How to Legally Pay Zero Taxes Anywhere
Video Overview & Insights
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Andrew, I need help. Iâm in Canada, finishing up a divorce hopefully soon. I need to leave both for tax purposes and also for our safety. Can I write you to figure out a plan?
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In this video, we answer a question about how you can legally avoid taxes around the world. Mr. Henderson explains how to escape citizenship-based taxation, if necessary, and how to structure your life so that you establish tax residence, yet pay zero taxes.
Decent people pay taxes.
00:00 Legally Avoiding Taxes
00:52 Renouncing US Citizenship and Eliminating Taxes
any tax is against human freedom and should be banned.
03:20 Saint Lucia Citizenship
04:10 Residence-Level Taxation
This channel is going to get me in prison for running from taxes đ
06:33 How You Can Fall into a Country's Tax Net
07:49 Tax-Friendly Countries
Stuck on you đđđ đ
10:34 Tax Residence and Banking Options
14:49 How to Structure Your Tax Residence and Plan
why is his nose so shiny
Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
Why do people aim for not contributing to healthcare, roads and police contributions through tax?
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
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If all you're doing is skipping from country to country (assuming you're not from US) to not trigger tax responsibilities, Would you actually need citizenship in various places? or just one?
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I was looking at investing through the stockmarket in the US its 37% off the top. In the Phillipines its 20% for a non citizen and 10% for citizens. Ya 10% to put the money in your wifes name and no US tax at all.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
If you live on a boat and sail around, do you pay taxes?
More User Perspectives
Taxes are extortion. If you don't kill your government, you will never be free. Capitalism is just a form of slavery. Even the rich are enslaved, they are just wearing the pink glasses.
@killeveryone69Canada also taxes globally. You need to declare everything because of CRS global reporting.
@talksonaboxWhy not just pay your share of the taxes???
@tubedon1000Ahhh this is for rich people, i get it
@efish5789Hi there, it's been a few years since l was here. One question l have is How are you dealing with that hyper inflation in turkey condo nomad? Might be good video for your subs, cheers in advance.
@joelcowley3695Oh yeah, right, so you say here, buy a St. Lucia citizenship and renounce your U.S. citizenship. But ... then you're an illegal alien in the U.S. and risk deportation, if you still want to live there for certain periods of time. Like when you're old and wanna come home or end up in a nursing home there.
@bioold8925If you pay zero tax you donât deserve using any services anywhere.
@Zlc0204I don't care about legalities you sir are a total moral bankrupt.
@johnmcpherson9744Basically you promote to not contribute but profit from others paying taxes. It's called taking advantage.
@enjoylife_carpediemIm guessing if you receive some sort of pension, then you cant go this route?
@romegqThank you for all your episodes. Great job. Could you please touch base with the health insurance and health care systems of the tax friendly countries? Thank you!
@balancerule9413So many vids-this is my fav. Itâs speaking to me!!
@WendyH10I have 3 citizenships, one (South African) is not worth the paper its printed on. I currently work in Switzerland and pay very little tax. I have begun investing my money in cheap european properties for my retirement.
@danielmargot7886But if you are enjoying the benefits and infrastructure of those places, isn't it your civil duty to pay into the tax system? The wealthier you are, the less of a burden taxes are for you. You just let the poorer taxpayers of the Caribbean subsidize your leisure?
@marz9676Easiest way is buy a boat and keep sailing around the world.
@kiwiingridAt the end you pay more in flight than normally in tax xD
@sketchychillandchillWhy are so many giving the advice : get out of USA before the year 2030?
@idastersmoen2342This program is appreciated. It has really opened my mind up to an alternate perception. I don't have that level of financial resources yet, but as soon as I do, I am definitely contacting your organization.
@1QUIETWARRIORI donât care about paying legit taxes. But I plan to retire in Italy with a dual passport by descent. (Germany). I just donât want to pay Italian taxes on accounts I have already paid taxes on. The principals on my Roth IRA and Brokerage account. I have tried to find a financial advisor to figure out now to navigate and move things around if needed so I am not taxed on the same income. I have yet to find someone who is an expert on both, even though I know they must exist. Iâm not a high net worth person they can work with Deloitte or something like that. Ugh
@RobinSentellTrump said he wants to remove taxes from US citizens abroad.
@jsbrads1any thoughts on common law ? trusts, foundations etc. ?
i am debating which way to play my move, from first world areas .
watch the downfall from afar while my "nodes" in decentralized blockchains give me that first world income .....anywhere
I have a good investment for you, I'm from Dublin.
@lostsockstoriesIt's interesting you don't teach people in the US how to change their status and go private. Or perhaps you don't know about it (more likely I guess?). Completely outside of their jurisidiction for tax after going private.
@Glow0110President Trump says he will end dual taxation he may just do it considering the number of dogs he has in the fight.
@DavidPaulNewtonScottQuestion for you; if you "enjoy" living for 4 months in Asia, 4 months in Europe and 4 months in Latin America, purely because you have the means and it suits your lifestyle choices, you own property in each of these countries and you enjoy and benefit from all the amenities and advantages each of those regions offers at the various times of year that you choose to reside there, then why would you not want to pay at least some taxes in all of these regions, regardless of your residency, citizenship or tax liabilities?
@kramer26How do you still get your SS in USA if you renounce your citizenship? What about military retirement benefits? Would you lose those if you renounce your citizenship?
@kims1912Thank you.
Amazing !
And why would you do that?
@manueldl9753What would be a good option for me ? I have Hungarian / Romanian dual citizenship, but a resident of UK for almost 10 years now.
@officialszabobeatzIts a problem i don't have as yet cuz i dont have any money đ
@JK-vb6juGermany is the worst country in the world to be honest.
You aint find as many and as high taxes as in germany, its just a disgusting country just like most of its citizens.
Hey love your content and i came across ur work after a long research about career opportunity i really would love doing something like this i also have a background in strategy and research please reply back
@devasyasharma3431Not in Thailand , if you do not pay tax in the UK you will have to pay tax there. They have an agreement with the UK that if you are taxed in the UK you will not get taxed in Thailand but if you are not taxed in UUK they will tax you at the same 20% twenty percent or 22%in Scotland.so you cannot dodge paying tax other countries may be different.
@alanwood4968Great video, thank you!
@patrickzupanc1795Plot twist you use a completely online bank that does banking globally
@SpeedyMcCreadie29How to donât pay taxes:
First step : be rich
All Tax is Illegal
Jesus is taking over and IRS are finished all Government are also finished đ
IRS: "Why are you still watching?"
@TheFlyingDickNo no i want to live in tax free ancapistan in my head, thank you very much.
@spaceadler