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”Crypto Asset Reporting Framework”
If you’re in the crypto space, You should know that governments worldwide are trying to find new ways to take away your privacy.
In this video, Andrew shares news about the new tax on Crypto and what you should do with that.
00:00 Start
0:23 New Crypto Asset Reporting Framework
3:54 Taxes on Crypto
5:23 Living in Malaysia
5:49 Crypto tax in Portugal
7:19 Economic Policy
9:14 Living in Puerto Rico
9:34 The Best Plan for Crypto Investors
Andrew is reading this article:
Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
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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.
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Central America will quickly become the last haven for crypto investors and digital nomads.
fight fight fight with anything you can there is less of them why are ppl not understanding that
Do not believe one sentience, there end game is the destruction of all cryptocurrency, the destruction of all cash, the introduction of Digital Credits running on there hardware, think of it like a credit at the company store, SLAVERY 2.0
Your advices are worthless for sub 100k people, a second passport and a second ressidence is only reachable for rich people
Crypto needs to be regulated. Its dangerous since it allows gangs, riffraff, and pedophiles to skirt the law. It should be made illegal.
Where's a safe back-up plan now, when Portugal flipped unexpectedly, Asia's about to go through a devastating food-shortage that will cause the more desperate to come after expat-enclaves, and the US seems desperate to destroy eastern Europe as a casualty of its war with Russia?
Socialism can not pay for itself. – OECD
As NIKE use to say ….. “JUST SO NO!”
Tell me again why? What are taxes? Who is the beneficiary?
Crypto is gonna crash, anyone who still dollar cost average are 🤡 Michael Burry will always be a LEGEND put put city gang!
A lot of BS here – you can of course move to Malaysia, and will be taxed there provided that you stay for more than half of the year (to simplify). That is just normal international tax rules. (NB as an American you will also have to file in the US though, but that is an American rule, nothing to do with OECD).
What the OECD transparency rules are about is preventing tax avoidance; formally rich Americans had to get money out physically (or have Swiss bankers from UBS smuggling diamonds out…) today they can use crypto. Same for sanction busting. And yes, it is 99% of the time rich people escaping taxation, leaving the poorer classes picking up an unfair share of the tax bill to finance society. But I guess that is Normad’s clientele, and you do not care…
As to OECD employees not paying national tax: that is standard practice in all international institutions; same for UNO, WTO etc. (Bet the French would be happy to get taxes paid for directly by the contributions of the other members (eg USA)…)
Someone's got to fund the who and the UN .trying to destroy the world's economic system .
Any numbers yet?
FJB
This bullshit needs to end. We all have a right to privacy. Just because we have privacy doesn't make us criminals. I guess everyone should only use privacy coins and P2P transactions or non-KYC exchanges, all over VPN and encrypted connections.
What gets me is that in most places (such as Australia) crypto isn't an asset or income, its a special class of its own subject to stupidly high tax rates which are supposedly justified because "you didn't have to work hard for it and shouldn't be able to profit without working". As a result, between the paperwork nightmare and the stupid taxes on crypto, its utterly pointless to be involved with crypto in Australia.
What's the reason behind high taxes, the govt screwing over crypto and trying to ban it all? The reason is the elite don't want anymore rich people, they want to kill us all by bankrupting us and starving us out so there are more resources for them. Taking the food first would be too obvious and would "rock the boat" too much so they start with the money; pushing us to "owning nothing and being happy", then the food costs too much and starts to become scarce.
What we need is a tax free country to permit highly qualified and skilled people to be able to move and naturalise as citizens subject to starting a business and creating jobs and technology that benefits the place. Sadly the only option is to have large amounts of money to do CBI. The idea is that the tax free country could become the greatest success globally and show the world just how well being tax free and prosperous any country could be if they follow the same pattern. Basically an opposite of the OECD and their goals.
Sadly, being not rich and stuck (barred from leaving till the end of the year due to govt shenanigans and their use of legal procedures to delay) in Australia (the 4th highest taxed country in the world), there aren't options to leave and due to the current migrant situation caused by the war in Ukraine, Europe doesn't have jobs or opportunities left so its not even a temporary option.
The issue most will face is governments trapping them inside their countries and financially crippling them from leaving or being successful. Australia will break you every 6 months with new qualifications, courses, competencies (short courses), new experience requirements and other bullshit so you're always stuck learning or 'updating' your training instead of working.
You believe in statism.your the virus
Believe in parties…you should hari kari.
You the believers did this.
