CAYMAN ISLANDS, PANAMA, SEYCHELLES BLACKLISTED BY THE EU

[Anonymous No.17311824]

The fucking audacity of EU bureaucrats blacklisting British overseas territories immediately after Brexit.

Listen up /biz/bros, it's important. I don't care if you are a poorfag hoping for your big break, if you've arranged a comfy stack of shit-tier cryptos, or if you're running a successful business. This is only going to get worse in the coming years and I suggest that people GTFO of the shitholes that are OECD/EU-aligned nations before the walls close in and they start demanding citizenship-based taxation. It's time we move to territories that respect our freedom.

I have heard rumours from reliable sources that the EU Commission is planning to introduce citizenship-based taxation, and it's likely going to get even uglier. God knows what else they've planned.

FUCK THE TAXMAN
FUCK THE EU
FUCK THE OECD
FUCK THE FED
FUCK THE ECB

[Anonymous No.17311855]

I like panama

[Anonymous No.17311874]

>>17311824
>Gaymens
NOOOO MY LINKIES

[Anonymous No.17311882]

>>17311824
Where to go?

[Anonymous No.17311914]

There are shit-tons of wealthy people who are already packing up their shit and getting the fuck out - I know many of them.

EU has demanded the UK and other jurisdictions to start registering the assets that people hold (first using CRS/AEOI for bank accounts, now trusts too) and have, with the help of the bootlickers that is the OECD, demanded that they share this information directly with tax agencies. This is very similar to registering the Jews during the Nazi regime, except this time people are pissed off at rich people rather than Jews. We all know where this leads.

YOU HAVE BEEN WARNED

[Anonymous No.17311943]

>>17311882

Either successful pseudo-libertarian states like Singapore, tax haven islands like those blacklisted (including UK overseas territories and the UK itself), and unironically shit-tier third-world nations that have more important things to deal with.

I'm looking into the Cayman Islands and South America at the moment, Uruguay seems like a very comfy place. Argentina too since their tax authority is incredibly incompetent and they are likely going to have a libertarian revolution soon.

[Anonymous No.17311952]

Malta masterrace

[Anonymous No.17311961]

>>17311943
So why not Switzerland? Do you really think they'll lick EU boot?

[Anonymous No.17311995]

They're eliminating cash and limiting gold purchases
They've wreck the economy and imported 10s of millions of violent subhuman invaders
For what? Probably to destroy Christians like the jew usually does

It's time we stop fucking around and take our lives more seriously
I'm 28 and at my last superbowl party nobody had children, the men played video games and the women were pop culture whores

I don't know exactly what to do with my life but I know I'm have to be more present and take action

[Anonymous No.17312066]

>>17311824
The EU has no power to tax, except for VAT tax.

For it to get that power all 27/28 (whatever it is) states need to agree unanimously to give that power to Brussels.

Also several EU countries already have some kind of citizen-based taxation.

[Anonymous No.17312077]

>>17311961

They have already caved due to enormous pressure from the EU and the US. Swiss banking secrecy is dead after UBS et. al. gave up account details to the IRS a couple years back.

I don't know how long they will tolerate it - I still have some hope and they are on my relocation list but keep a very close eye on them because if they fall it's game over for Europe.

[Anonymous No.17312101]

The point I mean is they have nothing to fight for or care about
It's all sterile sex and dopamine drops with no thoughts on government, currency, economy, family, or any long term outlooks where they would be engaged in political discussion
It's like everyone is a children these days while things are slipping behind the scenes

[Anonymous No.17312108]

>>17312066

This is true, however the EU can pass directives that homogenise taxation regulations throughout Europe, which they have already done with other financial regulations in particular KYC/AML directives.

[Anonymous No.17312149]

>>17312077
They have already fallen.
Whatever secrecy they used to have moved to Dubai or HK where the law can't touch them

[Anonymous No.17312160]

>>17311961
>>17312077

Adding onto this, Switzerland has already signed CRS and AEOI and are sucking the EU's cock at the moment. Their central bank is fucking over the CHF and are engaging in massive QE so not sure they are as redpilled as they were in the past. Time will tell.

