How To (Semi) Legally Launder Money
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- เผยแพร่เมื่อ 24 ก.ย. 2024
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The Pandora papers are the latest in a long line on P Papers that have supposedly unmasked the shady dealings of the global elite’s worldwide network of money laundering, tax evasion and corruption.
You have no doubt seen the headlines, and if you are following the story closely you are likely thinking that nothing will really come of this.
It’s been five years since the Panama Papers were released the world and since then they have been followed up by the paradise papers, as well as a series of smaller leaks ultimately confirming what everybody suspected was going on anyway.
Now to an outside observer it is easy to be a bit disheartened by all of this news and simply resign yourself to the fact that these schemes will just happen forever and nothing will really be done to punish the perpetrators. This narrative would certainly be supported by the outlets publishing these stories too, because to be honest… outrage sells.
But it’s not necessarily the case, and perhaps the best way to see this is to do what no stories on this issue have been willing to do, and that is to unpack how this creative international accounting actually functions.
#PandoraPapers #PanamaPapers #howmoneyworks
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Please update this video as new efforts to suppress those schemes are being made:
- BEPS 2.0 system from OCDE, where tax authorities are all connected and able to quickly check
- Global Minimum Tax
- National list of jurisdictions that are blacklisted by countries for being too permissive
I'm new to crypto trading, how do I get started with the help of a professional
She's on face book
Catherine S. Woods
@@claresmithy4667can I reach out too
I believe this guy 1000% when he says he worked in investment banking. "This thing multimillionaires do sucks, time to teach you how to do exactly that." Absolute legend of a channel.
Yeah, the only onstical being the millions of free cash on hand to start with...What it also doesn't state is all the $ to set up the trust. The one "rule" of tje trust being a separate natural person must be in charge of fund distribution (at least on paper), for a beneficiary...
@@brentfarvors192 But if you hit a big lotto win, you now know how to shield that money from greedy relatives.
Note that Ireland's 15% corporation tax only applies to companies with revenues of €750m and above, wonder if this could be avoided by just creating several holding companies with less than that in revenue
Risky. It might be intrepreted as tax evasion scheme. Like it is :D
Ah I figured the government wouldn't give up on their beloved corporations so easily. They'll probably get 3% back in development grants anyways haha
There the Irish Dutch sandwich comes in. The Dutch don't tax revenue from IP at all. So you create a Dutch company that owns the name for your company group and licence it to the other companies. For some reason the fee is such that the other companies don't have any profits. Curious that. There are also tricks with companies giving each other loans and paying surprisingly high (or low) interest.
Also it is applied to only a certain fraction of the NETT gains above a certain threshold. At the end of the day, they keep paying peanuts...
The 15% likely will not change anything. Corporations are not like us they have different expenses based on the type of business they are in so they are all taxed based off their net revenue rather than how we mere mortals are taxed. So lets say Panama charges 15% but allows the company to write off any and everything including expenses that aren't felt by shareholders ( like depreciation) so my evil holding corp pays 15% of zero.
TLDR: equivalent to a financial VPN
TLDW*
The more you know about VPN’s the funnier this is 💀
So, rich people keep getting adds for MoneyVPN when they want to watch a video?
That is so perfect WOW
NordVPN?
Every family has that one person who will break the family's financial struggle , I hope you become the one 😊
Assets that can make you rich
Cry-pto
Stocks
Real estate
Starting early is the best way to getting ahead of build wealth, investing remains the priority
Having a job doesn't mean security rather having different investments is the real deal
I've been researching advisors lately because the market news I've been seeing hasn't been that positive
Any specific guide
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
@@LionTowercoporation who is your financial coach, do you mind hooking me up?
@@LionTowercoporation Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.
Everything everywhere depends on the government.
Technically legal is the best kind of legal.
Lol. It really is
💯
It's the only kind of legal
Lawful evil
It's what I call "Quasi-Legal"...
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@@martingiavarini Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person
@@hermanramos7092 My advisor is Catherine Morrison Evansshe’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@martingiavarini I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
*me in 5th grade
Teacher : What do you want to be when you grow up?
Me : Internationally condemned businessman
@@johnfran3218 Bravo. You've figured it all out.
Go claim your prize at the nearest Wendy's. Tell them the passphrase is "ligma".
It is the same as a medieval peasant dreaming of being a high noble.
Lol. Me too
My dream was as simple as becoming like Indiana Jones
sign me up
As someone who sets this up for my clients I can confirm this video is legitimate and explains it quite well.
Do you know at what level of turnover or profit it becomes beneficial to set up this kind of structure?
.
@@ALifeOfWine ?
@@richardmatthews7489 ?
@@ALifeOfWine good question!
As someone that works in taxation, this video is gold. The explanation is on point and it’s as clear as it gets for the time frame, great job!
what is such a structure called do u know?
What are the tax benefits of Singaporean trust? Or which country's trust is the best?
@@Nikita-kr7zc the best country is new zealand, specifically the cook islands.
Under this structure that he explains, what type of trust is used to hold the shares of the "holding company"?
