09-21-26 carib
| https://en.wikipedia.org/wiki/International_taxation |
|
09-21-26 carib
Victor: I do not remember all the facts, but there are a few nations that discriminate citizens on tax matters, starting from the USA (and eritrea). I think Hungary and Cyprus too.
|
|
09-21-26 victor
carib, so ph citizens are discriminated in such an obvious way?
must be terrible to be a ph citizen. |
|
09-21-26 carib
As Merz said today.. it is easy to catch votes promising easy solutions that are appealing but do not work, as anybody with experience in governing (or managing a business) knows..
Fooling fools is not a hard job.. |
|
09-21-26 carib
About the Berlin "expropriations"... as far as I understood, it is an electoral vote catcher trick.
In practice, to expropriate large corporate RE estate owners, the Berlin State would have to pay them about 30 billion €.
Not clear where the state would find the money.
The Linke german-italian co leader said.. it will take some years to find a solution..
I see the USA also adopted this year a bill limiting corporate RE ownership..(no retroactive effect) |
|
09-21-26 carib
Victor:
Resident and Non-Resident Aliens: Taxed only on income originating from within the Philippines
not so for citizens. |
|
09-21-26 victor
fortunately, merz is (still) around
//
Merz veta la gran promesa de Die Linke: "En Alemania no habrá expropiaciones de viviendas"
21 septiembre 2026
El canciller Friedrich Merz lanzó este lunes un veto frontal a la promesa estrella con la que Die Linke ganó las elecciones en Berlín: expropiar a las grandes sociedades inmobiliarias para transferir a manos públicas unas 220.000 viviendas y contener sus alquileres. "En Alemania no habrá expropiaciones", sentenció Merz, que recordó que el Gobierno federal prepara una ley para impedirlas y se mostró convencido de que será aprobada muy pronto.
El canciller ya había advertido antes del paréntesis estival de las consecuencias que esa amenaza tendría para la imagen y la seguridad jurídica de Alemania. "En todo el mundo se preguntan: '¿Qué está pasando en Alemania? ¿Tenemos que contar con expropiaciones en Alemania?' Y nuestra respuesta será muy clara y contundente: 'no'", afirmó en julio. "En este caso concreto reaccionamos con una ley que prohíbe la expropiación de empresas inmobiliarias, y podemos regularlo mediante una ley federal".
El argumento de Merz es que una decisión adoptada en Berlín no se limitaría a la capital, sino que afectaría a la confianza en Alemania como destino de inversión. La amenaza de expropiación ahuyentaría el capital privado necesario para construir las viviendas que faltan y sostener el desarrollo económico de una ciudad-estado fuertemente endeudada y con enormes necesidades de inversión.
El pronunciamiento del canciller abre un choque frontal con Elif Eralp, la candidata de Die Linke que se impuso en las elecciones con el 25,7% de los votos. Eralp ha convertido precisamente la expropiación en condición fundamental para negociar una coalición de gobierno con los Verdes y el Partido Socialdemócrata (SPD). "Siempre he dicho que, si Die Linke entra en el Gobierno, habrá socialización", declaró este lunes. A su juicio, la medida es "jurídicamente posible, financiable y uno de los mejores instrumentos para mantener asequible la vivienda". |
|
09-21-26 victor
germany.. such a nice country :-))
September 21, 2026
Far-left leader pushing to lead Berlin says city has voted for change
...
Famously described by former mayor Klaus Wowereit as "poor but sexy", Berlin has become increasingly expensive and its once famously cheap rents are now a thing of the past.
Eralp has pledged to expropriate more than 200,000 housing units from corporate landlords in a campaign which saw the party, whose roots lie in the former East German communist party, make gains in central and western areas of the city as well as its traditional strongholds in the east.
"I still stand by that," she said on Monday, despite questions about how to finance a move the centre-left Social Democrats estimated would cost some €20 billion ($22.94 billion).
|
|
09-21-26 victor
carib, Philippines have territorial taxation
no, it's global.. afaik.. they used to be a usa colony |
|
09-21-26 carib
Mo-mon: I think the Philippines have territorial taxation, so one can happily bank in Singapore, legally avoid any tax on capital income and gains (except local assets) and just need a tax residence certificate stamped. No CRS is relevant to the matter.
Correct? |
|
09-21-26 carib
Eu commission fined Google over 100MM for geolocating its customers and keeping data longer than allowed by EU law.