[Anonymous No.17312210]

>>17312149

Would add Singapore to this list as well. Hopefully the UK gets its shit in order and starts to be tax-competitive but I have my doubts considering the amount of fucking subsidies they give to poor people.

[Anonymous No.17312255]

>>17311855
So does IDEX :)

[Anonymous No.17312265]

Brainlet here what is a citizenship based taxation exactly?
Taxation is theft idc what you say
Fuck the EU
Fuck the ECB
And fuck their dirty legislation
No sane man wants to stay in this continent anymore

[Anonymous No.17312302]

>>17311824
Just pay your taxes to society you fucking bum

[Anonymous No.17312306]

>>17312210
While that is somewhat true, you can't get away with a lot of shit in Singapore that you can pull in Dubai or HK with zero-to-nil repercussions.

[Anonymous No.17312334]

>>17312265

US and Liberia are the only two countries in the world with citizenship-based taxation today. This means that you will always be required to pay tax REGARDLESS of where you live and how long you've lived there, and that the IRS will hunt you down wherever you live (even if you've never lived in the US!) for non-compliance if you refuse to pay tax.

Most Western countries have residence-based taxation today, where if you are deemed resident of a country (usually spending more than 183 days there per year) you are also made liable for tax. This is already eroding in many EU countries where they will make you pay tax for a couple years after moving out of the country (with the burden of evidence on you), but rumour has it that they want to make it more like the US system whereby you will never lose your tax liability.

[Anonymous No.17312345]

>>17311995
You are not alone bro

[Anonymous No.17312376]

>>17312334
Ok so that sucks obviously. Out of curiousity, how exactly do they track you down? They can't act outside their jurisdiction right? They can ofcourse sanction you.
Thanks for the explenation
>>17311914
Can you also eleborate a bit more on what you mean here? What is this CRS/AOEI stuff?

[Anonymous No.17312394]

>>17311914
The government pressuring the wealthy to gib money is one of the red flags for an imminent recession. I'm shielding my portfolio as we speak.

[Anonymous No.17312415]

>>17312376
For the US, the whole World is their jurisdiction.
You can't hide in Europe or in FVEY and most US-servile parts of the World.

[Anonymous No.17312456]

Once again, the eternal anglo is fucking over the world, and then has the audacity to play the victim card.
Is there no end to the devious schemes of this evil race?

[Anonymous No.17312469]

>>17312376

If you don't know what you're doing 7/10 times they track you down by receiving information from CRS/AEOI (OECD Common Reporting Standard/OECD Automatic Exchange of Information). For Americans it's done through FATCA (Foreign Account Tax Compliance Act).

What this legislation does is that any country that signs treaties which involve CRS/AEOI compliance (most of them) has to coerce their banks to submit annual information dumps to foreign tax agencies on foreign citizens who hold accounts. This is done automatically, so you can't get away from it.

If you are smart you could use some creative offshore structures to mask beneficial ownership (usually involves trusts, offshore companies are also required to submit beneficial ownership information to foreign tax authorities), but you always need to stay two steps ahead of the tax man and it takes a lot of time and effort.

[Anonymous No.17312492]

>>17312376

They can act outside their jurisdiction by issuing an INTERPOL Red Notice for tax evasion which would force the country you are living to arrest and deport you.

[Anonymous No.17312510]

>>17311824
>EU invites rich commercial/political class to shill for leaving the EU
I'm fine with this

[Anonymous No.17312519]

>>17312376
Opening a bank account for an american citizen outside the USA is the closest thing to hell on earth.
Look up FATCA

[Anonymous No.17312541]

Isn't DrainStink registered in the Cayman's...

[Anonymous No.17312569]

>>17312519
Now you know why US firms expand and keep their earnings overseas

[Anonymous No.17312636]

>>17312541

Yes.

Many exchanges are registered in Seychelles as well. This affects crypto big-time.