This is disgusting!
... I wish I could do this myself though
Commie until rich!
@@FranceGaulGallia lol
I'm devastated that my name ain't on the papers.
How Money Works is really the best top notch in trading.
@@Humster same
This explains how we have wealthy people living in homes and driving cars owned by holding companies while declaring an [taxable] income in the poverty region such that they are eligible for and receive government benefit programs and stimulus payments designed for low income households. All this happening while the common folk are hating on the teen who refused to work and took an extra stimmy.
Clever comment! I don t understand how the middle/lower class is so blindly stupid to force on each other this slavery... The richest don t even have to force them, just spread some lies.
Are you talking about Jeff Besoz?
@@jellyfishi_ the comment has nothing to do with that, but the fact that we force our Young's entering a slavery system. Adolescents would be a lot less lazier if they knew they could have a real and developping future.
@@hierotsu How to show utter ignorance of what "slavery" means in two short sentences.
@@dalebetterton5255 I really shouldn't use words like that, you're right. I use the term slavery as a concept (young's, and others, obliged to work for low wages in order to pay the debt that riches forced on them), but it can be understood as it literal meaning. I'm sorry for that. But please, don't simply react and stop calling people ignorant. It just get the conversation and thinking impossible. Have a nice day.
"If you are thinking throughout this video, 'if you can't beat them, join them'..." Who are you and how can you read my thoughts?
I’m the protector of Gotham City
@@HowMoneyWorks You missed the opportunity to unironically tell someone "I'm batman." XD
It's not who you are underneath, but what you do that defines you.
@@mrsbasia122 copyright you know XD
@@gadget00 So sue him. If you dare...
The only content that actually explained how these schemes work. The news only talks about them without going in detail. Love this channel as after Graham Stephan changed his branding to fit the algorithms I needed something more genuine again
Graham Stephan is still the most genuine TH-camr unlike others that don’t even show their face like HMW
@@luisandrade2254 All of Graham's videos start like this "😱 were all doomed! 🔥💸".....
@@celtekrider2 yeah nowadays he’s gone downhill he’s always repeating himself I feel like his channel has run it’s course but obviously he’s too greedy to let him die who can blame him when you’re making millions? If only his audience quited and he was forced to move into a new project
@@luisandrade2254 Oh believe me times are changing For those guys for 2 reasons.
1. Retail investors are being squeezed for everything due to the Biden admin,, and I don't think hedge funds or institutions gaf about TH-camrs.
2. Even tho clickbait is here to stay, the age of fear mongering for views will flip again. People only click on the 😱 videos due to uncertainty. But again without retail investors with money in the market and wars coming to a head, eventually the last thing people are going to want to see is more bad news.... specially if all the bad news has passed lol.
@@luisandrade2254 greedy? It’s greedy to try and salvage your major source of income? That’s not greedy, that’s just smart. All TH-camrs, public figures, celebrities, etc. will go through periods of growth, hit their peak, and then fall off. It’s just the cycle of entertainment. Graham isn’t greedy or a scammer or something because he won’t give up on his channel smh.
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses.
That is true, you need an expert trader to make good profit from cryptocurrency trade
And this is the perfect time to invest in cryptocurrency because of the rise in cryptocurrency.
How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.
💯💯💯
Great video. That jet ski jousting league though, sounds like a legit idea.
My ears perked up hearing that, who’s keen to invest? 😂😂
Sounds great, but the safety standards would be a nightmare.
@@ramensenpai2754 not if you have a 'squid game' clause. Though finding insurance underwriters might be another issue.
I can hear your trustee eye-rolling right now
Let's start a discord to get this going.
26 dislikes. I wonder how many of those are natural persons.
Now 63 bruh
@@watchlistsclips3196 international finance is ramping up the bots 😆
@@andreaslind6338 lmao
128 now
I dislike this video. It starts out saying "This is the best way to protect yourself from lawsuits, and legal problems with companies" and at the end it is saying "This system is used by criminals to hide their dirty money" This video is propaganda. You don't need to be a criminal to want legal protection for your money. 10 years ago having a "SWISS BANK ACCOUNT" was evil, and before that, the most evil thing you can do with your money is have it stored in a cayman islands bank account. Fckin go online, and open a fckn bank account in fckn switzerland and put your paycheck in your swiss bank account. There you go, Criminal
Good video!!! Very engaging... With the current market situation, the best investment one can make right now is to invest in the Forex market, although stocks are good, but since I switched to Forex, I 've seen so much difference in my finances
Inflation is killing my budget and my salary. I can no longer invest in the financial market and it seems that I will have to sell all my risky assets to keep my head above water. What's the best advice right now?
Investing in risky assets (stocks, crypto, forex, etc.) is easier with professional advice, especially an investment advisor, it really helps reduce the risk of incurring losses
I had this experience during the last downturn and I thought I had lost everything but thanks to Ms. Jennifer Marie Ferguson who is my financial advisor, I recovered all my losses.
Stop managing your portfolio and write to her while you keep losing money, she's a trading pro. It will help you win passively.
