Cyprus to publish ultimate beneficial owner list of its money offshore accounts

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This will soon be implemented in the entire EU, it starts with talk and⁤ a few years later it is how the world looks.
 
bad news bad news... not that it is unexpected, but it’s sad to see it‌ actually happening in front of our eyes
 
It's going to be worse for Cyprus, damn I'm missing the good old days, I‌ begin to understand why the UK got out of the EU!
 
Yup. Can't have one of the worlds biggest money laundering centers like UK‌ being part of a block trying to combat money laundering can we smi(&%.

Btw Cyprus‍ might witness an outflow of Ukrainian businesses that use the island to launder money, buy⁠ villas to get EU passport and then bugger of 🙁. Didn't Paul Manafort launder money⁤ through Cyprus shell companies from Ukrainians?..lol

An open register will reveal some interesting goings on⁣ in Cyprus ca#"!.
https://www.promoteukraine.org/what-business-do-ukrainians-hide-in-cyprus/
 
No, I think that actually EU is going to introduce EU tax residence so︁ it won’t matter if you move from one EU country to another.
 
you are right, they are already︁ working on it 🙁
https://ted.europa.eu/udl?uri=TED:NOTICE:358265-2021:TEXT:EN:HTML&tabId=1
to quote
"Belgium-Brussels: Feasibility Study for a European Asset Registry︂ in the Context of the Fight Against AML and Tax Evasion

Short description:

Collection of︃ data and interconnection of registers is a key instrument under EU law to speed up︄ access for competent authorities to financial information and facilitate cross-border cooperation. This project shall look︅ into various possibilities for collecting information to set up an asset registry which may afterwards︆ feed into a future policy initiative. It shall aim at exploring how to collect and︇ link information available from various sources on asset ownership (e.g. land registries, company registers, trusts︈ and foundations registers, central depositories of securities ownership, etc.) and analyse the design, scope, and︉ challenges for such a Union asset registry. The possibility to include in the registry︊ data related to the ownership of other assets such as cryptocurrencies, works of art, real︋ estate, and gold, shall also be considered."

it's really the time to get the︌ f**k out of the EU indeed, to think that this is what the EU have︍ become, an orwellian nightmare, what a fucking tragedy.
 
Yup thats scary.

Imagine a government knowing everything you own, and after cash is gone,‌ everything you buy and sell..that's not freedom is it?

Another thing that will happen in‍ EU is they will not allow people to post in public forums like this without⁠ having their identity verified. They will want to know your complete social media footprint. They⁤ will use the excuse of cyber bullying and prevention of malicious/offensive comments being posted online⁣ etc but the reality is to crush decent of the system.

Welcome to the future⁢ where not only do they want to know what you own but soon what you︀ think and say in private encrypted messages via a backdoor open to the state aka︁ law enforcement ca#"!. So expect in future a social media law governing posting in public︂ spaces where it requires the company facilitating this to collect personal identifying information so they︃ can track you down.

P.S As always get out of the EU while you still︄ can.
 
let's hope it will take some years..⁣ I don't believe it will be in the near future.

If it should be I⁢ will offer free identity to everyone 😀
 
The sort of stuff coming to the EU isnt gonna stop at the EU though‌ so unsure where many will run to. USA passed the corporate transparency act which is‍ set to go into effect by next year and creates domestic reporting to FinCen for⁠ all corporate entitles with the same level of penalties as offshore FinCen reporting. Average American⁤ already has a tighter noose around their neck than EU citizens do thanks to FATCA⁣ and the aggression of the IRS. With how crazy Australia is about covid doubt there⁢ not gonna be as bad or worse then EU financial regulations in the future.

Reality is the statement to "get out of the EU" shouldn't be said. It should be︀ said to "GET OUT OF THE WEST". Leaving Germany for the US will not solve︁ the issue in fact it will make it worse lol. Canada is talking citizen based︂ taxation just like the USA. USA, CA, EU, NZ, AU are all heading in the︃ same direction in terms of financial privacy and property rights. Your best bet is to︄ get the hell out of the west and renounce western citizenships for perhaps a passport︅ from Asia, Caribbean, Middle East. Live in Dubai or a third world country that cannot︆ properly enforce their own tax laws. It'll be a goal of the west though to︇ ruin UAE in the coming time. Cant be having Americans, Germans, Canadians leaving their tax︈ farm and renouncing and living tax free in Dubai.
 
Considering the rhetoric out of the USA related︄ to "Domestic Terrorism" and that if your banned on one social media platform you should︅ be banned on all of them from the white house. I'd argue the USA is︆ headed in the same direction. America just will lag behind the curve. It'll come to︇ EU first but it'll come to USA in no time either. Younger generation loves government︈ in USA.
 
I do agree with you.

could be more true,⁣ sorry @Martin Everson

I believe you are right, for now there are a few countries⁢ left where you could hide and setup your tax free business, however, within the next︀ 10 years I personally believe there is only Russia left that will have a free︁ zone for people seeking tax freedom, they will face other difficulties then I believe, no︂ one can get anything for free from Putin.
 
Not gonna argue‌ with "get out of the west" when I did exactly that years ago thu&¤#. Just‍ the noose tigthens quicker in some parts of the world than in others.
 
Indeed, go to a third world country where they have bigger fish to fry than‌ enforcing tax laws on foreigners and dont have the capacity to enforce. But no too‍ 3rd world that you risk being killed going for a beer around the corner.
 
Yeah, they already want to do this in the US via laws like anti-encryption bill (they are not even shying away from the name lol) and the EARN IT act. The⁣ EU is already headed the same dark road, In December 2020, The Council of the⁢ European Union released a five-page resolution that called for the EU to pass new rules︀ to govern the use of end-to-end encryption in Europe. it's a direct attack on encryption︁ (sources 1,2)
Australia already has a law like that, and the results︂ are catastrophic, so yeah Australians are royally fucked.

So, I agree with @Vor on this one, you have to get out of the west altogether while you still can,︃ otherwise don't blame anybody but yourself.
 
Damn eek¤%&

I don't claim to be Nostradamus but damn a whole load of privacy about‌ to be gone.
 
Unironically setup shop in Afghanistan. They‍ will gladly welcome investment in properly rebuilding their country. Not to mention they’re sitting on⁠ some $1 trillion worth of resources.
The west will never dare go there for the⁤ filthy peasants that ran from their tax farm 🙂
Checkmate
 
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