How Exactly Billionaires Hide Their Money

[SuccessWheels]

Some NOTES here

1. IF YOU IN USA: Set up company in Bermuda Island. Keep 70% of your profit keep it in Bermuda bank, that way you will be paying tax only on 30% wherever you live. Corporate tax in Bermuda is 0%.
2. IF YOU IN EUROPE: Transfer all your profit into Netherland bank from Ireland(for eg) bank at 0% legal tax rate. Your dutch company immediately sends it back to first Irish company which simply a subsidiary of Bermuda company so money ends up at Bermuda with tax rate 0%
3. WHY KEEP MONEY ABROAD IF COMPANY CAN’T USE IT: If US government lowers taxes anytime then companies plan to bring it back. Recently Trump moved taxes from 35 to 21% which made apple bring most of their money back to USA.


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Its time to make billions & pay no taxes😜

[Riggsnic_co]

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

[NIKHIL-qkpd]

This isn't shit in front of my parents, they are trillionaires and they have hidden their money so well that even they can't find a penny of it.

[OleGeezerCirca]

How do billionaires hide their money? Under a big mattress overseas. 😊

[jesbensommichael]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[rogersnick]

This vid broke down everything so well for my economically-apathetic friends that they realized that they were only apathetic because they didn't understand it. Now they're watching more vids and reading "Rich Dad, Poor Dad." PLEASE never stop producing these valuable vids. You may not directly "feel it" but you're helping out the world so much.

[ricnyc]

Breaking News: the only people that follow the laws are the poor.

[johnbower]

21 million is only federal tax, that doesn't include state taxes where applicable and those are much higher.

[SanjayTripathi]

Make a lot of money and reinvest it for making more money.

[TheTeKuZa]

USA: China stole our IPR!!!!
Bermuda: Hold my Apple!

[cprogrck]

More people need to watch this and take the time to process and understand it. Although, the video only talked about personal income tax for a short period of time realize that those same tax advantages are available to everyone. There's so much information out there.

[GenExDividendInvestor]

Thanks for simplifying a complex topic. Eventually I think these strategies in the US will be removed as tax laws evolve to streamline and ensure tax generation, so that companies are paying more in taxes. As Buffet once said, his secretary pays more in % of her income in taxes than he does (because of capital gains and such).

[shivsagarverma]

THIS IS WHY FINANCIAL EDUCATION IS VERY IMPORTANT

[markmyjak]

The big companies not paying taxes are registered outside the the US. They do what's called a tax inversion. You merge with you foreign competitor.

Tax loopholes are tax deduction where one entity can take a deduction compared to another entity that can't .

[oggyreidmore]

A wealth tax would tax people on their net worth, meaning that the ultra rich billionaires and corporations would not be able to keep from paying taxes. All we have to do is set the number at something like over $10 million and it won't effect 99.9% of Americans. Also, we could charge a 100% estate tax on anything over $10 million. You are free to get as rich as you want in life, but you can't take it with you.

[caractacuspott]

I started a company and everything is perfect. So I am going to point at the board and sway back and forth to show this.

[Mr.Saephan]

I'll remember this when I go to sleep and dream about the millions of billion of dollars I have.

[hhjoji]

Filipinos: aight, imma hide my money in Jollibee

[jeremyleonbarlow]

The OECD, EU, and US closed the Double Irish with a Dutch Sandwich tax scheme you explained here as well. The new hybrid mismatch rules and anti-treaty shopping regulations as well as changes in local laws have brought these practices to an end.

[UnleashedGraffixx]

This was a really good video and well thought out. I just learned most of this stuff over this past year. I just watched the movie The Laundromat, which was about the Panama Papers fiasco. This video reminded me of that.