With everything going on right now, the best decision is to have a profitable investment strategy. Stocks and crypto are good, but forex is the best.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading
May I ask which stocks are good? That holds true from long term investing to day trading
a few different ones but want others' opinions as well
who would you recommend?
Yeah, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience
Let me be frank, venturing into the world of investment without the guidance of a professional trader is not always profitable.
This was a cool video . I’ve never had it explained to me before. Cheers
Yeah, so cool.
Keep educating yourself, a decade from now videos like these will be scrubbed off and banned.
yes you have. This is the same concept as having "A SWISS BANK ACCOUNT" ten years ago, and 20 years ago "OOOHHHH you have an evil Cayman islands bank account" As bloodthirsty lawyers get more invasive and more litigious, the people with money will get more protective, and hide thier money better. The majority of the people with these trusts set up are hiding money from Lawyers, because lawyers consider it their job to take as much as they can.
“Hey guys, today we’re going to learn how to NOT set up a criminal international drug empire-“ is basically this video but for any other type of business. Pure gold 😂
Fortunately (and unfortunately), the process is the same...
"there's no reason for outrage! it's all PERFECTLY LEGAL" made me laugh because I'm pretty sure the legality is not what people are upset about lol
Law and ethics are completely independent much of the time aren't they.
I mean I guess it kinda is because it once again shows that laws aren't there to protect people but the ruling class
There's a lot of dim-witted people out there who think "law = good".
I'm not upset at all.
Maybe its time to realize you are the beneficiary and America is a corporation.
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
You’re right, the importance of multiple stream of income, unfortunately having a job doesn't mean financial freedom or security
speaking of been successful. I know I am blessed if not I wouldn't have met someone who is as spectacular as Mr Umar basher
@schneider Bruno O' Yes I'm a living testimony of Mr Umar basher jadon.
@schneider Bruno he has helped me greatly in life
Same here it's four months now I started trading with him, and it's been a good experience
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
Most failure and loss on investment usually happens when you invest without proper guidance and the analysis of the profit and risk percentage of the investment.
I encourage newbies who are interested in trading to place their trade under a good trader to avoid lose.
Wow am shocked someone mentioned and recommended Mrs Rachel Catrina I thought am the only one trading with her.
Wow I just made my first withdrawal today, trading with Rachel Catrina,Indeed her is an expert.
I'm glad my aunty refered her.
Thank you for just explaining the mechanics behind all this. Now I will go have opinions about it, somewhere else.
Interesting video I gotta say. I always wondered how these structures are made, but until now I didn't manage to grasp the simple concepts that make it. This has made me want to ask you if you would consider to make a video, very much in the type of "now you are a millionare.... now what?" video, but the topic being of a business that has manage to grow large enough that can become.... a global company? international company?, I was wondering if you could illustrate the process of how a company goes from national to global. I think with how well you manage this information you could explain it in simple terms that even a layman like me can understand.
he did make a video about that I think
When you become rich, usually you will hire a "money/tax consultant"
That where usually starts, they will offer "how to minimize tax both legally or ilegally"
Good idea, well thoughted 🥳🥳🥳
He did, and mentions it at the end of this video:
th-cam.com/video/jzWiGACEDwA/w-d-xo.html
@@zedek_ thats about getting rich suddenly personally. op wants to know how a small company grows
I always wondered what "Ltd" at the end of every business meant... So it's "limited liability"... I can't believe I realised this in my 30s...
There's limited by liability, and limited by guarantee.
This video refers to LLC. LTD is a wierd hybrid ( at least use most USA states) where some people are just investors and some a day to day operations managers and only one group has limited liability and tether group doesn't.
Congratulations, you're one of today's lucky ten thousand!
@@KoreaRwkz und
The concept of limited liability is taught in the very first class of many accounting courses. It’s good to know the basics.
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Mary Linda
@Jessica Patricia YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MRS MARY LINDA
Here in Texas Expert Mrs Mary Linda out the both orientation and mentorship
potentials
I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days
I learned some of this working in a cannabis start up.
Having a holding co is required in most states because cannabis is federally illegal so the LLC growing and producing is owned by holding Co that hires a management Co that manages the LLC. I was technically an employee of the management Co and not the garden or extraction lab.
This was great, well done
Thanks :)
☝️
DM for my assistant asking about something profitable in Crypto currency. BTC, ALTCOIN, ETHEREUM, CAD..
@@HowMoneyWorks why did you use Singapore as the background in the thumbnail
I’m not gonna lie that jet ski jousting sounds dope af😂 great video man
We neither as individuals nor as a group of normal, average working class people, can do anything about it. The only reason there was any sort of legal repercussions at all after those papers were published was because they were avoiding taxes in some way. That's the only time the people with real power to enact changes will actually do anything (When it affects their own tax revenue/the IRS). Plus this is just only what we know. Bet there's a whole hell of a lot worse things going on that we still don't even know about too. So I will simply acknowledge it but stay uncaring because it doesn't matter whether it's published or not, it's a waste of mental effort to care at all when nothing meaningful gets done about it.
unless we want to be like them (those elites), which i believe a few of us want to be.