[Anonymous No.17312644]

>>17311824
the EU is weak. crypto is strong

[Anonymous No.17312696]

>>17312636
Right, how bet to cash out and pay only an efficient rate of tax- legally of course- assuming you are a britbong? Thanks tax haven anon.

[Anonymous No.17312762]

>>17312541
imagine holding that shitcoin and thinking it will make you rich

[Anonymous No.17312781]

>>17311824
Well, a lot of eu countries already have citizenship based taxation...

[Anonymous No.17312794]

>>17312696

You get out of the UK and wait till you aren't tax resident any longer (this involves selling your house and severing most ties). HMRC is known to raid people who cash out with crypto and deposit earnings to UK bank accounts (search the archives there were some threads on this) - god knows what ends they will go to find out about your offshore earnings.

Even if you manage to cash out offshore but still remain physically present in the UK (there are semi-illegal ways of doing this that I won't go into, but you are FUCKED big time if they find out how you did it), you will never to be able to realistically use it as any bank cards you use in the UK are logged and registered for inspection by the HMRC. Only way to get around this is to pay for everything in Monero.

[Anonymous No.17312808]

>>17312469
>>17312492
>They can act outside their jurisdiction by issuing an INTERPOL Red Notice for tax evasion which would force the country you are living to arrest and deport you.
And there are people that think the NWO isn't already a live thing.
Isn't BitMex registered in the Seychelles? Does that mean EU residents can't trade there anymore?
>>17311914
So you're implying we're going to see some kind of commie revolution in Europe?

[42 No.17312819]

>>17311995
>I'm 28 and at my last superbowl party nobody had children, the men played video games and the women were pop culture whores
Slaves who will resent you for going against their masters (aka money printers)

[Anonymous No.17312818]

>>17312696

And also, THIS IS THE MOST IMPORTANT PIECE OF ADVICE:

DO NOT UNDER ANY CIRCUMSTANCES ASK A LAWYER BASED IN THE EU/UK ON HOW TO AVOID TAXES!!!! New EU legislation which affects the UK as well makes it MANDATORY for intermediaries INCLUDING LAWYERS to inform tax authorities about tax avoidance/evasion schemes. IT IS A TRAP

[Anonymous No.17312820]

>>17311914
>EU has demanded the UK and other jurisdictions to start registering the assets that people hold (first using CRS/AEOI for bank accounts, now trusts too) and have, with the help of the bootlickers that is the OECD, demanded that they share this information directly with tax agencies
What do you mean? Almost all non-shithole countries are already part of crs/aeoi and have been so for several years already.

[Anonymous No.17312826]

>>17312302
>Just give 20-40% of your earned money to rapefugees who come here by the boatful

[Anonymous No.17312844]

Singapore has automatic tax echange
https://eoi-tax.com/jurisdictions/Singapore

[Anonymous No.17312846]

>Isn't BitMex registered in the Seychelles? Does that mean EU residents can't trade there anymore?

You can still trade there, but they may start to introduce KYC/AML depending on the Seychelles reaction this blacklisting. Time will tell.

>>17312808
>So you're implying we're going to see some kind of commie revolution in Europe?

I don't know what exactly will happen but I know for god-damned sure that I don't want my name on any fucking government list if shit goes down.

[Anonymous No.17312853]

>>17311952
Hello CZ. You are my hero for not keeping my LINKies after the Binance hack. I will erect a statue in your likeness on my yacht.

[Anonymous No.17312860]

>>17311995
bless you anon, time to get /fit/ if you haven't already

[Anonymous No.17312861]

>>17312820

Yes, but they are expanding the mandate to cover trusts as well which used to be the best way of avoiding your identity being associated with a bank account.

[Anonymous No.17312909]

>>17312794
What do you think about being physically present but using cash only?

>>17312818
Now this is interesting and something I did not know about. Since when is this happening? Do you have a source? I unironically did consult a tax lawyer before moving 2017

>>17312108
Would this be a good thing for high-tax shitholes in Scandinavia, since they are all above the EU average when it comes to tax rates?


