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StGlen
Nomad Capitalist
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Comments by "StGlen" (@Learned333) on "Six Countries to Pay 0% Tax In Latin America" video.
From the documentaries I've watched, the DR is very harsh with Haiti, so not very porous.
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@glo8778 False propaganda. The U.S. is a sovereign nation with a constitution. And W8-BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting) is not for U.S. citizens, and only for interest, dividend and royalties. You are not exempt from income taxes, and claiming you don't pay taxes is promoting tax evasion.
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Why? Countries always get better when you put in morality, rule of law, lower taxes, lower spending, less corruption... that's going right. These are all the things to 🙏prayer for, correct?
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So Mexico: Still a tax trap. Got it.
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It's not even near ruined like some leftist countries for sure. The government change is good news though.
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Basically up to 25% personal income tax and 25% business tax, so not a low tax place.
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Bad taxes there: up to 35% personal income tax, non-territorial so your worldwide income gets hit too. Capital Gains is also considered personal income. 25% business tax. They're installing a wealth tax for wealthier people on their worldwide assets. 5% to 35% inheritance taxes. There's an 5% Exit Tax if your try to transfer money out of Ecuador. On top of the that charge 12% national sales tax on everything (VAT). It's bad. Definitely not a qualifier for this video.
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You would only pay the 10% business tax on your profit from Paraguay clients. Everything else is tax free.
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Uruguay is a good choice.
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