@@starlordyt6151 if you cant beat em, join em. And then turn on them.
Also, those "new" safeguards more than likely have their own loopholes to allow the scheme to continue. Working class people can't wrap their head around the corruption and schemes created by the rich to "police" the rich.
We can and it has been done. Look at the Bolshevik revolution. Working class struggle needs to be organised and consciously anti-Capitalist. If we can do this, we will progress.
meaningful things were done about it as stated in the video.
I agree with you, that you don't have to waste mental energy on the most topics the media represtens as "relevant".
Sir this is just a suggestion and a request please do try to include the links of the sources and books from where one could further study and research about the topic, it would be more beneficial in educating the people, and for broader audiences like research scholar, entrepreneurs, people interested in knowing more, and students, it may even help you get a few more sponsors (like the website you will use for research) for your time and effort, it's a win-win for both you and your viewers, please do consider. Thank you.😊 Really need these contents.
Actually I own a business and have a holding corporation where I use an LTD in the UK to funnel money back to the US solely because the US has such strict laws against forex trading. You can’t even open a bank account here dealing with forex. The UK was a shockingly tax efficient and simple choice.
@IRS
@HMRC
🐍🐍
Laws against forex? I setup an IB acct and trade currencies all I want. Also do it for friends and several of my businesses. My accountant and the tax man couldn’t care less. I report any income.
@@mattym8 I can’t use IBKR for forex because I don’t meet the requirements. I’m only 22. I use a funded account for now and use IBKR for mainly investment growth and to hold my treasuries. I was told by every bank a business that deals with financial contracts without a specific license from a regulator can’t open an account in the US.
Very accurate video. The wealthier the person, the bigger the scheme / structure.
I still cant decide wether a global minimum tax is good to stop tax evation for the corrupt super rich, or just a step closer to a World government that will lead to bigger corrupt super rich enteties..
But thanks for the good Video.
maybe for the politicians it will have a loophole, thats for sure
@@deskejtx6211
Already do: "Gifts"
I forget the details, but pretty much they have someone that holds all their companies and other such things while they are in office.. and when they get out of office they get what ever those assets + newly acquired assets back under their control.
This was setup organically to make it so someone couldn't enrich their own company while in office.... but these days it is an easy way to fool the easily fooled since the "gifts" are given to their asset manager instead of directly to the person in office.
Of course it is not good, since it stops governments from competing against each other. It's literally a tax cartel that will result in absolute corruption.
I am 100% sure of the latter. If anything it can even benefit the super riches.
If you anything other than what the letist media stuffs down your throat, you see that thats a bad idea
Getting sued. Yeah about that. Try making business in Germany or Switzerland. Bureaucracy will kill you, but at least if you are sued, the judge will go “Here’s 1000 bucks in damages, now get out of my court room” xD
Well, I had a business in Germany. Had to fight with finance authorities for 5 years until I got money back from them that they took unjustified. Now I live in Cyprus, pay only very little tax, sun and beach every day and they can go and F.... themselves. Everyone who earns money online and stays in Germany is an idiot, honestly. Also no one sues you in Cyprus because it takes like 4-5 years for people to get a court date, haha. They have to be really serious about it, to take that chance. :)
Quick note here on the coal mine in Brazil example. Brazil taxes the UBO - ultimate beneficial owner - meaning that no matter how many layers of companies or trusts you have, you must disclose the UBO to the tax authority and that natural person will have to pay taxes. That means you need reside somewhere else or else pay taxes here.
That is very common in those schemes, because often countries tax the UBO, specially if they follow OCDE standards. The result is that you don't only choose carefully where your companies are, but you also have to choose carefully where to reside so you don't get taxed as UBO
Very interesting, just curious, at what sort of turnover, and profit levels for a given entity, is all this complexity worth it?
It isn't as much about as profit levels, as, for example, it is normal for startups to already incorporate an offshore structure from the get-go. Depending on your sector's regulation and local tax rates, you can easily calculate if offshoring is the way to go.
To provide you some ballpark numbers: it is fair to say that the setup price ranges from 15k in a cheap jurisdiction (Panama, BVI) and non-compliance with economic substance laws, or up to 80k (USD), in case you do comply and incorporate in an expensive country (Switzerland, Luxembourg). The yearly cost to maintain, I would estimate between 5k - 40k, following the same logic.
For wealthy individuals and wealth management, I have no idea as I never worked with it, but incorporation prices should be the same
%5 of annual revenue vs %40...? Imagine some countries even allow bribes in lieu of taxes...
Interesting 😮
@@brentfarvors192You can get up to 0% in some scenarios and places. That's why the OCDE is trying to set a global 15% tax rate.
It would be nice if we ever get there, but lowering taxes can be a legitimate public policy to attract foreign investments for countries with low population and resources (like islands).
I came here to learn how to invest after listening to a guy on a television program about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Investing in crypto and stock market is a good idea, a good trading system would put you through many days of success.