Oh, and thank you OP for a non-shit tax thread.

[Anonymous No.17312933]

How about transferring some funds to coinbase/mycrytpo, get a debit card and spend your crypto day to day? The tax man would never know as you never really cashed out, right?

[Anonymous No.17312953]

>>17312933
are there crypto debit cards which are issued without KYC?

[Anonymous No.17313035]

>>17312909
>What do you think about being physically present but using cash only?

Can work if you are extremely careful and make the tax authorities think you have no income, but I wouldn't want to live a life looking over my shoulder every day in case the tax man is behind me. You will eventually get fucked doing this because physical presence can be verified by taking a look at immigration/border records since everything is digitalised now.

>Now this is interesting and something I did not know about. Since when is this happening? Do you have a source? I unironically did consult a tax lawyer before moving 2017

EU Council Directive 2018/822 was enacted 25th of May 2018.

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:32018L0822

Retroactively covers any schemes back till at least 2017 I think, but you will need to read the directive in detail to be certain.

>Would this be a good thing for high-tax shitholes in Scandinavia, since they are all above the EU average when it comes to tax rates?

Not sure what you mean. I live in Scandinavia at the moment and can totally see the tax authorities implementing something like this in the near future. It's only a matter of time IMO.

[Anonymous No.17313055]

>>17312909
>>17313035

See pic related for further information as to the directive that forces intermediaries to reveal information. It's such a blatant violation of lawyer-client privilege that I find it insane that nobody spoke up. Notice that no media has covered this either, likely because they want to sweep it under the rug and implement it before people get wise about it.

https://ec.europa.eu/taxation_customs/business/company-tax/transparency-intermediaries_en

[Anonymous No.17313056]

>>17312909
>Oh, and thank you OP for a non-shit tax thread.
This. But also a somber reminder that the end goal should be to hodl long enough to only transact in crypto so we never have to deal with all this fiat (((fuckery)))

[Anonymous No.17313076]

>>17313035
>Can work if you are extremely careful and make the tax authorities think you have no income
Imo, the trick is to stay in a low income bracket to avoid this

[Anonymous No.17313093]

>>17312933
>>17312953

Not going to work. Coinbase can and will report your holdings to either US or EU authorities. You technically cash out by using the debit card, albeit in small amounts.

[Anonymous No.17313102]

>>17311995
>>17312345
We need to form a like-minded, high trust community. This is my end game but I dont know how the fuck to make it happen. Being wealthy is useless if your children grow up to be brainwashed consumers, gays, degenerates, etc.

[Anonymous No.17313119]

>>17313076

Yes, but you won't be able to spend any of your gains as they can and will carefully comb over ALL of your assets and if things don't add up you're going to get buttfucked by an audit.

[Anonymous No.17313123]

>>17311824
Reminder that taxation is theft:
https://m.youtube.com/watch?v=6H8mBm4_SLw

[Anonymous No.17313175]

>>17311914
I'm a burger, what's the rundown on why the fuck the UK has to listen to the EU when they're supposed to be leaving?

[Anonymous No.17313205]

>>17311824
>nooooo not the tax havenerinos, not the corporatino tax evasion islanderinos!
kys

[Anonymous No.17313211]

>>17313175

Transition period until the end of this year - all EU legislation that still applies in the UK. I also think that the UK doesn't want to be too lenient because if they do that the EU can fuck them over with import tariffs and other sanctions.

The Tories are on our side, but they can't do much and considering the huge Labour voting base in the UK (which is increasing) and the amount of welfare-dependents I think it's likely going to get worse rather than better.

