How to Escape Rising Crypto Taxes and Wealth Grabs

What does the future look like for crypto taxes? In this video, Andrew discusses the benefits of cryptocurrency as well as the challenges, ways you can avoid crypto taxes, and a new special Nomad Capitalist offer.

0:00 Start
0:01 Crypto
9:51 Nomad Mastermind

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[MarkRose]

That's fairly priced for the expertise.

[Nasenmann]

As a European: go to Portugal and live there for the majority of a year: Pay 0% Tax on Crypto. If anything changes to the negative then go to another crypto-friendly Country (for example Malta). Go where you treated best. Don't fight the system: just leave it.

[UltimateBargains]

We are free-ranging slaves living on the tax farm.

[paial]

Don't "buy stuff". Pay for expenses with a credit card from a offshore account. Feed that account from your cripto.

[thedcrypted]

Governments simply are going where they are treated best...your pocket.

[rnlt]

Taxing someone's crypto holdings is a kin to taxing someone's winnings while they are still at the roulette table in a casino. They don't know how much money they have until they cash out.

[BobSmith-brhk]

The mastermind is also a good networking opportunity to do potential business deals or get intros to other ultra high net worth clients. It does not hurt to have a few crypto billionaires in your Rolodex. Glad to see you are bringing back the masterminds, Andrew.

[bryanfeliciano]

I'm investing so much into new emerging cryptos in hopes of getting to leave the US. It's kind of ironic I'd leave the Us in search of freedom.

[kingmike]

If I understand taxes correctly. If you keep the investment a year than the capital gain tax is only 15%. Shorter term gains are taxed at your income tax level.

[chrisgt]

My question is why would you ever want to sell your bitcoin when you can use it as collateral to take a loan out (50% LTV, 5%apy)? Assuming bitcoin grows 100% each year, you're earning 95% tax free interest and paying zero tax on the loan while avoiding capital gains tax if you sold. Makes sense to me.

[simcptmike]

Andrew i enjoy your videos. I'm a new subscriber. Im a common citizen and nowhere near a fortune holder. I find intellectual value in your videos and i like the way you speak and use your words. It keeps me engaged. I'm beginning to educate myself about crypto as of recently. Thank you!

[shayneduncan]

Need net worth of 5-10 mill for 80k expense to be worthwhile.

[craigm.]

Turning in my USA passport in 2 years...and selling our 3 houses in next 6 months...it’s not worth the risk anymore... who in their right mind would live in USA anymore.... we live a better life on half the budget in S Bavaria in the Alps.... and better schools, and healthcare....what more can we need. Love this channel

[magnolya]

Something else that's going on- Discover Card Services via Equifax is 'requesting' 3 years of tax info from approved card holders, fill out form 4506-T or account will be closed.

[petarz]

1990s internet was truly a golden age 😥

[sparcxchannel]

The problem is that countries that has no regulations doesn’t mean they are friendly they are just lagging... US is ahead of many countries in a matter of taxation but others can follow suit. You should take that on consideration

[DonaldAppleberry]

Been watching your channel for a while. I'm pretty worried about the recklessness of policy makers and their spending/printing. I'm in the US. Almost to the level where it would make sense to reach out. Keep putting out solid content! Just did a quick video on inflation and tried not to rip my hair out while talking about it. The next 5-10 years are going to be wild.

[MacroAnarchy]

You definitely hold the crown for the most entertaining person to talk about regulations, laws and taxes!

[pst]

According to data from the existing tax legislation, we come to a conclusion that profit from trade in cryptocurrency is not taxed (rate – 0%), because “The Cyprus Tax on profits from trading in shares or other securities, including forex or bitcoins is 0%”

[DonPavardenis]

Oh guys we need to post this to Crypto Twitter some good content here. 👍