Comments by "Jeremy Barlow" (@jeremybarlow2291) on "Three European Countries With Non-Dom Tax Regimes" video.

  1. The Common Reporting Standard requires banks in nearly every country to report information to tax authorities in countries where you reside. The same way FATCA requires banks around the world to report all accounts and transactions of US citizens to the IRS. If you want to use SWIFT you comply with the rules of CRS and FATCA or your banks end up on the FAFT watchlist and your countries banks end up on the blacklist. Same holds true if you don't comply with KYC rules about properly identifying who owns and controls accounts in your banks.
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  2. Worldwide tax just like everyone else there.
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  3. The top tax rate kicks in earlier than the US, but it is 2% less than the top US rate. The corporate rate is 9% higher than the US federal rate and under Mexican law, a US corporation would be considered a tax haven domiciled corporation unless it had a state income tax, and then deductions might mean it's subject to CFC rules in Mexico still meaning you owe more tax in Mexico on corporate profits.
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