The real battle for privacy, IMHO, is with big data and AI, with facial recognition devices spreading. EU is far more protective of privacy than US and China, on this. |
|
09-21-26 carib
Ft
Revolut’s loan-to-deposit ratio, a key metric of any deposit-taking lender, is an unusually low 6 per cent. (The typical bank hovers around 100 per cent.) But in line with his low-risk, capital-light mantra, Storonsky insists he will go nowhere near the norm. “We don’t plan to have exposure of more than 10-20 per cent,” he says. Even those loans that Revolut does bring on to its balance sheet will be sold again in whole, or through securitisations. The model, he says, is “to have effectively zero risk for the business”.
Maybe we will all end up banking with Revolut..
|
|
09-21-26 carib
Saylor (strategy) up 65% in the last 40 days.
someone still likes Bitcoins.. |
|
09-21-26 carib
Savo: no offence intended, but "ranting" means being angry at something on which we have no control, and repeatedly talking about it.
Now, I find the idea of moving to Russia in order to enjoy greater freedom as.. extreme and baseless. Try moving to moscow and rant against Putin on line, just to get a taste of it.
My guess is if you already have a very large bank account in a non-eu bank without an EU branch, nothing will happen to you if you move to the EU, except for CRS.. but if it was me, I would hold a personal account with a bank with EU branch, and a corporate account with the other one.
There are enough problems surrounding us to spend our time talking about them. Better concentrate on solutions, IMHO. |
|
09-21-26 savo
| thank you mo-mon for the comment... Unfortunately my children and grandchildren are well spread in this hemisphere. But I would more east otherwise. |
|
09-21-26 savo
carib... this conversation started because amateur said:
Decadent civilizations are more pleasant to live in than totalitarian powers
to which i more or less answered that the EU has become a tax, surveillance and digital tyranny not a decadent civilizaton.
You said my view was extreme.. and I argued my view.
No you say I rant. Can you explain to me how we can exchange ideas without accusing me of ranting when you do not like what I say?
regarding banks... I do not want to bank in a bank that has offices in the EU.
What the EU is saying now is that if I want that i can not be resident in the EU. That is a serious curtailment of my freedom.
|
|
09-21-26 carib
| Savo: on non eu banks.. the purpose of the directive is to bar non EU banks without a EU branch to fish for new clients in the EU.I personally did not see the need of such a directive, but there are plenty non EU banks with EU branches available, or one can just bank via non EU corporation.Problem solved. |
|
09-21-26 carib
| TACO on Houthi, I presume.. |
|
09-21-26 carib
| Merlino: problem is AI could take control of weapons, or robots that re connect the electricity. |
|
09-21-26 carib
Savo: we have very little influence on rule-making, but we can decide which plane to board, and where to spend time and money.
In this, it is wise to adapt faster than the rule changes.
The rest is mere ranting, even more pointless if one does not vote nor buys political influence.
The "second homes" issue is a spanish one, not a EU one. EU only makes guidelines, mostly non-binding.IMHO there is no need of EU guidelines on housing.
On Italy, to get exemption from reporting you need to pay 300K€ a year flat.Unless you chose that path 3 years ago, and pay only 100K.
Greece is still 100K, and have plenty islands.
Now Greece raised taxes on non EU house purchases to 15%. No EU, just national decision. |
|
09-21-26 Merlino
“our model escaped containment. this is terrifying.”
................
Can´t any human being just unplug the system?
They are running on electric power, after all, and are unarmed and helpless, I presume |
|
09-21-26 savo
| sorry .. not china... india... |
|
09-21-26 savo
gold spot in china 4,972
gold spot in the west 4,343
14% difference
https://metalcharts.org/metals/xau |
|
09-21-26 spal
First Squawk
@FirstSquawk
·
2m
Oil tanker crunch risks keeping gas prices higher for longer — WSJ
===
WSJ ... finally realizes ...
Schpal moves up his stops. |
|
09-21-26 spal
AI lab: “our model escaped containment. this is terrifying.”
Everyone else: “holy shit, how?”
AI lab: “well technically the containment had a route to the internet and we gave the model hacking tasks.”
Fucking incredible.
Quote
New York Post
https://x.com/teslaxryan/status/2101522978383052926?s=20
Tech Bros are by definition full of shit. |
|
09-21-26 mo-mon
Savo, you may want to consider residing in the Philippines. No CRS if resident, low retirement cost, 7k islands to choose from. Cash still widely used.
|
|
09-20-26 savo
on second thoughts.. about people from outside the EU taking residence in some eu country to benefit from some low tax regime...
it may not matter whether they have to report assets (and accounts) abroad... Banks may choose to close the account of that client that is now EU resident.