It is possible to produce superior performance provided you do something different from the majority. However, most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
A lot has changed and that's on everything but the truth is that i don't even care much about bullish or bearish market because Mr Jeff O'Reilly help me a lot, I am comfortably earning monthly
I have been researching all this while for a digital asset to invest in and I found the crypto market to be the most profiting of them all, I'm definitely bouncing on it.
Wow. I'm a bit perplexed seeing Jeff O'Reilly been mentioned here also. Didn't know he has been good to so many people.
lesson learned keep suing the bussiness company they have lots of golds and have fast respawn time.
They have fast respond time but not a ton of gold. Most of the gold is held by boss companies.
Beware of uno reverse cards
Your channel has truly changed my life. i've been
studying and researching about crypto for a
while now, do to the economy crisis and i got stuck at some point on the
learning curve. now i can say I'm truly improving
my understanding of this whole new world and
making great profit weekly, all thanks to you
@Alice Tyler My first experience with her gave me the assurance that has made me to invest without fear of loosing
@@lillymasokku Wow I' m just shock someone mentioned expert Mrs Sophia I thought I'm the only one trading with her
She helped me recover what I lost trying to trade myself
@@amyshirley6008 I invested £5000 pounds I I received £54,000 thousand pounds within 7 days working
She's obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days
Can you do a more in-depth video on how to set up these structures? Maybe cover the best 5 countries for each of the stages and why they're best for that stage?
Not so much a finger shake as a tutorial? That'd be great.
i am also willing to learn more about this, i think if you dig deep enough the internet will give you an answer. I own a fairly small olive oil company from greek in germany, and the taxes are higher than i‘d like them to be. but if you ‚only‘ earn your salary, i‘m sure this won‘t make sense for you
😂
Trust funds and shell companies. You spittin
‘Treasure Islands’ by Nicholas Shaxson gives an interesting insight into how this industry came to be.
Anyone can set these up, but few have the knowledge and resources to so so or the money to make it worthwhile.
Exactly, it's a clear display of the two distinct ways that rich people are taxed and regulated for everybody else.
It depends on where you live, if you are not a US citizen then it's really easy to do: Start a disregarded LLC in the US owned by a non-us entity which is really inexpensive and lot of people start with this set up until they have money and start moving to better set ups... You still need to pay personal taxes but taxes are not the only reason to do this kind of setups
@@obcane3072 Yes, but relatively few do or know. Financial education is extremely lacking.
This is probably one of the most important videos I've ever watched.
Thanks!
If you say so. I highly recommend Patrick Boyle's video on the Pandora Papers. He adds even more detail & nuance.
I was referring to the fact that having a video on TH-cam that explains step-by-step the exact tool the ultrawealthy use to be "financially invincible", free of charge, without restrictions is an amazing thing.
I'm pretty sure that this knowledge is worth huge sums of money, and it's likely that never in history was such a valuable information freely shared.
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated
Indicators are very lagged so one cannot rely on them instead they should look into learning price action trading with her is a good
@Anthony M This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her
I think a Good T/A like her will pay off more than random u-tube videos,a lot of TH-camrs don’t actually care if you loose money, they just want more views and traffic!
with the consistent weekly profits I'm getting investing with Mrs Christiana,there's no doubt she is the most reliable in the market. such a genius.....
@Anthony M I just searched this Broker you mentioned,Christiana. She seems very proficient 🤔
The background at 4:37 is an epileptic nightmare.
What they keep questioning now is “source of funds”.. how you get the legit money in to fund all the structuring to be legal is like winning the lottery. Then making sure your trustees work out the will of the beneficiaries is also another headache. Asset management, risk management, not everyone always plays nice. To set this up properly, you have to have many moving parts in a circuit that must be ethical. Hiring those kind of people don’t come easy. Try getting into those circles as a nobody off the streets.
Well,not really.
Most people who work into this structure don't even know about it,except for the parts they are directly connected to(probably just 1 or 2 companies),and tries to sabotage it can be more easily blamed,fired,or sued themselves.
And picking lazy,uncaring employees is in a way better because they won't bother to do anything more than what they are told to.
Is it wrong that I was thinking of how to use this to my advantage?
No, taxation is theft.
Most times it amazes me greatly the way I moved from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
Actually she handles the trades herself while I have full access to my trading account and she does the profit making, made withdrawal just few hours ago to my bank account without stress
Do you know her?
Her concept is key in beating all odds to excel in this form of online commodity trading.
She's more active via waaass apppss 👇👇👇
+168
Ouch, that's a really complex structure of company. Makes me wonder why noone had ever bother to create law against it.
Thanks for explaining BTW
because politicians are all millionaires, and they use all of this to hide behind. They wouldn’t make a law that doesn’t benefit them.
