Comments by "dlukton" (@dlukton) on "RUMOR: Europe's New Citizenship Program" video.

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  2. What may “work” is spending 183 days (or more) in a TTC (territorial tax country). So, you would (a) set up a corporation in a country that imposes no taxes on corporations; (b) you would establish a forex account in the name of the corporation; and… (c) you would pay yourself a “salary” every year. You would then have to pay payroll tax on that “salary”; but the salary that you pay yourself would be… or could be… substantially less than the capital gains of your “corporation”. Of course, you’ve got to have a bank account also that will act as a conduit between yourself and the corporation. What could potentially go “wrong” here is that the government of the TTC (of which you are a resident) could potentially say that since all of the “work” is being done by you… and only you… within the TTC, you’ll have to pay taxes on 100% of the profits of the corporation… even though the corporation is located in another country. (They could revoke your residence permit if they’re unhappy with you). And so, depending on which TTC you choose to live in, the issue will become, not only that of what the official laws are... but also… the enforcement of those laws. My guess is that you could set up a corporation in, e.g., the Virgin Islands, and then find some guy there who is willing to claim (for a small fee) that he’s the guy doing the transactions, and then the government of the TTC would let it go at that. Ultimately, however, you’ll have to consult with a tax expert to be sure.
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