Banks employees want above all to keep their jobs. |
|
09-20-26 savo
pana... i am not referring to invisibility... more to privacy and freedom to decide where to bank and how to make payments.
|
|
09-20-26 panasonic
Savo, it will be harder and harder to stay invisible, the alternative is to become visible and live in full.
Last suit has no pockets anyway. |
|
09-20-26 panasonic
| Goldman sees gold price @5400 by end of 2027. |
|
09-20-26 savo
on bank accounts abroad... you are thinking of people who come to europe to take advantage of some low tax program.
Fine... most of those do not require people to report offshore assets.
But what about the rest of the european residents that live under a tax tyranny. Why will they be restricted from opening an account abroad?
Regarding Italy... say..i am not interested in in the 250 k per annum program... but I am retired person interested in the 7% per annum if taking residence in cities with less than 30k inhabitants? Do I have to report assets abroad? I presume yes... because the 7% is calculated on that too. |
|
09-20-26 savo
carib... We have to adapt, and now at an increasing speed
that is the whole point... why do we have to adapt? why can things that worked perfectly well like offshore accounts or payments in cash have to be controlled and restricted?
Why do I have to move to Zug to live a secluded life without government interference and control over in my movements..financial affairs... real estate investments, etc...?
Our parents and grandparents lived perfectly un-surveilled lives paying everything in cash...why can't we? because there is technology? Technology is supposed to improve the life of people not the power of the satanist in brussels.
That is the problem with the fake democracy we live in... the word democracy is used to justify the worst atrocities against freedom, religion and property.
|
|
09-20-26 savo
carib... this was the article I read:
https://www.libertaddigital.com/libremercado/2026-09-13/bruselas-amenaza-la-compra-de-segundas-residencias-y-las-senala-como-causa-de-la-subida-de-precios-7458784/ |
|
09-20-26 victor
pt.. encouraging
//
Moscú, blanco del mayor ataque con drones de Ucrania
Al menos dos personas murieron y 20 resultaron heridas. Una importante refinería también fue alcanzada |
|
09-20-26 panasonic
Meloni taking some measures:
https://www.nbcnews.com/world/italy/italy-ban-veils-schools-limit-foreign-students-class-giorgia-meloni-sa-rcna598776 |
|
09-20-26 carib
| Greece (100K flat): No requirement to declare underlying foreign-sourced income or capital gains to Greek tax authorities. |
|
09-20-26 carib
| Venezuela, opposition faction weighing deal to move $4 bln in gold to US from UK, from London to Fort Knox. |
|
09-20-26 carib
| Ireland: non-dom system still on, with no time limit (but rainy weather) |
|
09-20-26 carib
Amateur: Italy (300K tax scheme) does not require to declare offshore income.
Portugal (IFICI+) requires to file, and excludes "tax havens".
Malta: I do not think requires filing, but not sure.
Same for Cyprus.
Gibraltar (cat 2) I do not think requires filing.
Luxembourg has tax secrecy for residents, who bank locally.
Montecarlo.. clearly beats Russia, in terms of safety and location. |
|
09-20-26 amateur
Well, gathering of data is difficult to skip, I don't believe a Russia residence would be any better. Probably worse.
There is a bright side, too. UK may have limited its Non-Dom system, but in the meantime you have fresh alternatives from Portugal, Italy, etc.
I dont know if those countries let you keep your offshore banks, or if they require you to file yr worldwide assets even if untaxed. Probably not. You could live there and keep yr pot in Narnia.
That is certainly the case in Uruguay, 10Y tax holiday and no filing of overseas assets.
|
|
09-20-26 spal
penAI's Sam Altman to brief UN Security Council next week
====
Altman - same vibes as Elizabeth Holmes. |
|
09-20-26 carib
Wall Street banks are expecting the US to borrow up to $1tn over the next year by selling short-term Treasury bills as part of a growing dependence on quick-maturing debt that leaves Washington vulnerable to rising interest rates.
The US will borrow roughly $1.07tn excluding money raised to pay off maturing debt in the coming fiscal year to September 2027 through issuing bills, according to Bank of America forecasts. JPMorgan expects $1.09tn of bill issuance in calendar 2027, while Goldman Sachs forecasts $961bn.
|
|
09-20-26 carib
A worldwide shortage of motor oil is becoming more acute, with prices of the car engine lubricant reaching new highs, oil-change shops running dry and a US retail group rationing sales to do-it-yourself customers.
My electric cars do not need petrol, or "motor oil".
:-) |
|
09-20-26 carib
Disclaimer: I think the EU should concentrate on the Draghi plan, not try to regulate the housing markets, which remain very different in different countries.Just a personal opinion.
