How The Wealthy Hide Billions Using Tax Havens

The comment section is just sad. We have been brainwashed by capitalism so much!!!!

Lol I dont care what’s going on. The IRS doesnt need anything more. As a matter of fact, federal income tax was supposed to be a temporary thing if memory serves.

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It's interesting that we as a society talk about tax evasion being criminal but we don't talk about taxation without representation being criminal. The IRS has it's fingers in the cookie jars of all the countries in the world and basically has it's on court that decides hose guilty or not. It's literally the greatest ponzi scheme ever.

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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $565K per year but nothing to show for it yet.

Middle working class is getting killed!! America will fall

I don't understand how using a sledgehammer to shatter the IRS' kneecaps is a bad thing

Our government is the biggest sponsor of offshore models. Going into socialism will make more people look outside of the US for opportunity. You want people to pay more taxes for infrastructure - lower taxes, so more people consider building offshore schemes not worth it as tax is fair and TAX DOLLARS ARE ACTUALLY SPENT WISELY (on infrastructure for example, but not paying non-competitive prevailing wage salaries and making a simple bridge cost 2 bil. because union dudes reports 30 hours of overtime every week while spending half day talking, smoking, hanging around etc... ) As soon as people who make money see the government actually carefully and smartly spends them - offshore will be the story of the past

If I were a billionaire I'd hide it from idiots in big government, too. Look at what they do with it if they successfully steal it from you.

This video and it's lead speaker ignore the fact that FATCA & CRS were in existence at the time of this reporting and multiple banks in those jurisdictions entered into compliance agreements with the IRS and EU tax authorities to restore their ability to transfer funds internationally. it also ignores the fact that most of these countries had enacted economic substance statutes after pressure from the US and EU regarding sanctions against their financial institutions which hobbled a lot of these small island nations and or small nations overall. Compliance costs with legal tax avoidance and the G.I.L.T.I. tax regime in the US made many of these tax deferral or tax avoidance regimes useless because of CFC rules. Other B.E.P.S. actions in regards to withholding taxes further eroded the usefulness of these tools basically bankrupting a lot of these small countries and destroying their leading financial services industries.

I'm sure the IRS knows exactly what is going on and are part of it as well.

Duh! Why is this news??? Next!

Tax avoidance is legal

The way this information is shared in this video is wrong, no money is missing in the system because people or companies decide to do business where they are treated best. The idea that money is missing is false, money is blatantly misused, that is the real root problem here. Absolutely nonsense to say 70 billion is missing..... just look at your military spending to saw the least.... Money is actually abondant, it is just not used the right way,

If I have to pay my taxes, so should the 1%!

We would love to pay taxes but sadly all those money is used for corruption and lobbying which doesnt go to building infrastructure

Lol they "lost" a trillion dollars in 9/11
I literally don't care anymore. It's all a facade.

So Delaware and Nevada allow for tax evasion?

I use a fiduciary for that, investing and spreading it across financial commodities while still earning in the best way for me

Taxation is theft

Delaware, Nevada and Wyoming

Yes I've been staying this. I'm 20 years old and live at home with three streams of income I'm working toward 2.5k, I have a week left to withdrawals.determination is highly needed in trading because only a brave heart is determined to take the risky involved in making great profit

Lol this is clearly a video promoted by Let’s Go Brandon

🔥💯

Bollocks. The US can just print more money. Taxes are a scam.

Don’t talk about money that could be used for “health care, infrastructure” if you make loads of money you should be able to keep it. Make the government spend more where it’s needed and less on their own pockets and military

Can people with small amount benefit?

Advice needed. I want confidential chat.

“They starved the IRS of fun so they couldn’t do their jobs!!!”- soy millennial.
Obama added hundreds of jobs to those bloodsuckers!

“The IRS makes public these secrets” The IRS is literally one of the most secretive organizations unless you’re a government official or have a court order that succeeded against the best paid Harvard lawyers money can buy, against an institution that is notoriously immune to litigation.

All tax is theft.

I must admit that this is a great video but know Crypto-currency trading is very volatile one as such is too risky for beginners without basic knowledge to make good fortune out of it, I suggest you invest with a reputable broker and enjoy your returns.

Reason for this all is heavy taxes. Single digit tax can avoid it all. Even person opt to pay tax, it will go to offshore shell co with someone else politician account.

Not only Marty Byrde did that but Wonder is Jonah can also do it !!!✨✨

I pray to God for the wellbeing and happiness for everyone in the GLOBAL WORLD BASED ON LOVE LIGHT PEACE AND JUSTICE

<<Thank for the Video, I got a lot of ideas.
In 2016: Working a 9-5 living pay check to pay check
2018: Got a $4k loan to start my online business.
2019: Found a Mentor & had my first $25k month
2021 : made my first $500k.
Goal to make $5M net by 2023.
My only secret is not giving up

The money was not hidden, offshore the Debt was...HSBC, NAMA, Brexit...they spent all of the money and more in a war on peace did you see the mark they left on Tan Tan Beach...NATO scum setting up Go-frees for a Bronkavich, accomplices in Genocide reporting Fake News...a weapon of mass distraction where Enron powers Citi lights with corpse

Wow, il y a beaucoup de pleins de marde dans les commentaires, c'est incroyable.

I've got nothing against the rich but i dislike subsiding them.

Guilty must be strictly dealt with

Just move to Washington State then boom! lower tax xD

Just exploring the details for the facts

I have nothing against taxes. I'm totally okay with paying 5-10 percent in taxes, but paying like half of your income is basically the government stealing money from you legally. You work for the government, that's it. If they need money for infrastructure and salaries, they can cut the budget for unnecessary military equipment (like nuclears for example). Who wants the war anyway? Taxes are not bad, but paying half of your income in taxes is pointless, stupid and a legal robbery.

If the government reduces tax know one going to do this in india even for cryptocurrency 30% tax

How about all the criminals and Terrorist that hide their money too ?

The Hit Men the Drug Cartels and terrorist hide their money with theses dirt bags too.

Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.

Politicians: we don't have the money to afford this!
Also Politicians:*stores billions that could be used to afford it in an off-shore accounts*

How does a place become a tax haven, do they just go “oh let’s just lower our tax rates real quick” what’s the process