The French Tax Trap (How it Could Hurt You)
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The Belgian and French Finance Ministers signed a new double tax treaty and protocol. The new treaty will likely enter into force on 1 January 2023 after its ratification. Fundamental changes to the treaty relate to rules concerning hybrid entities, the determination of permanent establishment, new withholding tax exemptions, and the introduction of anti-abuse measures. This will make Belgium less attractive to French citizens.
Wondering how it could affect you if you're not a French Citizen? In this video, Andrew will explain it and what you need to consider if you live in a high-tax country.
Andrew is reading this article: https://www.brusselstimes.com/....belgium/218701/belgi
00:00 Start
0:23 Belgium Will Stop Being a Haven For French Tax Avoiders
03:22 Taxes in Belgium
4:00 Taxes in France
5:00 Citizenship Based Taxation
6:39 EU citizenship
8:00 France Citizenship
9:02 Tax Incentive Programs
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I'm already trapped being born on Earth with Gov overlords.
And instead of donating your money to random strangers on the internet consider this financial advice = Save your money for yourself. Crazy investment advice I know. Be a minimalist. Avoid the biggest expense of all - women. Work less, spend less, more freedom to enjoy free hobbies like the internet and gaming.
France is the MOST TAXED country in the world ! FIRST on the top 3 MOST TAXED COUNTRIES in the world !!
California also tried to tax people who had left the state. Troubling trend that governments keep trying to prevent tax livestock from leaving, but failing... for now
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