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why is european citizenship bad?
- Thread starter FATCA
- Start date
Some people think sooner or later those countries will try citizenship taxation like US.
It's not. In fact depending on the country it's one of the best passports you can have.
The residence on the other hand can be taxing. Pun intended.
The residence on the other hand can be taxing. Pun intended.
Europe has many countries are you really wanting to say EU?
https://en.wikipedia.org/wiki/List_of_sovereign_states_and_dependent_territories_in_Europe
Well an EU passport is not a bad passport right now. But one needs to look at the future and get a back up plan.
The borders won't matter. You always get something in return. Maybe even more than something.
It is up to personal preference. Some prefer Russia, some China, some US, some Canada and even others Africa or South America. Difficult to answer you.
It is up to personal preference. Some prefer Russia, some China, some US, some Canada and even others Africa or South America. Difficult to answer you.
If you're not making millions in euros or dollars, then living in the EU and holding an EU passport can be just as good as anything else.
The extreme hate towards the EU that many prominent users here on OCT push almost feels like propaganda, just like what the US, Russia, and China are already doing.
Is that really what we need in such a small community?
The extreme hate towards the EU that many prominent users here on OCT push almost feels like propaganda, just like what the US, Russia, and China are already doing.
Is that really what we need in such a small community?
I’m working on an additional Anglosphere nation (US is my first) and an EU nation both by descent along with a Latin American residency. I’ll evaluate from there. I don’t know what they get me for now other than options and avoidance of ETA/ETIAS or visa paperwork for places I’ll likely not visit, but that’s enough given the extremely low (assuming I stay out of their tax regimes) costs.
A passport from another non-EU country. Depending on which side of the ideological fence you fall history can repeat itself and maybe not in your favour sadly.
An EU asset register seems a reality and it can easily be extended to cover EU citizenship. It forms the basis of making your wealth easier to steal or confiscate/freeze as they call it with the pretext of fighting money laundering as they always like to claim
.Feasibility study for a European asset registry in the context of the fight against money laundering and tax evasion
https://op.europa.eu/en/publication-detail/-/publication/0d82b09f-3ff9-11ef-865a-01aa75ed71a1EU proposes ‘Asset Register’ database to track citizens’ assets
https://finbold.com/eu-proposes-asset-register-database-to-track-citizens-assets/Basically asset tracking never worked out well for the Jews in Germany and it won't for you either
. Hence another non-EU citizenship and wealth allocated to that citizenship is wise. No one knows which direction the EU will go as their debt mountain piles up and demographics continue to go against them.https://www.smithsonianmag.com/hist...their-wealthmaking-it-easier-steal-180968894/
P.S Be warned and get out of the EU while you still can
. An EU wealth tax will follow your citizenship around the world if they have a register setup. The register is just the precursor for it all. Come back to this thread in a decade.Zero chance, better chance of winning the lottery, EU, unlike the US, the EU does not have the political and economic power to do so, even less so individual EU member states. The EU also does not need to do so. Various countries in the EU have state run businesses and can actually balance budgets if they reject cancerous US foreign policy that revolves around unequivocal support for Israel, perpetual war, and containment of Russia and China. There is no downside to EU citizenship; you get visa free travel to more places than most passports including US and also acquire the ability to live in the EU and Switzerland.
The EU is bad (opinions differ, but hard to disagree when you are an entrepreneur), EU passports definitely aren't
This misinformation is parroted on this forum commonly about the EU and even Switzerland. The fact is the EU is great, there are 185k UHNWIs and 440 billionaires with 2.2T EUR in assets, that doesn't include CH (the foremost capital for UHNWIs), UK, or RU which has many more billionaires and UHWNIs.
The reality is for one to avoid taxes one must have actual wealth versus a small salary and mobility due to having an online business. The majority here are looking for an easy way to avoid paying income taxes which simply doesn't exist. It requires complex structures and mobility far above just having an online business, such as having multiple homes and splitting time, being able to maintain complex structures, and earning a large portion of your income from investments versus salary.
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It doesn’t have to be complex and difficult to avoid income tax if you’re willing to move, ah? There are plenty of options for you to circulate around, stay in one place for 2-4 years, and avoid paying income tax before moving on, no problem.
When you get tired of it, usually you can bring your whole fortune tax-free into the country where you want to settle down, easy as that!
There are a few tax free places, UAE being one, but you can also reside in the UK tax free under FIG, Ireland, Spain, Italy, and various other places using non-dom, flat tax, or similar schemes. My point was the endless blather about the EU being bad are wholly untrue. EU is bliss, for those with the means, as is anywhere else.
"There is no downside to EU citizenship; ................" - have you been drinking ? How can you say such a false widespread comment of positivity.
Dare I say its good for all the incoming migrants as they have nothing to be confiscated and everything is provided for them..... as fo the rest, well yipeekayay, as promised by the silver haired convicted criminal, later this year all your Euri will become electronic - ie contriolled by the EU commission 'snouts in the trough' thieves ---- so 15 minute cities, (petrol rations) not permitted to buy meat (only insects), and cars, oh yes did you really want to buy a battery car ? (no more 'gaz guzzlin' V8s for you) - Oh Yes --- DISTOPIA is just around the corner for EU CITIZENS!!!!!!!
Why so mean? Can we keep it a bit civil, please?
The EU countries are still to independent and weak to just and enforce global taxation of their citizens. What comes in future is unknown. Maybe, they will go down completely, maybe they will be powerful. In any case, it is up to each one here too draw his own conclusion and decide for himself if the offer of the EU countries is more appealing than offers from other countries and move there. We still have a free market and you as an actor of a free market should choose the best offer for the free market to function.
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