Brits have to blame Brexit for their own plight. |
|
09-20-26 carib
Ok: I found it!
To avoid housing pressure, the European Union is preparing legal backing to make it more difficult for citizens from other countries to buy holiday homes in the bloc’s territory. The measure comes from popular holiday destinations, such as Spain, which blame foreign investment in housing for rising property prices.
1) it is not a LAW. the EU does not adopt laws. It is a draft to provide guidelines. Single countries can still decide if and how.
2) Nothing forbids non-eu citizens from investing in EU companies, and EU companies can purchase real estate in the EU.
Information terrorism.
|
|
09-20-26 carib
Savo: this is just technological development, to a large extent.
We do not live in our grandparent's world. It is a fact.We have to adapt, and now at an increasing speed.AI will further accelerate.Just move to Zug with a tax forfait, if you prefer.
I did not get the info about second homes in the EU.. but taxation remains mostly national.Do you have a link? |
|
09-20-26 Merlino
"No es necesario esperar un acuerdo global de reestructuración para abrir canales de financiamiento y los fondos de inversión internacionales mostraron disposición a participar”
"El marco de reestructuración de la deuda de la República y Pdvsa definirá las opciones de financiamiento de las empresas petroleras nacionales durante el proceso de reestructuración"
https://noticierodigital.com/2026/09/capital-nacional-anuncia-iniciativa-para-estructurar-financiamiento-internacional/
.........................
My reading is that some people/interests are acting to separate bonded from commercial debt |
|
09-20-26 savo
carib.. it is a process... and it is happening.. bit by bit... more controls... more surveillance.. more limitations... more taxes... more restrictions to dispose of your money or property...
think of the kind of un-controlled... un-surveilled... un-taxed life our parents used to live... and compare with today's controls..surveillance and taxes......
it does not matter that some internationlal banks may have offices in the eu... by definition that is not the bank in which you want to have your assets... the fact that they are coming with that tells you where they want to go...
same with second homes...
not long ago you could come from outside the EU with an EU passport... they would open it at the border and nothing else.. now they scan it...
there are many examples... try opening bank account without coming up with a zillion papers about your past life until you were born... try depositing 50 euros and a third party bank account... try going to a bank to pay taxes in cash... |
|
09-20-26 Merlino
IMHO recent war events have demonstrated that:
................................
Carib, Yes |
|
09-20-26 carib
Savo: that is in my view an extreme, unrealistic view.
The EU is not an ideal place to make money, but still the global region with the highest quality of life, in my opinion. For how long.. that I do not know.
I have been living in the EU for the largest share of my adult life, and the only specific case in which I have been kept in a tax prison.. is real estate held in Italy.
For the rest, global colores can find plenty legal ways to avoid any "tax prison" in the EU.
For example, your claim about limits on holding non-eu bank accounts.. is wildly exagerated in practice: most large non EU international banks have subsidiaries in the EU, besides the "grandfathering clause", and the exclusion of local corporate accounts.
It just requires wisdom, flexibility, and constant adaptation. |
|
09-20-26 savo
the following step being discussed now in Brussels is limiting second homes. Real Estate prison.
|
|
09-20-26 savo
amateur... the satanist union is already a tax prison from where it is very difficult to exit...next year will become a bank prison where EU residents (EU nationals or not) will not be able to open bank accounts outside the union unless that foreign bank has offices in the EU.
There are still some low tax regimes in europe... wealthy individuals from outside the EU wishing to take advantage of them and set up residence will have to bring their money to the EU. In the future the EU may want to decide in what they can or can not invest... .. anything can happen once your money is inside the cage.
By 2029 the EU becomes a digital prison with the digital ID and the digital Euro...by then the Brussels satanist will have full control of your life... they can program the digital euro and control in what you spend your money or if you can spend it at all... and through the digital ID control all your movements and limit them if they wish so. |
|
09-20-26 amateur
| But I would not move out yet, Savo. Decadent civilizations are more pleasant to live in than totalitarian powers 🙄 |
|
09-20-26 amateur
“The Ukraine war and the Middle east war are interlinked with front actors just being proxies for China.”
Indeed. With low cost for China, and large cost for the US. Its like a chess master faced to an apprentice…DT mercantilistic mind cannot understand deep strategy, shouts BS against China but is substantially a Chinese puppet. |
|
09-20-26 spal
The US is preparing a large-scale military operation against Yemen's Houthis in retaliation for their strikes on Saudi Arabia, with the Camp David meeting held to review Yemen strike options, shortly before Trump left for the White House, per CNN.
B52's left the UK a few hours ago. |
|
Board
