France Introducing Worldwide taxation? : Leave Now

Some Politicians in France have indicated that they want to reform taxation in France and introduce Citizenship Based Taxation similar to the United States. This could have far-reaching impacts, particularly for French expats. Worldwide taxation means that citizens are taxed on their global income. This would mean that citizens of France regardless of the fact that they live abroad will be subject to tax and have to file taxes in France. While these changes have not taken effect yet and may not take effect altogether, there is increasing discussion about reforming taxation in France including introducing more taxes and wealth taxes. France Leftists' Plans Include 90% Top Marginal Income Tax Rate, which is extreme. We have seen some politicians in Canada and Australia tiptoe around the subject in recent years. Fiscal reform can have wide-reaching implications for many people.
At the moment France’s current tax system involves tax residents paying tax on income earned in France and foreign income is typically only taxed provided that a person is a tax resident of France. Non-residents pay tax on French-sourced income. This is not tax advice and for any tax information advice should be obtained from a qualified tax attorney.

While in the past, many citizens of France have sought to do residency by investment and become a non-resident of France, we have recently helped a growing number of French nationals pursue another citizenship elsewhere.
Ways of obtaining another citizenship include; citizenship by investment, citizenship by descent, citizenship by marriage, citizenship by birth, naturalization or other. Each means of getting citizenship takes a varying amount of time.

I am originally from Quebec and speak french. Other members of our team also speak French and we can gladly provide assistance in French.

JH Marlin we assist with citizenship & residence needs. We have helped 1000+ people with Caribbean citizenship.

- Antigua & Barbuda citizenship by investment
- Dominica citizenship by investment
- Grenada citizenship by investment
- Saint Lucia citizenship by investment
- Saint Kitts & Nevis citizenship by investment
- Malta citizenship by investment
- Turkey citizenship by investment

[loraine]

I do not get what would be the benefit of a 2nd passport? Does it imply revoking your French nationality as well? I would expect France to apply the same taxation worldwide rule to bi-/tri-nationals. Am I missing something?

[matthewnirenberg]

Its interesting how they've intentionally waited until 'options' have mostly disappeared for those who aren't multi-millionaires. Just looking recently - Caribbean CBI has mostly overpriced itself (and the USA & EU are still trying to shut them down - I've always said they'll never appease the USA or the EU), and, the vast majority of affordable residence by investment programs have ended.

The common trend seems to be countries "cutting off their noses to spite their faces". There's plenty of people who can contribute to and help create jobs in places that need them, but there is no legal way to do so as countries don't want to have visas, they simply want the "money really quickly" method of CBI.

There's an awful lot of people who have serious skills (engineers, scientists, programmers, doctors, etc.) and the right 'business background' to achieve it, who could benefit a lot of countries. Yet they can't because they've always been "not rich enough" to afford CBI ($300k USD is over half a million in the rest of the world) and because countries don't issue residence by investment visas.

If countries quit being 'instant money hungry' and were willing to, on a 'case-by-case' basis, let people apply and put forward what they want to do, then issue residence visas conditional to doing what was put forward, there'd be a lot more money and jobs in those countries. After-all, don't they want their locals to have jobs and to have industries that make the country money through exports and trade?


A great example how the EU is now trying to prevent wealth from leaving is the use of red tape / bureaucracy to limit what you can and can't do in regards to leaving (because you might flee with your wealth one day or night). The EU has permanently blocked many EU nationals (who live outside the EU) from recreationally sailing outside the country in which they live by virtue of the ICC. Generally speaking, the only way to "prove experience" as an EU national, is to have an ICC (it's ICC or nothing with Harbourmasters (they generally reject certificates and logbooks) when they require recreational sailors to 'prove experience'). The ICC is being demanded in most of the world as "proof of experience".

If one nationality is an EU nationality from a Res. 40 country, you are ineligible for an ICC unless issued by that country, OR, unless you have an ICC through another nationality. Where this becomes pointless is the ICC not listing an EU nationality makes it worthless in the EU (where you are required to use EU nationality), worthless on an EU flagged vessel and worthless anywhere you travel on an EU passport (as it gives better access to countries).

The EU doesn't recognise the IPC or SLC for EU Nationals, and, Res. 40 countries have residence based licences and their own residence based ICC. Given how everyone demands an ICC these days, it makes it impossible to do anything that requires it, thus limiting the individual to only sailing where they live. Since 2020, AU & NZ have changed their Marine Licencing to be in-line with the ICC but neither can issue an ICC and most countries in the world do NOT recognise foreign "recreational" licences even for short periods when visiting in a private vessel.

Its odd that people liken the ICC to an IDP (International Driver Permit) when its nothing alike. To get an IDP you show your licence to the auto-club and they simple stamp up and "register" an IDP that has your photo on it. Yet to get an ICC, private sailing associations expect you to redo your Marine Licence (at serious expense ($2.5-5k), theory and practical [offshore, coastal and inland (CEVNI)]), then the kicker is that your nationality becomes the most important thing once you pass. This means there's no point even "getting assessed" unless you're eligible beforehand, thus there's no way to 'prove experience'.

This was clearly done to limit people's movement because if it wasn't then nationality would have absolutely nothing to do with it, and it'd be like driving - you'd be able to show your licence, get an ICC and be good to sail abroad on your govt issued licence from where you live.

[abhishekks]

Hi.
I havd been gollowing your channel recently.

I am moving to cayman island for job.

I need your advice in investment options.

Hipe to hear from you.