Home Immigration The French Tax Trap (How it Could Hurt You)

The French Tax Trap (How it Could Hurt You)

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The French Tax Trap (How it Could Hurt You)

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The Belgian and French Finance Ministers signed a new double tax treaty and protocol. The new treaty will likely enter into force on 1 January 2023 after its ratification. Fundamental changes to the treaty relate to rules concerning hybrid entities, the determination of permanent establishment, new withholding tax exemptions, and the introduction of anti-abuse measures. This will make Belgium less attractive to French citizens.

Wondering how it could affect you if you’re not a French Citizen? In this video, Andrew will explain it and what you need to consider if you live in a high-tax country.

Andrew is reading this article:

00:00 Start
0:23 Belgium Will Stop Being a Haven For French Tax Avoiders
03:22 Taxes in Belgium
4:00 Taxes in France
5:00 Citizenship Based Taxation
6:39 EU citizenship
8:00 France Citizenship
9:02 Tax Incentive Programs

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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.

#France #Taxes #Belgium

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28 COMMENTS

  1. Govts: we need more money money money. It will never end until there is an over throw if politicians and they are held personally responsible for their crimes. Jail and seizure if all assets. None of that " it belongs to my wife" BS either

  2. regarding canadians if you are out of country you pay pay 25 percent on all income any sugestions on voiding this lso how does compare to us citizens is this unique to canada i am living in thialand my us freind dont pay this

  3. Dothey own you for the rest of your life, because you've lived there once?
    Yes, you understand their thinking of "You will own nothing, and we'll be happy owning you."

  4. 10:07 “[France] with a large bureaucracy, and ehh so many restrictions — they have never been competitive in any way” 😂 they are “competitive” in the opposite way: how to squeeze max out of their heritage to live idle life.

  5. Wow, the idea that a country may dictate where I can live is infuriating to me. How dare they dictate terms about my personal live.
    You should list all the countries that do or plan to do this so we can be vigilant.

  6. As I understood it from my limited research on the French tax system, due to having family living there. It doesn't really matter where you live or where your companies are registered.
    If you're a French tax payer, they have global taxation.

  7. France has a scheme called "micro-entrepreneur" in which you pay in 25% total tax, social security (health, retirement and unemployment insurances) included. The catch is that you can make up to €72600 per year for services to remain in the scheme. You can go beyond that amount for two years in a row before you are mandated to switch to the personal income tax system (50%). If you have a foreign company and get paid by dividends you pay 30% total tax. Not to shabby.

  8. Hi Andrew! I'm curious to know what countries Mexican citizens can't move to and if they do they will get penalized in some way. Would you possibly think about making a video regarding that topic. Thanks, and continues to put out great content.

  9. I will resist all the way!
    I REFUSE TO PAY TAXES ANYMORE.

    COME GET ME GLOBALISTS, I KNOW YOU HAVE BEEN WATCHING ME AND I AM READY TO REVEAL EVERYTHING TO THE WORLD.

    WAR IS COMING

  10. There has never been 75 % tax in France. The government already tried to introduce nationality based taxation. The Conseil Consitutionnel said no because it was contrary to the French Constitution. There is an exit tax on capital gains to dissuade the rich from leaving. I would not advise anyone to reside in the EU. Recently, the EU made a lot of expenses financed by bonds. These bonds will be repaid by taxpayers residing in the EU in addition to existing and future national taxes. All the countries in the EU will become high tax countries. The rich will have to pay 75 % tax or more in France and in many other EU countries but it never happened in the past.

  11. What you are seeing is the beginning of the end of freedoms across the board. The meeting they are having in Switzerland to determine how they will totally jail us under the guise of care. Pandemic Prevention. Pentagon just had a meeting admitting aliens, wait I know, their plan is the close down the sky, the sea, and internet. Sky and sea to be prepared for aliens, monitor the internet so humans can not warn aliens. Yes, insanity. Yet, happening. What we are not seeing is they are coming from all sides, using all reasons to restrict all. Look around and see. They also made excuses and held peoples taxes. They are using many routes to our destruction.

  12. Stay away from the fucking E. U. !!!! Avoid that mafia- run socialist continent like the plague !!! Listen to an ex European and go there ONLY for very short vacations of two/ three weeks top . Do not listen to the “ syrens” that want to lure you and your money with fake promises and absurdities !!! STAY THE FUCK AWAY FROM EUROPE , now more than ever since Putin will soon shut the faucets of gas supplies ….

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