How to Avoid CRS - 3 Options as of 2019 - 2025
- Thread starter Tax Cow
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i use north cyprus last 3 years no problem at all, any not so many other options on the table
if any i would like to ear about that
if any i would like to ear about that
why not, if I'm not tax residence or I'm tax residence in Somalia they won't hurt me at all?
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CRS is about the address you give. You can't tell a bank “I live in a tent somewhere, I have no fixed address.”
You need to give them an address, and that's where the data will be reported, if that country has implemented CRS.
Sure, you can give them an address in Somalia, but that has nothing to do with being a nomad. So you can't avoid CRS simply by being a nomad. Probably CRS won't have negative consequences for you, correct, but then you're still not avoiding CRS, just avoiding the consequences of CRS.
At least in HK the ones under the MSO license doesn't report to CRS
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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams
This is really bad. Any way to avoid this? Or just best idea to use US based broker?
All those who had accounts and thought they are safe "avoiding crs" will be reported and end up in trouble
isnt that eu loving shithole starting to report in 2023 and which covers data from 2022?.
Not that it would affect me, but just stating what I have read.
I tried to find any information about this in the web but failed. Where did you read it?
Global Forum on Transparency and Exchange of Information for Tax Purposes
An interesting take.
Georgia is part of the 43 nations which have not been blackmailed by the borg to do this but they have chosen to do it voluntarily. That tells me all I have to know about them.
Thanks to covid I could not invest there which I otherwise would have done.
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