8nMgok.html But we'll work on an update :)

Maybe 1-2 million, as stocks are volatile. They will not give anyone the full amount.

@@rithondhar8171 even if they hold the loan value in cash? Seems odd...I mean they cannot lose no matter how you look at it, not putting up stocks or property...CASH. Hold $5M lend $4.5 or $5M

@@rithondhar8171 otherwise I'll just move to a low/zero tax location. Problem solved.

This question doesn't make any sense because you are confusing the company ownership with personal ownership. You, as a person, can't use company's money as an asset to borrow against, in order to receive loan in personal name.

@@hendrixansel9750 No his question still applies to a business bank account. But yes is sounds ridiculous

Thanks! Were any of the secrets surprising?

Thanks, that's the goal! Anything you'd like to see next?

@@OffshoreCitizen Suggested topic; What are the best banking options for expatriates and global travel?

You're going to probably pay off the loan as a result of a distribution

Thanks! And thanks for the suggestion! How did you like this video?

Stock growth must exceed interest payment, otherwise it isn’t worth it

if the interest is a write off...it doesn't come into play one way or the other.

@@stevemyers2092 correct me if I'm wrong, but let's say you pay $1000 in interest - that will reduce your taxable income by $1000 and you will save ($1000 x your marginal tax rate). So interest was still a net expense. I guess the higher your marginal rate, the more worth it it is

Does that surprise you?

@@OffshoreCitizen Not at all.

Right? Did you find any of it surprising?