This company sells passports to Americans looking for a tax break on their bitcoin profits

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Plan B Passport offers crypto-rich clients a path to a second passport in their pick of 7 tax-haven states, all of which are exempt from capital gains taxes on crypto holdings.

Russian expatriate Katie Ananina has spent the last three years helping people dodge taxes on their bitcoin gains. It is all part of her mission to stick it to the man, one case of tax avoidance at a time.offers crypto-rich clients a path to a second passport in their pick of seven, mostly tropical, tax-haven states, all of which are exempt from capital gains taxes on crypto holdings.

"If the government starts affecting me, I will take all [my assets] into my hands and go elsewhere," she said. Marais, who has significant experience advising clients on cross-border tax structuring, told CNBC that that this kind of passport purchasing scheme is commonly found in tax havens -- or what are sometimes referred to as "International Finance Centers."

So let's say the taxpayer purchases one bitcoin for $10,000 and sells it for $50,000. This individual would face $40,000 of taxable capital gains. A second passport doesn't automatically solve their tax problems. This person opted for the "premier" Caribbean passport, as he describes it, since it is the oldest and most reputable of the programs and offers the most visa-free travel.

 

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You are reporting this wrong!!!!! You can’t avoid your US taxes. You would have to renounce your citizenship first. It’s about travel not tax breaks.

It’s KatieTheRussian

I’m watching $70k-$71k as the next resistance for Bitcoin if we can break this range with confirmation then the 2nd half of bull market is starting! I’ve been following & taking rawkz_t tweets and every single tips seriously I’ve been doing superb Follow her!!

What company . .. ❓🇺🇲💀🚬

sorry, doesn't work that way. once an American, taxed as an American regardless you're on mars or not. common sense.

They are cute. Try getting back into the country using one of those.

And how long will it take Smokin’ Joe to shut that crap down? 3…2…1…

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And so, which such a far-gone conclusion, there will be no more tax havens world-wide after Hyper-Cap-Soc derived from NICs. We don't need anyone's money. We need to give people Power.

...which will lead to everyone receiving vast sums of money from the distributed dividends of highly profitable corporations along with all the Governments of the world, thusly discontinues the need for taxation as they will all become self-sufficient.

... that are mapped to authoritative bodies for verification therefore isolating, for instance, one's Congressional District, for a Rep to filter the desires of their constituents so they can proceed accordingly, we will create Hyper-Capitalistic Socialism...

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Fun people.

this is old and retarded blow off top coming in all markets btc to 180k by feb 1 2022

this is terrible news

JBoorstin KenzieSigalos So where is sleepy joe on this ?

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KenzieSigalos this is terrible news

KenzieSigalos Do I need a civic address somewhere on this Earth in order to get a Plan B Passport?

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What is this crap? Encouraging people to commit tax fraud through a short term loophole?

I have been making huge profits in real time, the crypto market has been a source of great income for me, all thanks to cryptocandice2, she is a great job managing my portfolio.

If you are an American, you owe taxes on any income or capital gains no matter where in the world it originates. Having a second passport does nothing to change this. If you renounce citizenship, you have an 'exit tax' equal to any gains you would have by selling everything.

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horrible

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The US dollar is failing

Throats from Tunisia France wants a civil war in my country Not only did she take our wealth, she took her freedom and imprisoned our freemen

CNBC shilling tax evasion strategies for clicks. On brand.

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It would be great if the USA could become a tax haven so the rich can start investing in this country again…

This COULD NEVER go wrong, lol

It blows my mind that cnbc is just publicly telling people about tax evasion

KenzieSigalos The govt sees value and production in crypto, so they run to seize and control it- golden goose Like the parasites they are. If they are unable, they'll simply destroy it. To keep their power and gamed system of financial system and currency manipulation which bifurcates wealth.

KenzieSigalos So vaccine passport is bad but passport to dodge taxes is good? Got it!

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mr_jettlife Koolie_T

No a state without income tax is what is needed. Some have no capital gains tax. But that means it is treated as ordinary income at a higher tax rate.

Chck the

Escaping taxation is a little harder than just getting a pasport

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All taxation is theft. The IRS is a private company.

Meanwhile, back at the ranch, they tryna report every $600 put in your bank account to the IRS. How is that taxing the rich when schemes like this float through? Once again the little guy gets screwed & the rich keep hiding the mula. 👀 RepKatiePorter ewarren RepMaxineWaters

So making a donation is just like buying a passport of the county you moving to right? No return on that investment other than tax avoidance?

MartinLitwak ves necesario el cambio de ciudadanía?

CNBC/Republicans & MariaBartiromo Vehemently PROTECTING The Interests Of The RICH & FAMOUS 24 Hours a Day 7 Days a Week. ffweekend foxandfriends willcain RCamposDuffy LeaderMcConnell GOPLeader JoeSquawk SquawkCNBC SquawkStreet SeanHannity JackPosobiec

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K

Plan B passport, could’ve used one of those in college! would’ve saved me a TON of money!

That is the plan

Stock to flow

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WTH. All Americans pay taxes expect the wealthy? Okay, good to know.

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thanks

If only their mothers took Plan B

KenzieSigalos D'où les pigonus stupidus ne récupèron jamais leur mise dit d argent officiel de leur pays nationale sous aucun forme légale dit dollar dit yen dit euro dit diram dit franc et encore moin sous plus valu immobilier et act de propriété ni or ni diaman d'où acheté mes pa récupérable

KenzieSigalos It’s amazing Plan B get free advertising through the news. Wonder what the Plan C will be when governments work out a way of getting that tax paid. What the heck happened to Plan A?

If US considers crypto as a currency, everyone and their mother would switch and the dump the dollar.

Tax haven not, US global taxation rules apply where ever a US citizen or perm res is. They would need to be ex-Americans to get the benefit.

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You can outrun taxes and death for a while but they both catch up to you eventually with interest in most cases

Sounds like a scam.🤔

wow

Hope people don’t fall for this. You can’t just leave the US and skip paying tax on your appreciated assets. There are MTM deemed sale rules and people will owe tax as if they sold. Obviously if they don’t pay tax penalties and interest will start accruing and it can get nasty.

The only Plan B I know is 100trillionUSD .

'I'll change my citizenship over a worthless ponzi scheme!'

FBI CIA

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Are those countries also exemple people for being triple jabbed in order to live there ?

10% Tax At My Origin + 10% Interest = 0 !

KenzieSigalos wow

So what your saying is your providing a pathway for ppl to be charged with tax evasion which is highly illegal in the US unless ur a bank or hedgefund.

Or Puerto Rico 🇵🇷

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KenzieSigalos is now a reality the cryptocurrencys the business internet everything

KenzieSigalos Seems like this needs to be fixed.

KenzieSigalos Right on!! If the government actually spent money with care and concern then I would be upset. Fuck evade evade evade. Thank you TIPS!!

KenzieSigalos Fine

KenzieSigalos wow

Good for them lol they figured out and are doing same thing all those w wealth are..

Buried the lede. This scam is useless. 'When a U.S. taxpayer expatriates, they are generally subject to the 'exit tax,' which is essentially a tax equal to what the taxpayer would be subject to if they sold all of their property the day before they gave up their citizenship,'

How possible

You don’t pay any crypto taxes if you get “hacked”.

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Wooohoooo

More Nazism

But Skeleton companys all over the world dodging Trillions in Tax is OK? GTFO

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thanks

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