These people don’t feed our families. Why should they have a say
You're trying to imitate that dude on Fox, it's kind of distracting. Just say it these people are narcissistic psychopath, Society has lost 50% of its empathy capacity in just a short 30 years. They're told in schools through the self-esteem agenda that their ship does not think they're born perfect this is the perfect recipe for developing and nurturing narcissism and the amputation of empathy. You want to talk about something significant talk about the true genuine source of almost all human generator misery and that is the Monopoly over economy and monetary unit which has existed since the Sumerians and is the source of why Society is unable to develop sound mind self-worth maturity love empathy forgiveness. We participate in creating the most parasitic organism on the planet
Everyone at OECD needs to die for corruption
Exterminate all elitists with extreme prejudice and malice
When the bankers and mafia governments are extinct, only then will people be free.
Shame on you.. pushing crypto. CRYPTO is not a currency,, it is a digital commodity. Worse than gold. But then, why listen to Warren Buffett, let's listen to you. Stop, ficking people over .
I'm sure this video was relevant when crypto wasn't making people poor 🤔
The mega rich don't whan competion that why they use tax and welfare to keep people in poverty. The US don't want you to leave because they are scared of foreign influence on you. And bringing better ideia from the outside. You pay STATE TAX as an expat. This is the worst thing. Even federal tax is wrong if don't live in that country. That why the USA is one of the most hated country. Living in the USA after living in Brazil for 14 years, I notice one thing, people are extremely dumb and passive in the US. They acept stupid and autoritarian law such as FATCA. In Brazil the got a president impeach for mismanaging Remember you can't change this.
There is always going to be room and tech to simply ignore this BS, you can carry crypto in your head a crossed borders etc.. what happens if you forget or simply loose your private key? Does the obligation to pay the bullies still apply ?
Can you do a video on the tax implications of changing your status to an American National and experiencing a windfall (if any) and if the passport still has the same privileges as a US citizen?
When I met hackerzong . l had feeling he would be like everyone l've meet before but he turned out to be Henry and genuine!!! Thanks so much sir.. 🙏
When I met hackerzong . l had feeling he would be like everyone l've meet before but he turned out to be Henry and genuine!!! Thanks so much sir.. 🙏
On June 13, 2022 The Canadian government voted to cut short the DEBATE on Bill C-11 which is to take over our internet and control what we see and what gets posted. They won't even allow a free speech discussion ABOUT free speech!!!!!! Canada has gone full on psycho thanks to Tyrant Trudeau's Liberal Party and the leader of the socialist NDP who have ganged up and have taken control of the government. I honestly have never been this scared for Canada.
This is the main reason why I never invested in crypto. From the time I kept seeing mention of it being unregulated repeatedly I knew they would find a way to tax it.
Truth is these politicians are terrible at managing the economies of their respective countries and think just milking more tax dollars is the easy quick fix solution. It's about time citizens start suing for mismanagment of tax dollars and the economy at large.
Crypto cannot be taxed. It's dumb. That's not why crypto was created. It gives you freedom, anonymity, and you should keep this that way.
Trade with crypto. Nobody has to know how much wealth you have.
We’re starting to see a fragmentation of the global economy….western nations are decaying while the rise of Asia, Africa, and a few South American countries.
Too bad I lost my keys in a boating accident…
This isn't a suprised to me,because any product that becomes mainstream tends to become a taxable asset that governments around the world wants to tax.
Do you have a latest update on what tax's must be paid if I have a second passport for Panama, Belize or Guatemala. What has to go to US, on what I make in central America. Is there a graph in your book that is up to date?
How about places like Dubai or Cyprus?
Expect that the FATF will push this, unelected but somehow are able to apply pressure to any and every country. Give it a few years and the blockchain technology will have been stolen and rolled out as a central bank digital currency which is indeed a terrible prospect. "One currency to rule them all, One currency to find them, One currency to bring them all, and in the darkness bind them; In the land of tyrants where the shadows lie." [with apologies to Tolkien!]
Three solutions. Monero. Dero. Pirate Chain
The way Andrew says Boutique is in itself, Boutique
I am as antitax as anyone, despising the OECD and basically every governmental organization, especially the internationals including the UN, World Bank, IMF, WHO, you name it; but I fail to see the problem with taxing crypto. If it is supposed to be an "asset" or "investment" why should it be treated differently than any other such thing? To argue against taxing crypto is completely and utterly illogical. Why should this one particular "asset class" be exempted? What exactly is the argument?
Full disclosure I see absolutely zero reason for crypto to exist and think the sooner it gets found out as a fraudulent pump and dump scheme that disappears, then the better off we will all be. It has zero value in and of itself, only the completely arbitrary value that its extremely limited holders give it (in US Dollars by the way) which makes it by definition a fiat currency. There is zero safety and stability because it has no physical form and lies entirely within the ether in a "wallet" that is exceedingly easy to hack, with no recourse for the holder in event of theft.