Andrew's Tate Zero Taxe Advice. (Works in UK and USA !???)

[HardRJones]

It’s the ones who don’t tell you they applied for the CIA who you need to watch out for, since the CIA on its website discourages applicants from telling anyone they applied.

 

[wellington]

I’m still flummoxed on all of this.

Business was a Romanian microcap
They used Stripe/other and deposited into their UK personal account / crypto account.

Tax evasion happened in Romania - not the UK, the UK argues because they are British and used their personal accounts and didn’t declare it in Romania it is therefore tax evasion in the UK, which is utterly ridiculous

1) using personal accounts for commercial uses although advised against isn’t illegal and as long as accountable is acceptable - I.e don’t co-mingle personal and commercial expenditure or funds.

2) crypto accounts for commercial entities in the era they were charged didn’t exist

3) just because they didn’t file accounts accounting for these sums doesn’t give the UK jurisdiction, Romania has the right to peruse for tax evasion.

Where I see they fucked up.

1) should have established a offshore entity (Seychelles etc)

2) should have hired a nominee director or local director

3) should have established themselves in a territorial tax based nation.

4) in that era they could have opted for nonCRS nations easily.

5) commercial or personal accounts wouldn’t make a difference.

They fucked up by thinking Romania was corrupt (it is) - in that era the banks also were very loose… - they created a target for themselves in the UK unrelated to their businesses but being brazen in their attitude and going against the system/establishment.

They were in the US but that’s only a reprieve they still need to return to Romania and a great deal of their assets if they can’t liquidated will be forfeited - their assets can’t simply be shielded by transferring as they are red-hot.

The UK won’t back down as they want them silenced like that Tommy Robinson lad.

One thing/area that has surprised me is how the UK haven’t already revoked their citizenship - they’ve done it for less to less noisy people - also does the UK have the right to reject passport renewals of non residents for tax matters - as that’s another area they could hit them.

 

[Aetherial]

Years before Andrew became world famous he was a well known niche Twitter user (with, I believe, 50k followers at the time) and as I spent a few months in Bucharest I happened to have met him (randomly) at one of Romania's biggest clubs. I joined him visiting a beach club in Constanța the following day. Being a foreigner living in Romania was still somewhat of an exotic thing to do at the time and he was getting more known by the day. I was both amused and a bit worried (as I like to be anonymous) seeing myself standing with him on the front of a local newspaper the day after that. Andrew, and his brother, are friendly, welcoming, and quite calm in person. I must add they exaggerate their wealth enormously, but that's part of their gimmick and persona. And thus most likely their capability to evade taxes were quite limited (at the time). It doesn't seem unlikely they overplayed their hand by setting up a construction that doesn't work by living in Romania as a permanent resident. They were still involved in the cam business at the time and seemed very carefree to me, it seems Romania had no problem whatsoever facilitating the financial construction they had at the time. But that all got destroyed with the governments breathing down their necks years later.