European Commission calls to axe investor citizenship schemes with immediate effect
- Thread starter Martin Everson
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EU warns Ireland's golden visa is vulnerable to tax abuse, mainly one nationality
Ireland's visa-for-investment scheme was highlighted by a new European Parliament report as excessively vulnerable to abuse such as opening the door as a vehicle to facilitate tax avoidance.
An EPRS study estimated that, between 2011 and 2019, over 132 000 people secured residence or citizenship in EU Member States via CBI or RBI schemes.
Over the same period, the total investment inflow from these schemes was estimated to be at least €21.4bn. Non-EU countries with visa-free travel to the EU also offer and promote CBI with the bonus of such visa-free travel.︀
https://www.internationalinvestment...-visa-vulnerable-tax-abuse-mainly-nationality
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Malta is resisting the EU pressure to stop its CBI program. They may join Hungary and Poland in resisting against the EU's continuing interference with the sovereign rights of its members.
https://www.msn.com/en-us/news/worl...sedgntp&cvid=b7ff86f7702a42cf9d9339a65ded8e1a
https://www.msn.com/en-us/news/worl...sedgntp&cvid=b7ff86f7702a42cf9d9339a65ded8e1a
I mean, can anyone blame them?
The constant push for tax harmonisation, incoming regs on gaming and financial services (grey areas that EU didn't regulate in the past, that Malta leveraged), and it's a island with god-level transportation costs - so expansion into mainland EU is a no go... how the hell are they supposed to grow their economy?
Expansion into Africa/Middle east might be the only way forward; or trying to mess with other grey-areas until the EU brings down the︀ hammer.
The constant push for tax harmonisation, incoming regs on gaming and financial services (grey areas that EU didn't regulate in the past, that Malta leveraged), and it's a island with god-level transportation costs - so expansion into mainland EU is a no go... how the hell are they supposed to grow their economy?
Expansion into Africa/Middle east might be the only way forward; or trying to mess with other grey-areas until the EU brings down the︀ hammer.
Good on Malta thu&¤#. EU does not want to stop with CBI they want to go after non-dom schemes in EU. EU even last year labelled Greece's and Italy's non-dom schemes harmful tax practices 😕. Thats why I would avoid both schemes. They could be cancelled at any point sadly.
https://www.ekathimerini.com/econom...rvatory-says-greek-non-dom-system-is-harmful/
EU Tax Observatory says Greek non-dom system is ‘harmful’
https://www.ekathimerini.com/econom...rvatory-says-greek-non-dom-system-is-harmful/
They all knew what they were signing up to:
Command centre of the EU is Berlin. History tells it all!
Command centre of the EU is Berlin. History tells it all!
You got their end goal. Greece, Italy and pretty much every other Eastern European country will have to stay on their knees and be the source of cheap labour and goods for the more industrialized western EU nations.
Yup we should learn from history. Seems it may also be military command centre 😉.
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Germany is ready to provide the core of the EU's new rapid reaction force in 2025, the year it is meant to become fully operational, Defence Minister Christine Lambrecht said in Brussels.
https://www.reuters.com/world/europ...core-eu-quick-reaction-force-2025-2022-03-21/
Yup we should learn from history. Seems it may also be military command centre 😉.
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EU to establish rapid reaction force with up to 5,000 troops
Germany is ready to provide the core of the EU's new rapid reaction force in 2025, the year it is meant to become fully operational, Defence Minister Christine Lambrecht said in Brussels.
https://www.reuters.com/world/europ...core-eu-quick-reaction-force-2025-2022-03-21/
A good article summarizing EU legal actions against the CBI programs of Cyprus, Bulagria, and Malta:
https://europeansting.com/2022/04/0...roceeds-with-infringement-case-against-malta/
https://europeansting.com/2022/04/0...roceeds-with-infringement-case-against-malta/
This article shows once again the ignorance of the EU and it's Bruxelles bureaucrats:
- "Every person that holds the nationality of an EU Member State is at the same time an EU citizen. EU citizenship automatically gives the right to free movement, access to the EU internal market, and the right to vote and be elected in European and local elections" -> Wrong! Many EU-countries prohibit their own citizens from participating in local and national elections when they are not︀ a permanent resident in that country.
- "European values are not for sale": What are︁ these values 🙄
If you read the old constitution of the Soviet Union, without knowing anything else about the place, you would have wanted to live there too. Socialists are the same everywhere. The difference is only in degrees.
Well, you have had since 1984, when St. Kitts and Nevis began the first CBI program. Tax maximization and enforcement laws are now growing exponentially (much like technology) because social welfare states are quickly approaching bankruptcy. The need for defense spending will only make things worse. So, if you want a CBI passport, now is the time to act -- before it is too late.
In Canada many provinces are already going forward with a digital ID that centralizes every information about you, from your vaccination status to your education. It will become the norm to open a bank account or even rent an apartment. Either you're part of the grid where they know absolutely everything about your activities or you'll be homeless real quick is their goal.
Right before they bring digital wallets and the digital dollar where they can basically know your︀ every spending habit without passing through a court order, and would enable them to freeze︁ your assets at will the moment you do something they dislike, like criticize the government︂ online.
Right before they bring digital wallets and the digital dollar where they can basically know your︀ every spending habit without passing through a court order, and would enable them to freeze︁ your assets at will the moment you do something they dislike, like criticize the government︂ online.
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