Moving to Spain with Family and concerned about Wealth Tax

[Martin Everson]

It's unpatriotic to not allow yourself to be robbed by the government?ns2

These youtubers did the right thing and moved if they don't like the tax system in‍ Spain thu&¤#.

Note to Spanish government:

Introduce a 30 year guaranteed resident non-domicile program with⁠ tax free Capital gains remittance into Spain and half the worlds elite, UK non-doms and⁤ affluent will be in Marbella the following Monday. The boast to your economy will be⁣ significant. There will also be no public services drain from these new comers as they⁢ are net contributors via indirect tax on their local consumption of goods and services. You︀ would also undermine Gibraltars Category 2 residency program as a bonus 😉.

 

[Golden Fleece]

There are now apps by which you can track the amount of time that you⁤ spend in each country every year.

 

[JackAlabama]

Sounds good. Add selling of a limited number of passports / citizenships per year︂ in an auction system / bidding and you undermine Malta as well. The new citizens︃ can choose to either vote or be part of that new resident non-dom program.

 

[JimBeam]

Have you considered Portugal... They have some special 10 year regime

 

[Txaxandlxaxwxyxexr]

Hi. Could you‍ name a few of these apps?

 

[Martin Everson]

Google Android and Apple IOS itself or just install Revolt and enable location services smi(&%

 

[Golden Fleece]

There are quite a few. Use Google to locate them. This is just one example:

http://www.trackingdays.com/

Many are made for more comprehensive tax purposes:

https://brighttax.com/blog/brightta...ake-filing-us-expat-taxes-easier-on-the-move/
https://www.taxesforexpats.com/arti...or-us-pilots-flying-international-routes.html

 

[saintjohnny]

The problem is that they want the exact opposite. They want (need) people starving︀ on the streets to sustain their neo-feudal fascist state. And people still vote and will︁ keep voting in favor of hunger and poverty. My fellow countrymen drink beer at 12︂ PM. Anything remotely intellectual, like using common sense, is of great pain. Spain has no︃ future. It never had one.

 

[JackAlabama]

Sadly I have to agree to⁣ this as I know Spain pretty well.
I also know many Spanish trying hard to⁢ make a living and working hard but it seems to bear no fruit in Spain.︀ Intellectual is surely not the game in town and those who are very capable I︁ met them in places like Dubai, Singapore, Hong Kong etc. where working and effort pays.︂

 

[Martin Everson]

Damn this all sounds depressing for Spain 🙁.

 

[manukahoney]

The same is valid for the UK, Italy and many other European countries. Including Germany‌ and France. Just ask any IT entrepreneur where they would rather be.

 

[JackAlabama]

Sadly. No wonder with their communist gov there. It is the same bureaucracy like in latam,‌ but with the difference that many (most?) people want to try it seriously which is‍ an effing joke. Also the absolutely very first thing they require you to do is⁠ basically getting a tax id lol.

I invested in a small venture in Spains tourism⁤ sector, luckily a small sum for me, but anyone can guess how much that dropped.⁣ Had we received bids on a somewhat regular basis, it went bidless now.

The worst⁢ however is all the people dependent on the tourist sector. They are not able to︀ find something else easily when already some basic English is a challenge.

 

[saintjohnny]

That is true to a certain extent but I think Spain's case is‍ the worst out of all. Spanish culture vilifies success, prosperity, entrepreneurship, and intellect... and it⁠ glorifies crippling taxation and birthrights.

It's a herd mentality that crashes to a wall every⁤ few 50 years or so. Then the lack of self-awareness impedes any growth opportunity from⁣ the previous failure... because nothing is ever their fault. It's a family-clan-herd mentality and a⁢ culture tailored for failure. At least in the UK people are a bit pro-business and︀ individualistic to some extent.

 

[JackAlabama]

And now in their infinite wisdom in 2020︀ they killed their best advantage.
Food, eating out and fiesta aka party non stop.

 

[Golden Fleece]

It sounds just like a certain minority group in the U.S.⁤ It is interesting how similar actions lead to similar results.

 

[JackAlabama]

I have quite a bittersweet relationship with Spain.︀
Success you can just have as soccer player and reggaeton superstar. Whose lyrics actually help︁ you conveying your thoughs to your typical local there. 😉

 

[espresso]

it sounds like quite a high price for beautiful landscapes, all-year sunshine, beaches, and party‌ all day

but I would be tempted still 🙂

 

[JackAlabama]

lol sure.‍ Me too.
But around Barcelona, restaurants closed at 4.30pm and no parties. I heard Madrid⁠ is somewhat more chill.

 

[espresso]

and how about Ibiza?‍ Parties are an industry there 🙂

 

[JackAlabama]

I dont know that atm. Mallorca is the same bascially, but I heard the communist party‌ there killed it and almost a thrid now lives in poverty.
I just read that‍ in newspaper, no idea if it is true or not.