The international tax landscape has changed substantiallyin recent years. Companies and individualsbut also tax authoritieshave started thinking more international and global. Whether we like it or not, it's a fact.
We are convinced that there is only one way to escape this tax madness:pack your bags and go! Forget the deep-rooted mentality to stay around the area you grew up in; it's merely necessary for pure self-preservation! There is no room anymore for half-baked solutions.
This is Mauro Culotta, General ManagerTaxNomadism.
Why leaving? Taxation is not the only driver, Crime, terrorism, labor costs, regulation and bureaucracy, safety, pollution, level of education, traffic woes, environment, inheritance, are also impacting us in choosing to go and where to go.
Then, the question is where you would need to relocate? Where could you go, and which destinations are consistent with your goals? We will pay attention to both your situation and desires, as well as your professional situation.
At first sight, it seems straightforward: gone is gone. But that's not how the tax authorities think about it. In this book, we will talk about what it means to be gone from the tax authorities' point of view.
We will also discuss what could happen when you only have one boot on the ground in another country.
Times have changed and banking secrecy is almost a thing of the past. Gone are the days when you could establish a parallel circuit of revenues (your nest egg) outside your country of residence by using a letterbox company in a tax paradise and an associated bank account in a country with banking secrecy. Gone are the days when you could shift massive profits to one of your other, lower-taxed companies abroad without having to explain yourself (well-devised, market-based transfer prices are the norm).
This channel and all we do is built around one essential fact: moving is the only way to avoid costly and time-consuming discussions and to still benefit from acceptable tax rates in the future!
Our tip is simple: effectively moving is the key to financial and personal freedom, and by following us, you will learn more about where, how and when.
I’m Mauro Culotta and we are TaxNomadism.
