This is probably relevant to Britbongs but I suppose all Anglos really.
Why does no one talk about the Isle of Man? It has: >No capital gains tax >No wealth tax >No inheritance tax >0% corporate tax for non-banking businesses
They have small property taxes and income tax capped at 120,000 per year for unlimited income. They are also crypto friendly.
Anyone unironically gonna chill there for a year when cashing out their made it bags?
haven't they caught the Mad Manx Mog Mutilator yet? Cats need tales for balance, thats JUST sad - be forever falling out of trees and off roofs and shit
Ayden Martinez
Their Parliament is unironically held on the side of a hill. No roof, no building, you just plonk your arse down and get to it, rain, hail or shine
Xavier Thompson
Everyone should watch Mindhorn on Netflix, it was filmed there. Great movie.
Aaron Sanders
are you crazy have you been been there it is creepy af glows on every corner and infested with mason occult faggots
Andrew Jones
Tynwald hill? Yeah it's based. Jersey is also a good shout but I think you need certain amount of capital to be tax resident there while on Man you can just rock up and chill if you're a UK citizen.
They aren't in the EU, schengen zone or EEC. They are literally fucking based, they even have sane firearm laws. Our Olympic pistol team has to train there or NI cause the guns they use are illegal in England topkek
Jaxson Rogers
I know it's not EU, but how feasible is for EU citizens to set up a trust fund and/or relocate there?
Robert Clark
>I believe you have to have stayed there over a year before cashing out those free gains This is the same the world over for us bongs, As tax is paid on the previous year.
NOPE, Isle of Mann is not in the EU, stay in your containment zone!
You would need a resident, to do this! I have family friends there, they don't want he responsibility, can't blame them.
Matthew Martinez
Why don't you just move to a country without CFC regs or set up a trust in the BVI or (insert 0 tax island nation).
Isle of Mann is nothing special
Elijah Hughes
I think so. You can travel to UK or Ireland with no visa. Now you are in the common travel area which includes UK, channel islands, isle of man and ireland. There is no travel restrictions - it is like our version of a schengen. However you would need a work permit. This will not be the same after Brexit though
Ryder Myers
This is the same the world over for us bongs, As tax is paid on the previous year.
Is there a way of getting around that?
Connor Reyes
I won't let my tropical paradise where the age of consent is 14yo to a place where people are so retarded that they aren't capable of consenting to sex before the age of 16
Not without, 'breaking the law'. Even if you put the funds into a trust or similar, you would still be personally liable for the tax.
I personally don't think its worth it, once you are a non resident, you can come back for 6 months as the UK is a tax haven.
Look into get a first nation residence permit in panama, its can be had for $5k, you're going to need to prove you are not a resident getting a permanent residency & a place is the best way to solve the issue (Panama doesn't have CFC regs). You just need to show you live somewhere else & are liable to that tax system.
Don't know of anyone in the EU that doesn't have CFC regs...
But NO, there is NO way to legally get out of it, without committing fraud in the process
Zachary Brown
Fook off m8 we r full
Zachary Reyes
Sup pedo
Ian Perez
>14yo >pedo Westerners are weaklings, that's why Allah will wipe them all
Tyler Edwards
Ive been looking at the Isle of Man for a while. You need a job to live there, which sucks for NEETs who just wanna get rich off shitcoins like us.
Josiah Brooks
That's not too bad. Are you sure youre not thinking of Jersey? That's way more glowing.