It's only The US, Canada, UK, New Zealand and The EU that will be doing this. I have NO DESIRE to be a resident or citizen of those nasty stinking countries so this does not apply to me!

my guy you should take town this video. You're giving these countries ideas. what if some politicians are watching this video??? they might implement what you're saying.

well it doesn't affect me becacause the US will keep taxing me forever.

but we get the awsome benefit of living in a country where i own an AR15 rifle.

also we get preferential selection to top colleges in America. so Asians actually love having the US passport. people from Japan and Korea have babies in America to get this top college preference.

4:11 Portugal is actually VERY aggressive with taxes, you pay something like 45% of your salary in taxes, 23% IRS + 21% Retenção na Fonte (which means your employer pays it to the government before you can even see you money). There are also 9 stages of taxation, the more you earn, the more you pay and even more you employer has to pay to you => minimum wage for everyone. And also today the price of rent is the minimum wage

Hahahaha……after Covid and inflation Mafia now introducing new Tax Mafia 😂🤣

You got to be kidding me.
I thought this was a fad that will die out.

I don't see this happening in other western countries like it is in the USA … and I'll tell you why. The US have significant powers to seize funds abroad. All they have to do is threaten the banks you are banking with overseas by stopping them from using VIsa and MC or put heavy restrictions on their use of international wire transfers. Most banks will cave to these sorts of demands, which is why it's incredibly difficult for US citizens to set up bank accounts abroad. However, countries like Australia, Canada, Norway and the UK just don't have that sort of clout or influence. If you were to leave your country, and your govt wants to impose a tax on you while you're living abroad, all you'd have to say is "Go F*ck Yourself" and there's very little they can do do you (assuming that you never return). For reasons mentioned above, you wouldn't be able to do this if you were a US citizen.

Please dont have kids you fng cnts

What about Argentina Citizenship? They have Net Worth Taxes, for residents, but do not know if it's also for non-resident citizens living outside of Argentina. Also, you cannot renounce Argentina Citizenship….

2:00 in Germany you have this kind of rule right now. If you worked in Germany for I think 7 or 10 years you have to pay taxes in Germany. Even you work in other country. If you want to move your company you have to calculate the worth and then 16x this amount what you have to pay 😀

This would be an absolute mess, I hold an Australian, British and Irish passport, HKID holder. Imagine if they all did citizenship based taxation & I lived in Hong Kong? What would happen? Effective 75% tax rate? Lol…. 20% for Australia, 20% for UK, 20% for EU and 15% for HK

The US only has the ability to enforce citizenship based taxation though FATCA because they have the world reserve currency and has tremendous influence over the world. Other countries can pass it, but they cannot enforce it like the US can.

Other legacy brand nations will follow the corrupt and bankrupt US gov and begin taxing citizens globally. They just can't help themselves.

Thanks for this great video!

Thanks Boss for your Great and informative Videos!!

I would need to correct you on Australia:

1) the law hasn’t passed yet
2) You can become non – resident for
tax purposes the day you leave Australia as long as you are employed or start working for a foreign company from that day

There is no such a thing as waiting 3 years to become a non resident for tax purposes, as long as you are working overseas and can show an employement contract and a lease in the country of the workplace.

Yeah it’s insane what they are doing.

Hello sir I am working at Dubai Airport DXB triminal 2 when will you come there I wanna meet you . When I hold passport of passengers. I feel 😪 I need this passport

Which are good places for UK citizens?

Do you keep an open mind when it comes to creating income? If so contact me and let's talk.

All the country's you talking about have fat fat welfare payments that's the real problem leftists government ,,vote,, buying

So, who is behind? When CBDC?

This is called The Great Reset

06:09 FATCA gets reported to the IRS via the FATCA IGAs, not the Fincen. FBARs report to Fincen.

Also, only a fool would check the 'US Person' box if one has a non US place of birth. Not financial advice (but common sense)

Depends on the country. Citizenship based taxation is anti consistutional in France for example as they have signed tax treaties. The 1958 constitution states that ionternational treaties are above law. Hence the government has to renegotiate treaties one by one (not going to happen) or target a set of treaties (Belgium, Switzerland, the UAE could be prioritized).
What could happen for sure is that they could expand the tax residency requirement for people that are leaving (norway etc..)
Anyways, don't succumb to the fearmongering,
The reason why the US works fine is because CBT is part of their tax treaty model (the savings clause) and brought to the table from day 1. To bring CBT back on the table after negotiations are complete is another issue.
It could happen, France does allow some form of taxation of their citizen in Monaco or the UAE (tax treaty article 19)2)) but it's easy to get around.

There is another new monster, CBDC… Central banks programmable money… They will control citizens holding them from the balls.

It is like countries around the west want to push a "worldwide alimony " tax

Any views on India?