US Bill Would Introduce New Beneficial Ownership Requirements on LLCs

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Sooner or later this will come into place and then all other countries will follow‌ suit. I think it will be difficult to hide in the future, it requires methods‍ that can be more risky. Conversely, it could also be that there will be places⁠ that open up new opportunities.
 
Seems I was right yet again when I said the above⁠ 😉

Information can be shared with foreign law enforcement agencies and that is all that matters.⁤ Also giving false information is a Federal crime eek¤%&. Good luck to anyone using a⁣ US company to evade CRS. Foreign taxman gonna be doing some nice John Doe summons⁢ of data like they have done already for Amex etc smi(&%.
 
Yeah.

Do we have these base 3 options:

1) pay what they tell you to pay if⁤ you want to live in communist eu and similar places. This is for the middle⁣ class in terms of wealth and for those who do not want to move to⁢ 2) and cannot yet afford 3).
2) move to one of the 45 or so︀ underdeveloped nations from the crs list if 3) is too expensive and or your (small)︁ business is somewhat special and needs certain flexible solutions. This is for primarily those who︂ just start out and have limited funds, and or are overly adventurous.
3) move to︃ tax heaven / tax friendly place and do really live there. An especially nice option︄ if you have 7+ or even 8 digits as you can afford all the nice︅ things there.
 
I would choose option 3 if its within peoples pocket or explore option 2. Option‌ 1 is accepting defeat.

This news is not gonna make much waves in corrupt developing‍ countries where leaders are worried about their own stolen money being discovered behind US shell⁠ companies. This move is likely only to affect developed places like EU, Canada, Australia etc⁤ where there is real rule of law and check and balances.

P.S Get out the⁣ EU while you still can 😕.
 
100% agreed.

It can also be a combination of 2) and 3) to some extent.
As someone living⁣ in 2), I often drive thru areas where they sell houses for millions of $⁢ where the average dude makes a 200$ a month when he is lucky. So, I︀ doubt someone will even mention US shell companies 😉
 
It is aactually Way Better than a comedy show. Just that if shits all over‍ the place and messes people lifes up.
 
Actually it's nice, starting a church isn't that‌ hard, and the irs does not f**k with churches 😉
 
this is not the first time I see you post this here on offshorecorptalk!‍ Are you serious, do you really believe we will be robots of the EU they⁠ can control like that?
 
The worst things,
Yes, EU gets worse⁠ and worse can‘t imagine where we will be in 2030. They need more and more⁤ money and guess from who they will take it
 
I also sign up on this. Also⁠ the eu satellite states need to be considered e.g. Georgia and the likes.
 
Yes I have been posting this for⁠ years on here. You will see every ounce of your liberty and wealth disappear into⁤ the EU black hole of EU bureaucracy and debt.

I mentioned before on here that⁣ EU countries national debt will be divided among its citizens. Those wanting to leave would⁢ need to pay off their share of the national debt before all ties are cut.︀ The EU may say those leaving the sinking ship have derived an advantage from the︁ government spending in that country that needs to be repaid on an individual level. Wait︂ and see....lol.
 
I am scared that they will take this even further. Something like global taxation, big︁ one time tax payments and so on, even when I am living outside of the︂ EU, they can still kinda force me to pay for something back home if they︃ know exactly what I got.

Quite frankly, I am very worried what is happening to︄ my home country (Germany) right now, I don't know where all these socialist and communist︅ lovers coming from. I mean something has to change sooner or later because most of︆ the simple jobs will be gone within the next 20 years, but socialism is not︇ the answer lol
 
and only the nasty rich would ever dream of leaving the new green, fair, genderneutral︁ utopia. So it is only in the best interest that they pay their fair share,︂ isnt it?
 
I am also worried about germany and︁ what is happening there, even though I have 0 ties to it. But it seems︂ to steer the greater continent to quite some extent.
 
The rich wouldn't be that much affected IMO⁠ since they have the resources for proper setups, buying passports and so. on. But middle⁤ class and people with a low 7 figure amount would prolly be the group they⁣ go after.
 
Yup the millionaires and billionaires of Europe will⁠ pay there share....all 10 euros of it at most 😕. They will argue they are⁤ the innovators and job creators. The rich are like cats that always land on their⁣ feet.

Global tax and minimum︂ tax rates are already here. The EU forced "encouraged" some Caribbean countries and even Andorra︃ to implement this BS.

Germany will likely champion such a move. The︆ ultra rich have very good structures to pass down wealth and earn without feeling the︇ effects of high tax. The rich simply don't earn direct income and earn mostly via︈ capital gains on shares and investment which is taxed at a much lower rate and︉ can be largely offset with structured investment loses. The system is setup to hammer the︊ middleclass and look after the poor socialist voting lower classes who the politicians (controlled by︋ rich) need to stay in power.

If Germany wanted to go after the rich they︌ would make the Capital gains tax rate (26.375%) the same as the highest income tax︍ rate (45%) and job done.
 
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