Because taxation is theft, imagine someone taking 40 - 50 percent of your money and the only thing you actually benefit from is being able to drive on public roads. In a the U.S you could be born to a 18 year old single mother who hasn’t paid a dime in taxes, but applies for food stamps and housing assistance live off of that for 18 years then go apply for the same assistance, do under the table work or cash only so you never pay taxes until you’re 65 and then ride that social security wave until you’re dead🤷🏿♂️
They have, the loopholes determine this structure. But no one has an interest to be too strict as it gives serious competitive disadvantages, just driving money abroad. Also many politicians also invest their money in these structures so they don’t really want to go down to hard on them…
Because it is not illegal to establish companies. It is only illegal to avoid taxes. If you incorporate in a country with a modest tax policy, let's say 15%, there is really no motivation to avoid paying such tax.
@lilscoobynetwork Taxes are how governments get money to then IDEALLY use it on things for the country and it's people. Problem is: big corporations and capitalism have removed morality from the equation and turned money from the means into the end. Taxation is not theft by itself, unless it's like Unity making developers pay for players installing their games.
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,I just don't know what I do wrong.
Trading is tough and even the best traders have substantial losses along the way
@Steuern MitKopf No matter how much effort I put into my trades, I still make more losses than profits. Trading really is hard work.
@@trainercaffrey7872 It's not always how much preparation you put into your trades, what matters is your ability as a trader to use a wide variety of strategies in a disciplined manner. Trading is hard work, to be safe you should probably get an expert to help with more profitable trades.
@Steuern MitKopf How possibly can one actually eliminate emotions from trading?
I would like to set up this kind of structure when I am rich. Not because I want to dodge taxes, but because more layers means my identity is not revealed to the wider public.
Well, i wanna know something... you mentioned warren Buffett has his own line of conglomerate shares ? How's that done? And what is it?
Warren buffet runs a company (Berkshire Hathaway) which in turn owns and runs hundreds of other smaller companies under it for the benefit of the shareholders of Berkshire.
Berkshire A currently trading at $427,000 a share
@@HowMoneyWorks Something I wondered watching this, what is the difference between a company like Berkshire Hathaway that basically just invests in other companies and something like a hedge fund, which kind of does the same?
@@krombopulos_michael from what I understand, hedge funds are more involved in trading the assets for profit, meaning they don't focus on "owning" companies to manage them, instead they profit in the stock market
@@Jean-ii8cg I + this, its also why people hate hedge funds and dont mind things like Berkshire hathaway
that subtle "be an internationally condemned businessmen"
no, people just want to protect their money from lawyers who try to takke all their money in a lawsuit. Thats why this goes to other countries. They would set up a company on mars if it meant that if some stupid walked right into a vat of molten steel (as it happened last year) the family can't hire the worlds best lawyer and take 500,000,000 from Bill gates. If you are working in a steel plant, and you are too stupid not to walk into a vat of molten steel, it does not entitle your stupid family to bankrupt the business.
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
I agree with you! With her help, I diversified my 450k portfolio among different markets. During this bearish market period, I was able to produce a net profit of little over $1 million from high dividend yield stocks, ETFs and equity. However, the reality is that you cannot do it without a tried-and-true trading coach like expert Laura
Her success story is everywhere. I keep on hearing expert Mrs Laura's name being mentioned here and other platforms, Does she really worth the credits and reviews?
This is one of the best informational videos ive ever seen
When you invest, you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
It's not ignorance but due to some unprofessional broker in the market
Bitcoin is the most profitable investment online of only you trade with the help of a professional expert
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Learn and trade under a guide I do same and I hardly make losses in the market
*The reality of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left"*
Investing in crypto is the best way to earn financial freedom,Without doubt crypto is so money making
This is the kind of information that we don’t get from most youtubers..
I could invest in Crypto but always got confused by it’s volatility in nature
@@ritarose2110 That won't bother you if you trade with a professional like Mr Larry Stafan.
Count me in, I’m placing my trades with Expert Larry Stafan ASAP
"Technically Legal" = actually legal but I don't like it.
The backgorund paper effect is exhausting
The Pandora Papers is the greatest validation of why Thomas Pickney won his Nobel Prize. Highly recommend reading Capital, although the paper papers is might as well be it’s more practical real world primer.
Does it mean that these structures can still be erected as long as it is within legal means? The declaration of the beneficiary owner only reduces the risk of money laundering by easing auditing right?
Yo how did you comment 8 hours ago when it was posted 10 minutes ago 😳
Yes there are thousands of these structures all over the world at the moment that are totally legit. That's why it makes it so much harder to find the ones that are up to no good. It's kinda like finding people with ill intent in the TSA lines. 99.99% of people walking though the gate are just regular travelers and telling them apart from the 0.01% of people who are up to no good.
These structures are available for anyone. The only reason they aren't employed more often is the legal fees needed to set them up and the awareness of them.
But you can theoretically set them up with sample templates online (I'm not recommending this), and a few hours of time.
@@HowMoneyWorks dude how did he comment 8 hours ago?
