How It Ticks Tax Efficiency Across Borders: Insights from a Global Expert
Aug 19, 2024
Maarten, an international tax specialist with a rich background in managing tax affairs for wealthy individuals and multinationals, shares his expertise on global tax strategies. He unravels how the ultra-wealthy often pay lower taxes and explores why countries like Switzerland attract businesses with lucrative tax rates. The discussion touches on ethical issues of tax competition, the impact of technology on tax strategies, and insights into the role of tax havens like Liechtenstein. Expect revelations about navigating the complex world of international taxation in today's economy.
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Why Wealthy Pay Less Tax
- Wealthy people often pay lower tax percentages due to system design and better planning opportunities.
- Countries compete by offering tax advantages to attract wealthy individuals and foreign investments.
Citizens Taxed More Than Foreigners
- Countries often tax citizens more than foreigners to attract foreign wealth and investment.
- This policy can cause controversy when locals see foreigners paying less tax.
Plan Around Residency and Passport
- Assess if restructuring activities or wealth across borders can reduce tax without relocating.
- Evaluate passport country rules and residency to avoid scrutiny by domestic tax authorities.