Europe Plans to Tax its Citizens WORLDWIDE?

Join us for the next Nomad Capitalist Live event:

Join us as we discuss the potential adoption of citizenship-based taxation in France, similar to the US system, proposed by a French prime minister candidate. Mr Henderson outlines the implications for French citizens living abroad, comparing it with the existing US tax policy for expats. He also explores the broader trend of Western countries considering such tax measures and emphasizes the importance of obtaining a second passport as a safeguard.

00:00 Start
00:39 French Prime Minister Candidate Proposal
02:27 Past Options for French Citizens
04:48 Comparison with the US System
07:01 Strategies for Obtaining Second Citizenship

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[andrescv]

First time I feel "lucky" to be a third world citizen. When you have a passport of a country nobody cares, you can be a global expat with less drama.

[tentimetex]

If France does it, then other EU countries will feel emboldened enough to do the same thing.

[froufou]

😱 I haven’t lived in France for 30 years, I wonder how far back they would go. Honestly, they have to be imaginative how to get more money from citizens Instead of Spending existing money efficiently - all politicians are the same!

[xavierhernandez]

I'm French. The political party who plan to do this will never be allowed near any power position. It also would never have strong enough majority in french assembly to pass any new law.

[cdt]

What a scam. Imagine if you did this in business. No one would ever agree to that arrangement!

[josiah]

The vast majority of taxes in Western nations does not go towards roads, bridges and infrastructure. It goes towards entitlement programs, special interests, pockets of the elite and foreign interests.

[ThePursuitofHappiness]

What a joke. Imagine, you moved to the UK 20 years ago. Never go back to France. Pay full tax in the UK but France thinks you should suddenly pay tax. LOLZ

[Elixir]

Many will simply renounce their citizenships and France will lose even more .
How about reduce the amount of politicians France and save money that way.

[therules]

It's a European thing, I am Dutch, and from 2025 the will implement a exit tax and wen you leave the Netherlands you have to pay 5 Years of income tax to the Netherlands

[VBTC-wddn]

They can take their French citizenship and shove it. That will be the response from anyone with a clue.

[hyperpedro]

I red an article about it. They can't technically do it. They need to negociate ALL tax treaties to make it work and France doesn't have the dollar to put some pressure on foreign governments to make new deals. So it would be limited to a few countries in the very improbable case it happens.

[HughJass-jvlt]

This is what happens when you need a _New Population_ to *Colonize...*
😂😂

[sebastiaanmaure]

Im Dutch, lived in Dubai for a couple of years, and emigrated properly. So registered in UAE, and not in netherlands. I kept my house in NL, and when I got back, I had to prove I really was not in NL. This included: medical bills in UAE, rental agreements, work contracts, car payments, everything. And I was obliged to keep on doing my taxes. When I got back and transfered my earnings to NL, the bank froze my account. Criminals.

[daynight]

WE THE PEOPLE MUST WAKE UP, WE ARE NOT SLAVES, SAY NO TO IT, VOTE THEM OUT, BOYCOTT, DO YOUR PART, BE SMART

[yannickherve]

France lost his way 4-5 decades ago, getting worst and worst (security, education, hospitals, roads). Lot of wealthy people moving out of the country ! Front populaire is not representative, but Gov needs money so more taxes to come...

[Phil_br]

They’re desperate to find money and then they’re wasting it, as usual.

[computername]

They say "tax the rich" and Joe Public likes to hear that. But what they really do is prevent anyone from breaking out of the working class by saving / investing.

[nicojapasmusic]

RIP Europe if they really try to do this. It would be the last nail on the coffin

[lestoique]

As a french expat I'm really worried about this annoucement, France is litteraly turning into a soviet state. I was thinking about giving up my french citizenship for the swiss one for a while and I will do it if I have the opportuity

[jcord]

Oh the irony, how the land of the free has blazed the trail for worldwide punitive taxation of its citizens. But we never let a touch of cognitive dissonance bother us at all.