@@interactiveledger8990 he's a chanel member probably and the video was released earlier for members
Never knew cryptocurrency could be so challenging! Kept losing my trades and running back here on TH-cam videos to learn more about all this video but is not helpful. I need help
Who else think this crypto is kinda not easy and he/she is looking for way to start
@CarinaZampiniFanClub Growing an account requires dedication and Patience
@@freddiehunter3472 Not everyone has the patience and persistence to grow account. Some may end up blowing up their account.
@@danielmurray4933 I was winning in a demo free account before I started a living account... All I can say is that I lost a sum of $300.000 in there different attempts.
@@masongreen1694 Trading on Demo account is on your own risk
Wow, thanks for the video, I was wondering
It's interesting that poor people condemn this practice but when they become rich, they jump on the bandwagon like it's free burgers friday.
Man actually said P-Papers 😂
Good timing 👌
Enjoy!
☝️
DM for my assistant asking about something profitable in Crypto currency. BTC, ALTCOIN, ETHEREUM, CAD.
Here in Brazil, we are having a buzz about it. Here it's legal... you just need to tell our Central Bank about the account. And both of the Brazilian members on Pandora Papers... did it
The difference is that the Central Bank CEO apparently closed off his companies and accounts when he became a high profile political individual, while the Minister of Economy didn't. The law requires all high profile political entities to not have offshore business because that would characterize conflict of interest. And now you can see clearly that the Brazilian currency devaluation was very profitable for the minister of economy - and it makes you wonder if this was his intention all along - to devalue the currency and inflate his personal assets.
Oh no, by Brazilian law it's completely legal to ordinary citizens to own such offshore entities but it's illegal by law and code or conduct for high federal government officials to do so. These officials are forbidden to hold possessions, investments and companies that can be directly influenced by their own decisions. So yes, the Minister of the Economy and the President of the Central Bank both committed crimes by having offshore operations even though they've informed the authorities, which makes it even worse as those authorities didn't do anything about it, so they were probably bought out
Now that the entrepreneur spirit has gripped me after seeing firsthand someone close to me make 45 bucks in half an hour with a sponge, some car cleaner, soap, and micro fiber rags. Time to curate my TH-cam algorithm for these videos and a few select entrepreneurs on the platform I ran into. Good video 👍🏽
I would add the holding company will include a buying agreement for commodities to hold gold and silver unallocated storage that can be easily monetized via an SKR.
great video, man. as always!
the only thing i noticed is that the paper background changes to fast. it's kinda messing with my eyes
Really clear and well put. Maybe a bit fast for a layperson I imagine, but a great summary nonetheless. Thanks for the video.
"nothings changed"
Not true. A lot of journalists seems to die after each one of these leaks.
Still don’t understand when do you actually touch the money/How to get access to the money when you do need it???
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $40k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.
I agree with you dear, stock is the most profitable venture I ever trade in, I reached my goal of $20,000 in just weekly basis earning, setting realistic goals is an essential part of trading
Does her service available outside the UK? As her broker is registered in UK.
I'm sure her service is available outside the UK, but you gotta ask her first. I'm positive because i have a friend who stays in Wales and using her services too. You should ask her, though to know if she offers her service to your country.
Consistency is key, I've been trading with her for months now and I've made a lot of profits from her. Most of those traders who offers to give you 500% of whatever you invest might run off your hard earned money. Forex ain't that easy you know
I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen
Forgot the Charitable Foundation in the equation.
this one is the one I dont quite understand how it adds up to the scheme; you can't just make a foundation to benefit yourself. What would be the point of it?
@@gadget00 tax reduction in the areas you cannot avoid taxes
Instead of paying taxes, you pay into a charitable foundation. No need to pay so many taxes. Now you just happen to be the head of this foundation. You were planning on paying some relatives anyways, now they have bs jobs at this foundation and get a wage(operation expensive). You only have to pay out 5% a year in actual charitable things, just give some snot nosed brats a scholarship or two and your good. Want your foundation to make money, start running fund raising. Want to run for political office and want to take bribes legally….they donate to the foundation. All legal. Jake has a video on it.
Can you do a video on charities and foundations. Most entrepreneurs are moving away from Trusts, they have a 20 year horizon ( in Canada ) where the portfolio is taxed at 50%. Foundations are what the global elite are using
Jake Tran has an excellent video on using foundations/charities to dodge taxes. Funnily enough, it's sponsored by omaze, about which there is an excellent video on this channel.
Basically, regulations exists for the protection of current players while prevent new players from profiting from this scheme.
thats really cool video but the very fast-moving background is a little bit distracting, the animations are entertaining enough dw 2:12
Damn, i never thought of it like that. When i first learned what a holding company was, thought it was something really useless. Like i mean it just owns a company and does nothing with it? i mean what's the point of it?. Then i saw your video and it really did click with me that it's basically the most important part of being a billionare if you wanna keep your money for long.
Exactly. These structures might also be needed for financial privacy and physical security.
woow if i were a billionaire that snitch had better went into witness protection b4 they leaked cause they wouldn't be seeing sunlight again for a looong time if I got my hand on them.
as a regular citizen though I think it's cool they were so brave to reveal all this
same, I'd make sure to find the snitch lol
Pretty sure they knew they would need to go into hiding, just like the creator of bitcoin published his/her invention under a fake name because they knew they would become ennemy #1 of central banks for daring to propose an alternative currency outside their control.