[Anonymous No.17313239]

>>17313119
Well yes you will need to pay taxes on your gains but you can spend a bit of them by paying yourself through a crypto company's salary so it's taxed as income as opposed to capital gains. The end goal being...
>>17313056

[Anonymous No.17313247]

>>17313211
>Labour voting base in the UK (which is increasing)
retard

[Anonymous No.17313262]

>>17313211

Adding onto this thing about them being on our side. Remember that the Cayman Islands and other British Overseas Territories like BVI and Bermuda ARE under the control of London, it's just that they turn a blind eye to them and let them do whatever the fuck they want because technically they have internal autonomy. It's their way of London getting away with having legalised tax avoidance but also saying that it's not their problem if someone questions it.

[Anonymous No.17313305]

>>17313247

Yes, they lost in a landslide election, but it's mostly because of their retard treatment of Brexit and Corbyn. You are delusional if you think this wasn't just a one-off incident under exceptional circumstances. Remember that there are MANY people in the UK that are dependent on gibs and if Labour puts forward a reasonable character they WILL gain a lot more votes.

This will naturally be amplified in the coming economic disaster that is the implosion of fiat currency, but that's a topic for another day.

[Anonymous No.17313346]

>>17313035
>You will eventually get fucked doing this because physical presence can be verified by taking a look at immigration/border records since everything is digitalised now.
Is there actually a record even within schengen? If so, then I guess I should have been more careful reporting physical presence.

>Retroactively covers any schemes back till at least 2017 I think, but you will need to read the directive in detail to be certain.
Damn, maybe my tax lawyers actually made it worse for me. Good to know.

>Not sure what you mean. I live in Scandinavia at the moment and can totally see the tax authorities implementing something like this in the near future. It's only a matter of time IMO
I'm from Scandinavia too, what I mean is maybe our tax rates get lowered if some kind of EU tax system gets implemented.
>>17313055
Thanks man

[Anonymous No.17313365]

>>17313239

Might be able to be done for a short while but somewhere down the line someone is going to start asking questions about source of funds, especially the banks that the company banks with due to KYC/AML regulations. This is how you get fucked, not to mention CFC regulations which will make you liable for tax because you control an offshore company.

[Anonymous No.17313419]

what is the actual tax rate on capital gains in the UK? it's like 10-20% right?

[Anonymous No.17313436]

>>17313365
>This is how you get fucked
The company gets fucked. Worst case, bankruptcy and try again with a new company.
But, and this is just personal experience so you don't necessarily have to take my word: so long as your company is small enough and you are paying your income tax, they don't really care.
t. shady drug dealings

[Anonymous No.17313441]

>>17313346
>Is there actually a record even within schengen? If so, then I guess I should have been more careful reporting physical presence.

https://ec.europa.eu/home-affairs/what-we-do/policies/borders-and-visas/schengen-information-system

Yes, but I imagine it's going to be difficult for an individual member state to prove that you were in their country though since there are no internal border controls.

[Anonymous No.17313490]

>>17313441

Remember the cardinal rule though:

In most jurisdictions, THE BURDEN OF EVIDENCE IS REVERSED. If a Scandinavian country claims you owe them X in tax, YOU HAVE TO PROVE THAT YOU DON'T. It's a no-win scenario if you are in Schengen and are living under the radar.

[Anonymous No.17313527]

>>17311914
guess what faggot. Those tax men and rich people are kikes

[Anonymous No.17313607]

>>17312541
Doesn't matter, CFC regs apply, its a US corporation. End of story

[Anonymous No.17313608]

>>17313436

If the company is based in your jurisdiction, this might work, but you will get fucked if you use an offshore company as they fall under the CFC regime, which makes you as a person tax liable for any and all incomes that the offshore company earns.

[Anonymous No.17313619]

>>17313490
>THE BURDEN OF EVIDENCE IS REVERSED. If a Scandinavian country claims you owe them X in tax, YOU HAVE TO PROVE THAT YOU DON'T
Yeah anon, I know. I already failed to prove this, hence I am paying taxes to my country of citizenship. That is why I think the normal tax threads here are full of retards since they think they can just magically move to Portugal and cash out and then move back.

Unrelated, but would you happen to know the answer to the following question:
In case there is a tax treaty between two oecd countries, will this tax treaty be applied automatically on a double-resident, or does the taxpayer have to specifically demand to have it applied?

