Every now and then people here throw around the idea of giving up their US citizenship. Here's 20 short stories from some of those that have for various reasons... BBC News - 'Why I gave up my US passport'
8. Michael Hayes, Freigericht, Germany: With its draconian penalties and inscrutable or non-existent filing guidelines, reporting into the US tax system has become a major financial risk for Americans living abroad. I decided to eliminate this risk to my family and well-being and simplify my life. Thus I became a German citizen and renounced my US citizenship.
LoL at this guy
LoL at this guy
You definitely pay a lot of taxes in germany, but society as a whole does actually get something genuinely useful out of it.
I personally prefer countries with low corporate tax rates and high personal income tax rates like finland.
I recently had a convo with a german dude about why he prefers living in USA instead of Germany.
Basically his opinion was that the German system is essentially hardcore population enslavement and improving your status was very dificult. I imagine part of this is the high tax rate.
The nice thing about USA is it is still pretty capitalistic. Though it feels like this is changing slowly.
The thing about Germany is that yes taxes are high there. But a German can leave Germany and not be taxed on their worldwide income while an American can't do the same thing. So who's really enslaved more?
You definitely pay a lot of taxes in germany, but society as a whole does actually get something genuinely useful out of it.
I personally prefer countries with low corporate tax rates and high personal income tax rates like finland.
You definitely pay a lot of taxes in germany, but society as a whole does actually get something genuinely useful out of it.
I personally prefer countries with low corporate tax rates and high personal income tax rates like finland.
Yea, and theyre playing with the idea of installing worldwide taxation for their citizens. Because it became feasible.
You only report and get taxed on what you actually paid yourself personally, and not what your company or holding company made, since the money is never paid out.
The Netherlands right now is the hardest country in the world to get citizenship, followed by Germany. This is a result of bad decisions made in the 70's when they brought in cheap labor from North Africa to solve their underemployment issue, only to realize that everyone would stay, start families, and bring their extended families. Hence, the social systems are taken advantage of, prices rise, and the gov't gets less money. For me to get my citizenship here, I have to wait 7 years, pass a 4 part test (speak, listen, read, write) plus some other things. This is also taking a hit on small business in the NL since it's becoming less attractive to come from outside the walls to open here, as well as self employed visas for non-NL people are on the brink of becoming impossible.
The Netherlands right now is the hardest country in the world to get citizenship, followed by Germany.
I recently had a convo with a german dude about why he prefers living in USA instead of Germany.
Basically his opinion was that the German system is essentially hardcore population enslavement and improving your status was very dificult. I imagine part of this is the high tax rate.
The nice thing about USA is it is still pretty capitalistic. Though it feels like this is changing slowly.
Someone here should just start a new country. Make it an expat paradise.