Governments are feeling the heat. Many wealthy people and entrepreneurs are tired of being picked clean by governments. Other aspects, such as security and immigration, may also come into play. So, in the UK alone, more than 10,000 millionaires leave the country every year.
Governments obviously need money to keep pleasing their pampered voters. And now they are panicking. As those making money and sponging the exchequer pack their bags for Dubai, Bulgaria, Uruguay …etc, the government gets nervous. Who is going to pay the bills…?
Exit taxes. The governments are rapidly working on various exit taxes, and a possible European approach is still being determined. There are already heavy exit taxes in Canada, South Africa, Australia, Germany, etc.
You may start paying taxes if you no longer live in your country and don’t use any service. Think about that!
For example, France is now very far along in adjusting tax laws. So, if a Frenchman moves to a country where he pays 50% or less taxes than in France, he will simply remain taxable in France. That’s the plan.
The Netherlands is also supposedly “exploring” how to introduce an exit tax. The plan is that if you, for example, work and live in Dubai and do not have to pay taxes there…you would still have to pay 5 years of Dutch tax. The so-called ” after-tax”.
Of course, the question is how all this is consistent with the tax treaties entered into and how such a thing can be controlled and enforced. Nevertheless, it is a very worrying evolution.
Therefore, without wanting to create panic, but if you were looking for a better place to live taxwise…. It’s crucial to act NOW, before these laws take effect!
Our message!
-> Move before these crazy laws take effect
-> Get an additional nationality so that you have more choices
-> Get an overseas visa so you can leave whenever you want
-> Diversify your wealth worldwide, and don’t put all your eggs in one basket
-> Protect your wealth
Do not hesitate to contact us today: info@dehoon-dhp.com