@@noseboop4354 a bank wouldn't go after the Creator of Bitcoin. They may hate the currency but killing the person does jackshit and would ultimately create a martyr.
Killing/ torturing a snitch however is to be expected.
I wanna be so rich that my name ends up in these papers some day😮💨
You can do that only when you have started to invest in BTC.
You forgot about the US Tax Cuts and Jobs Act of 2017 which greatly reduced "transfer pricing" to avoid taxes.
For whatever new rule or method thru come up with to track who's behind a trust and getting rich, ten more ways to go around it will be created by the accountant that are paid millions to find those loopholes in order to keep the rich happy (and richer). I mean, if I was worth millions of dollars I'd have no more than 60 ducks in my bank account whilst using a corporate card to pay for everything else. A lawyer here (in DR) that works for baseball players told me they're starting to shield them from being scammed or otherwise by making them as poor as possible on paper.
We will probably get global minimum tax before a global minimum wage by the looks of It.
@@AmisThysia Oh yeah, I do agree that its way easier to implement that, I just find funny that fixing people avoiding taxes is a higher priority then people actualy having some decent money to have a better life and pay taxes as a consequence, but just how i feel, but yeah I do agree with you, and I think there is probably a valid argument about both situations
☝️
DM for my assistant asking about something profitable in Crypto currency. BTC, ALTCOIN, ETHEREUM, CAD..
I will forever be indebted to you you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs. Annajn
Mrs Annajn changed my life because of the huge profits I got from investing with her.
You invest with Mrs Annajn too? wow that woman has been a blessing to me and my family.
I’m new at this, how can I reach your broker?
You can communicate with her on telegam, with the username below.
Annajn
And don't forget... with trust, you might bypass an inheritance to your children easily, probably.
Please confirm this
With trust you can exclude anyone. Or you can include anyone
But your children might be able to sue the trust (depending on state). They will lose but they might drain the trust.
Some states allow you to revoke a beneficiary is they sue the trust.
It's recommended to include a clause that you have specifically named all your beneficiaries and that anyone not listed was purposely left out.
Bypassing inheritance tax?
Depends on the country.
Some countries have closed that loophole.
The one thing i dont quite understand about all this is how they avoid taxes. If businesses own businesses upon business, I'm assuming the profits get passed up the chain eventually reaching the beneficiary of the trust by dividends payments. How are those not taxed at 20% or 25% or whatever it is in each country at every single step of the ladder?
isnt the holding company responsbile for the smaller companies that means if a small company went bankrupt they would go to the holding company to pay up "someone correct me if im wrong"
Small company is registered on llc ( limited Liability company ) so small company bank currupt then it's gone tell good bye and our money and properties like offices, warehouse, computers are in holding company, and holding company is also registered through llc so creditors and tax man can't touch our holding company....if your small company go to bank corrupt then open a new company next day that's so simple.....billinior uses s-corp, c-corp, llc, trusts to hide their wealth.... read a book " own your corporation " so you will know how rich people hide their money through corporation. i hope you understand.......😅
oh my duolingo English 🦜🦜🦜
Maybe if the American government didn't waste 99% of our funds, people wouldn't have to avoid high taxes. Wealthy people are essentially taxed more than 50% just from corporate and income taxes, not to mention individual state taxes for where they live.
It's honestly amazing how they haven't fired everyone and moved to another country.
The "good reason" to set these up is supposedly asset protection, but this also sounds kind of sketchy. If a company does something illegal and loses a case in court, they should be able to have assets seized. Otherwise how will they ever be accountable?
technically they will have their assets seized; but due to the structure the assets may not be that much, so whelp
Its a double-edged sword because not all the times the "something illegal" is either true or actually illegal, and can only be a maneuver to screw the business owners or put down the company for other shady reasons
Of course it's a "legal" loophole.
Well, if the ill-minded plaintiff has skilled layers they can sue you for literally anything. Protecting assets is an important role in establishing such entities, not illegal activities coverage. Famous search engine company is sued on a weekly basis for all possible causes.
Interesting how it only affects newbies to the business leaving the old guard unscathed with their financial empires intact. Now, it makes sense why all those major CEOs stepped down 2 years ago.
They also stepped down to bring in the next wave of servants to the Neo-CommuniFascist Fourth Industrial Revolution/Agenda2030.
Abolish all income tax - the real solution
Government is way more corrupt
How is money transferred from a holding company to a trust? And how is this taxed?
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life....
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@Bireshprema You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
I'm starting to understand why there were so many International Business majors at my business college.
“So I’ll be storing my cash in Bulgaria, how about you? Ah Cambodia, choice. Kelsey’s storing hers in Panama, classic reference right?”
Probably the best video on the topic. Most people sensationalize the offshore finance industry as how "The rich steal taxes from YOUUUU" but there's really nothing that complex or menacing about it.