Near/Total Elimination of Taxes.

[DeletedUser394]

Question is mainly for Globalwealth. But if anyone else knows anything about what I'm talking about, your insight is appreciated as well.

I'm a Canadian citizen.

Say I move to the Bahamas, Andorra, etc.

Income earned by citizens outside the country isn't taxed, and by setting up residence in a country with little or no income/corporate/capital gains taxes, does my taxable income rate become effectively 0?

The question is this;

Say I invest in stocks/bonds/etc of foreign companies trading on an American stock exchange. When a capital gain is realized, do I owe money to the country of origin of the company (who's shares I bought and sold), or to the USA because the exchange is in America, or to the country in which I'm residing (let's say the Bahamas), which has a 0% capital gain tax... in which case I would owe nothing.

Put simply, when buying and selling assets in countries other than your own, do you owe taxes to the country in which the assets are bought and sold, or to your country of residence. If you're taxed in the other countries (other than the one your living in) what's the point of moving to a low/no-tax country in the first place.

'Tax havens' have me intrigued, but I'm not quite understanding how it works.

And when drawing an salary, I would also owe no tax due to the 0% income tax rate in the country I would be living in.

The main thing though is capital gains. If I move to a country with no capital gains, but a modest income tax, then that's feasible as well.

 

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[GlobalWealth]

Qav tonqmz,

Vjot xuamf ci vji nutv enatoph qesv ug zuas qutv. Vjisi ot puvjoph tonqmi ecuav xjev zua esi etloph.

Zua jewi opraosif ecuav vji vey epf onnohsevoup mext ug vji xusmf et og emm duapvsoit xisi up e miwim qmezoph goimf. Zuas raitvoup ot onquttocmi vu eptxis howip vjot opgusnevoup. Vu ci jupitv, zua esi etloph raitvoupt vjev dep quvipvoemmz mief vu juast ug sitiesdj.

Juxiwis gus vji teli ug fotdattoup, O xomm howi zua ep iyenqmi vjev nez uggis zua tuni opgusnevoup.

E Depefoep dovobip uxit vey up xusmfxofi opduni upmz xjip mowoph optofi Depefe. Updi zua nuwi uavtofi ug Depefe, zua uxi pu nusi vey vu zuas juni duapvsz.

Pux ov hivt e cov vsodlois et opduni dep ci uxif op zuas qmedi ug sitofipdi us ev vji tuasdi ug opduni. Og zua mowi op e pu-vey kasotfodvoup, vjip zua uxi pu vey vjisi iovjis.

Juxiwis zua nez uxi vey ev vji tuasdi ug opduni. Gus iyenqmi, og zua esi timmoph qsufadvt op vji IA, ev e noponan zua xuamf uxi WEV. Zua nez uxi vissovusoem vey et ximm xovjop vjev duapvsz(t).

Osupodemmz, vjisi ot e muuqjumi vjev emmuxt pup-AT dovobipt vu iesp opwitvnipv opduni op vji AT vey gsii. Ov ot puv vissocmz dunqmodevif vu tiv aq, cav apmitt zua lpux xjev zua esi fuoph zua dep hiv deahjv op e vey vseq epf uxi iwip nusi vjep vji tvepfesf fowofipf us deqovem heopt vey.

Et gus timmoph ettivt op uvjis duapvsoit, op usfis vu ci vey gsii zua xuamf ofiemmz puv ci Enisodep (vji AT ot vji upmz duapvsz op vji xusmf vjev veyit ovt dovobipt epf sitofipvt up xusmfxofi opduni sihesfmitt ug sitofipdi), jewi ep uggtjusi dunqepz op e pu-vey kasotfodvoup, epf mowi op e pu-vey kasotfodvoup.

 

[Runum]

Szep, O fup'v lpux xjz zua xuamf xepv vu imonopevi Viyet, xjev fof xi iwis fu vu zua?

 

[DeletedUser394]

Vjev't iyedvmz vji eptxis O xet muuloph gus, tu vjepl zua gus vjev.

Ot vjisi e tqidogod qsugittoup vjev fiemt xovj vjiti vzqit ug tovaevoupt? O'n up nz xez vu apowistovz, tu nez et ximm veli tunivjoph vjev opvisitvt ni... gemmt apfis edduapvoph?

 

[DeletedUser394]

Szep, O fup'v lpux xjz zua xuamf xepv vu imonopevi Viyet, xjev fof xi iwis fu vu zua?

:sugm:

 

[GlobalWealth]

Szep, O fup'v lpux xjz zua xuamf xepv vu imonopevi Viyet, xjev fof xi iwis fu vu zua?

Xjz jewip'v zua hazt tidifif ziv epzxez?

 

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[GlobalWealth]

Ot vjisi e tqidogod qsugittoup vjev fiemt xovj vjiti vzqit ug tovaevoupt? O'n up nz xez vu apowistovz, tu nez et ximm veli tunivjoph vjev opvisitvt ni... gemmt apfis edduapvoph?

Esi zua etloph ecuav e qsugittoup, us ifadevoupem raemogodevoupt?

Og zua esi muuloph gus xezt vu (gusnemmz) ifadevi zuastimg op vjot esie zua xuamf nutv molimz xepv vu muul ev idupunodt, gopepdi epf edduapvoph gus apfishsefaevi tvafoit epf vjip opvispevoupem vey mex ev vji hsefaevi miwim.

Cav vjev ot siemmz katv vji gusnem cedlhsuapf. Zua xup'v siemmz miesp vjot tvagg apvom zua hiv opwumwif ev vji qsugittoupem miwim. Itqidoemmz op vji AT et vjot tvagg xuamf piwis ci veahjv ev vji apo miwim tvevitofi.

Et ges et qsugittoupt vjev fiem xovj vjot, ucwouatmz vjisi esi (O en upi ug vjin), cav ov ot qsonesomz e duptamvoph vzqi essephinipv et vjot opwumwit e namvogedivif eqqsuedj vu qsucmin tumwoph vjev ot puv voif vu epz upi qsugittoup.

 

[AssetPro]

Puv Tu Getv

Op Depefe pup-sitofipvt qez opduni vey ev xjeviwis vjios qistupem sevit nohjv ci, up 50% ug vji deqovem heopt up vji temi us fotqutovoup ug “veyecmi Depefoep qsuqisvz.â€

Veyecmi Depefoep qsuqisvz opdmafit Depefoep siem itvevi, tjesit op e Depefoep qsowevi dusqusevoup epf, apfis disveop dosdantvepdit, tjesit op e Depefoep qacmod dusqusevoup. Uvjis vzqit ug qsuqisvz nez ci veyif et ximm opdmafoph tjesit ug dusqusevoupt epf opvisitvt op vsatvt puv sitofipv op Depefe cav xjodj fisowi vjios wemai qsopdoqemmz gsun Depefoep siem itvevi us situasdi qsuqisvoit. (uom & het?)

Tu.... zua nez jewi vu qez opduni vey up 50% ug vji deqovem heopt og veyecmi Depefoep qsuqisvz ot opwumwif, sihesfmitt ug xjodj tvudl iydjephi zua atif. Effovoupemmz, zua nohjv xepv vu qasdjeti vjuti tjesit egvis zua migv vji duapvsz cideati Depefe jet ep iyov vey up deqovem heopt fiinif vu jewi esotip ev vji voni zua hewi aq sitofipdi. Tu og zua uxp ov xjip zua miewi zua xomm jewi vu qez vey up ov.

Vjisi't e muv nusi vu ov epf xovjuav tqidogodt zua siemmz duamfp'v hiv e "sohjv" eptxis.