Some alarming recent news:
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Change in Italy Flat Tax and Swiss tax proposal
- Thread starter pomegranate
- Start date
General tendency in coordinated fiscal policitcs between countries is alarming. Fiscal flexibility is changing rapidly for any person. Beside, there are those idealists that will break the whole system
These particular news aren't describing anything already not known. Italian government simply imposed a higher flat tax for "income earned abroad by wealthy individuals who transfered their tax residence to Italy". In another news, Swiss climate and social extremists youth provoked a national referendum for imposing 50% inheritance tax.
The public finances in Europe are in bad condition. This will escalate in years to come.
The US and Asia will have a benefit from these idealists and socialists.
Italian government must obey to Ursula, and is so happy to do so!
Italy:
Italy:
At this point there is no advantage whatsoever. Monaco becomes much more convenient. >100k
For example, there are some sentences with residents in Monaco with children at school in Italy, and they managed not to have their residency contested.
What benefit would there be in paying 200k a year?
For example, there are some sentences with residents in Monaco with children at school in Italy, and they managed not to have their residency contested.
What benefit would there be in paying 200k a year?
the eudssr (aka united green republics of Ursulandia) moving in to their final kill. Slowly but surely.
They also ganged up on Monaco since this year (with the fatf list).
They also ganged up on Monaco since this year (with the fatf list).
The real question is - why live full time in Europe ?
I have a friend with a beachfront home in Ostend / just seen the videos of Ostend beach - reminded me of Zanzibar lakes
I have a friend with a beachfront home in Ostend / just seen the videos of Ostend beach - reminded me of Zanzibar lakes
Well, I believe UHNW like the lifestyle in Europe, from a business point of view I believe it also helps quite a bit
Cool. Have you been to Africa and talked to locals? Did you find much rich? Why not?
- It really is hard to make money. Infrastructure is subpar. You can spend 7 days in Lagos trying to meet 7 good friends, it simply won't happen due to flooding, people being in hospitals, etc. Most ATMs are empty and foreign debit cards are only accepted at bigger hotels and grocery stores. How can you do business like that?
- Corruption is everywhere and further making your venture difficult.
- Let's imagine you are a local business women and are successful. Do you know what will happen? All you most distant relatives will come and ask for their share. Like when you hunted an elephant, it is normal to share before the food gets moulded.
- Ok and if you still have something left? Why would you want to live in a city where you need a police escort to drive, a 3m wall and 8 guards to protect your home and when you go eat, the food costs like in Switzerland?
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