Comments by "Marvin Fine" (@torontovoice1) on "Here’s PROOF Australia’s Taxes are Going Wild" video.

Actually your video wasn't dry. It was well done and you are quite animated. You should know though that Australia is not the only country that is doing this, there are others. And there will be more. That's why moving to countries that have the most tax treaties is going to be very important to many people going forward.
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I think you're going to see a lot of countries adopt this form of taxation. It's not enough to leave the country, you need to establish ties in another country generally that the country you're leaving from has a tax treaty with. So if you're going to go to Dubai or Panama Costa Rica and other territorial tax regimes that don't have tax treaties with many of the first world countries that have high taxes, unless you totally sever all your ties, I mean really literally everything, you're going to have a problem. I recall speaking to one guy who left Canada as I did and moved to a country that does not have a treaty with Canada. He told all his Banks all over the world that his tax residence was Canada. Just so happened that he was approached by one of his Banks and they asked him, why did you tell your bank you were a tax resident of Canada? He said because I moved to a third world country, and I'm a high net worth individual, and if I told my bank where I was living, they would likely share that information with my current tax residence, in which case my life would be in danger. Can you imagine a clerk and a third world country finding out that the poor unsuspecting guy living in their country has 50 million dollars in the bank. What do you think she's going to do? She's going to tell all her friends, because she had nothing else to talk about. I can just see it this gringo has 50 million. Eventually, this will end up getting to her boyfriend and who knows who else. He is now the right pickings for extortion. And in the third world countries, if you don't pay the bribe, they'll find drugs in your apartment, and off to jail. Now it's your word against the cops. Now you've done a deeper hole for yourself which is going to be harder to get out of. More people to pay off. That's why the first thing that I do when I consider where to go is I look at the corruption perception index. There's 180 some countries on there, anything that's more than 60, is concerning. When you're getting up to 80, even bigger problem. So on the top of the list it's probably Finland and Denmark the least corrupt. And on the bottom you might have Sudan, North Korea, and Nigeria. You can no longer live on an airplane or a boat
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Nothing has really changed other than the fact that you have to establish tax residency in another jurisdiction and be able to prove it. Most countries or many countries have much more simple tax jurisdiction issues. They Don't really Care where you go, as long as you don't have two or more ties in a particular country for example like a family and a home despite the number of days. Of course, you can save yourself much of this aggravation by going to a country that has a tax treaty with the country you're leaving. But I think what you're seeing with Australia you're going to see with many other countries. The oecd and prompted by the Democrats who want everyone in the world to pay their fair share as they say are going to start all kinds of initiatives to make sure that people will pay tax in a jurisdiction or don't enjoy the benefits of their jurisdiction without paying. You know it's interesting in Canada, there for a lot of families coming I won't mention the country name, but many of them move to Vancouver. The husband stayed away back in his home country making money, and the family lived in Vancouver. They bought nice houses for millions, cars, send their kids to school used the roads and all the other infrastructure of the country, and paid zero tax. I'm surprised Justin Trudeau hasn't clamped down on these people already. There are literally thousands of them. And they also drive up the price of Real estate making it unaffordable for locals which often have to move out of the province or certainly out of the area. The next thing you're going to hear, is that CRA is going to start doing deemed assessments on these people
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@coopsnz1 I think you're being silly. Corruption has to do with government officials on the take. Not how high taxes are. And they are really high, no doubt about it
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@zoricazorica5752 Well that is nothing new. Many high tax countries have very generous social programs where people can live off the door for years and work under the table. Many people also work for cash in which case they don't pay income tax nor do they pay vat. But most of the time these people are living from hand to mouth because you can't really make any real money unless you can show the money on the books. Then use the money to buy investments. Also, it's important to know that crime is correlated to social programs. There are exceptions of course. You're not going to get any social programs in Dubai. If you lose your job, hit the f**** road. If you're sick and you can't work, goodbye Charlie! So that's why you have a whole population that is Young and working day and night so that the ruler can enjoy the benefits of overcharging on every service that is required which he is the effective owner of. It's also beneficial that VoIP is blocked so you have to make phone calls through his telephone company at the alarming rates. But I don't know of any other country like that. They invite people to come, they kind of like treat you like are in a restaurant for example. They offer you food and you pay a fee and when you're finished dining thank you very much gentlemen have a nice day. So people are basically expendable. It's not that different than in Monaco for example where you have to renew your residence permit and you have to prove to them that you have 500,000 in the bank, I think that's yours but what's the difference. So if you have a bad year and you lose your bundle, you're f*****. You have to go back where you came from. You will not be a citizen there or in Dubai. Also in Dubai they have debtors prison. There are luxury cars strewn throughout the country where people bolted in a hurry for fear of getting incarcerated because they were unable to pay their debt.
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