Customer or Victim? You Decide
For some, to move countries may seem radical. But it may be the only option to get extricate yourself from the ‘customer’ lists of these organisations.
It always amuses me when tax authorities like the IRS and HMRC refer to their victims as customers. I mean, they have no sense of irony. How can you be a customer of the IRS? It’s not exactly voluntary.
It’s like John Dillinger saying that the banks he robbed were his clients.
Ask them to remove you from their ‘customer’ list and see how that goes!
The best way to get off the ‘customer’ list of these organisations is to move countries. Even Americans can save a massive amount in taxes if they move countries. (The US is one of the few countries in the world to have citizenship based taxation)
The second best way is to structure your business in such a way that there’s very little tax liability in your own country. And very few assets available there to seize.
This has the added effect of keeping your money and your assets safe from arbitrary seizure.
Hazard Warning Signals are Flashing Everywhere
The signs are all around us that the world is entering dangerous times. Inflation is the highest it’s been in decades. Censorship is increasing. Strange ideologies are rising. Asset prices are falling.
The western world and the English speaking countries seem to be suffering more than most.
It was indisputable that the US, the UK, Canada and Australia were the best countries in the world to live up until the 1990s, that’s no longer the case. And it’s changing rapidly. As the economic and cultural decline gathers pace it’s likely to become more difficult to leave countries that were previously considered amongst the most free in the world.
A Second Passport is Essential for Maximum Freedom
Everyone should at least consider getting a second residency and working towards a second citizenship. It’s perhaps the best kind of ‘insurance’ you can get. It could even save your life one day. You’d have somewhere to go if life ever became intolerable where you live now. It needn’t cost much either. Every country has a citizenship by naturalisation programme.
Passports from top quality countries are available in as little as 2 years. There are multiple methods that people use to obtain second citizenships. It’s possible to get top notch European passports in at least 2 countries without ever having to live there.
Citizenship based taxation could easily become a reality in other countries in the not too distant future.
Exchange controls could also become a reality. This would make it difficult to get your money out of the country. It makes perfect sense to start the process of getting a second residency and citizenship. It’s also worth having at least some of your assets safely located in another country.
The Ultimate Insurance Policy
Imagine how free and secure you’d feel knowing that you have a safe haven to go to whenever you want. You have money in a safe place. No single government can control your movement or freeze your assets.
This can all be achieved by doing a little work in advance.
It’s possible to do it all by yourself without expensive advisers if you choose. Or you can outsource it to someone else so that you can focus your efforts elsewhere.
Second Passport Blueprint shows you exactly what you need to do to get this back up plan in place.
It may well be one of the most important things you do in 2023.