Comments by "Matthew Nirenberg" (@matthewnirenberg) on "How to Offshore Your Business and Cut Taxes by Up to 100%" video.

  1. Part of the problem for those trying to leave high tax countries but who aren't rich is that those high tax countries will basically only let you leave the system by going to another high tax country. Take Australia as an example, if you move to France where the taxes are higher, then Australia will let you leave the tax system. If you moved to Georgia where the taxes are lower, the ATO would force you to pay the difference in tax rates to them as they'd claim you're only temporarily overseas because they claim you're trying to exploit tax rates and not actually leaving Australia (due to their automatic belief that you 'intend to return'). That's how desperate for tax revenue Australia is and how insane they are because they think that high taxes and taking from those who earn well is 'normal and right'. I find that attitude that Australia has to be sickening and disgusting as I believe that you should be allowed to keep what you earn and that wealth shouldn't be taxed (wealth taxes coming very soon to Australia). Given that most DTA's Australia had are now gone, the only option is to go to a higher tax country to get out of the system, then spend 3-5yrs in that even higher tax country (to avoid being pulled automatically back into the Australian system, and to be considered properly in the higher tax country's system), then leave its system and finally move to where you can thrive. Due to the double move it becomes financially impossible for most - this is why its the rich and retired who can leave Australia, not the young who are wanting to get businesses going and succeed. Canada isn't much different.
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