[Anonymous No.17313650]

>>17311824
fuck you low level life form

[Anonymous No.17313690]

>>17311914
Rofl you tax evading kikes can go straight to hell

[Anonymous No.17313762]

>>17312456
Oh my God /biz/ is absolutely TERRORIZED by you commie propagandist kikes

[Anonymous No.17313774]

>>17313619

>In case there is a tax treaty between two oecd countries, will this tax treaty be applied automatically on a double-resident, or does the taxpayer have to specifically demand to have it applied?

Automatically applied I believe.

See article 4, paragraph 2 of the OECD Model Tax Convention (pic related)

[Anonymous No.17313805]

>>17312762
The chainlink shills is just a small group of shills who use different devices and VPns yo make it seem like their #s are large . Link is one large JIDF psyop that always scams if you buy in big

[Anonymous No.17313811]

>>17313619

Should also add that if it is beneficial for you, you should consider mentioning the treaty. I think it depends on who stands to benefit in a tax case.

[Anonymous No.17313816]

Implying the EU Commission has any kind of power to enforce laws on members states I live in Belgium man and not even thé federal gouvernement has complete jurisdiction over laws in Belgium. It's a joke.

[Anonymous No.17313850]

>>17313816

Except they do for important domains like taxation and financial services. The 5th AML Directive has already been applied throughout the EU and regulators are already starting to enforce it.

[Anonymous No.17313991]

>>17313774
>>17313811
yeah, I was thinking about not even bothering to to the declaration to the country that would lose taxation right based on the tie-breaker rule (your pic) if the treaty is automatically applied

[Anonymous No.17314063]

>>17313608
You are correct. It needs to be a local company that pays your salary. There are already offshore companies that provide crypto-to-fiat deposits that you can use

[Anonymous No.17314088]

>>17313850
where are you from, idiot?

[Anonymous No.17314148]

>>17314088

That's none of your god-damned business. Go back to sucking government cock and enjoy getting buttfucked by the tax authorities.

[Anonymous No.17314205]

>>17312818
Thanks anon. There are tons of tax lawyers in the UK looking for loopholes that you can employ, but you're saying they will report you anyway. Who should you speak to then?

[Anonymous No.17314294]

>>17312101
A great red pill in familial identity. Wonder why only the elites have seen fit to symbolize this identity with a symbol? The family crest. Only plebs choose national, racial, religious, some corporation’s symbols to represent them.

[Anonymous No.17314337]

>>17314205

Depending on your risk tolerance, I'd look into offshore law firms. Appleby, Carey Olsen, Harney etc.

https://en.wikipedia.org/wiki/Offshore_magic_circle

Might be better to look into tiny highly specialised law firms based in BVI, Cayman etc. as well, might be cheaper too.

[Anonymous No.17314357]

RIP link's scam haven lol

[Anonymous No.17314397]

>>17311824
There's ZERO chance that EU manage to force it's member states to tax their citizens based on citizenship rather than residence. ZERO chance.

[Anonymous No.17314570]

>>17314397

Mate, it's already tending towards that direction. You think they will just stand by and watch if tax revenues collapse due to capital flight?

[Anonymous No.17315067]

>>17313247
>ignores demographic change because he's high on CCHQ fumes

[Anonymous No.17315656]

>>17311961
>Do you really think Switzerland lick EU boot?
Swiss banking industry been doing exactly that for the last 10 years or so. They simply closed non-resident accounts

[Anonymous No.17315715]

>>17315067
Welp I guess it's time to head off to the Isle of Man, New Hampshire or one of the other meme states that has 90%+ white occupancy. UK will in the next few decades succumb to the rot from within. More gibs, more tax, lower IQs (for "unknown reasons"- like France!), less productivity and innovation, less output, spiral into the shit can of history.

[Anonymous No.17316015]

>>17313762
>>17313762
>>17313805
beyond cringe, stop posting on this website and go back to wherever you came from