International Tax Planning for Residents of France
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- Опубликовано: 16 ноя 2020
- Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: clarity.fm/michaelrosmer
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Taxes in France can be quite high.
Personal tax is as high as 45% for the highest tax bracket (anyone who makes over 157 000 Euros per year) plus 17,8% in socials and 3-4% extra income earners.
Corporate taxes are 28% plus there can be some additional surcharges plus more if profits are high enough. Basically, it can go well over 31%.
So, it doesn't surprise why many French residents are looking for options to reduce their taxes. Here is what you can do to legally reduce your taxes if you live in France.
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I am french and what are saying is spot on. You seem very knowledgeable as an outsider.
Thanks, we're specialists in at least the international aspect of tax so...
@@MichaelRosmer I could really do with your help. Best regards, Sandra
@@sandramueller4606 definitely please reach out do you have the links?
MOVE... best tax planning for French citizens.
Haha very true but you know some people love it
They love the torture lol even French are leaving
I dont want to
Thank you for the video. We would be pleased to exchange and share our recommandations on this issue🙂
Feel free to contact us
He forgot to mention the current French wealth tax on real estate for those with real estate assets over 1.3 million USD (applicable for worldwide real estate assets)
this is what i came to learn more on.
How to avoid corporate tax in France.
Do you have any formal training?
Very nice vidéo I'm French but I'm always terrified to see the taxation system out here
Thanks!
Hope the video has helped ☺
Is it true that France does not tax US social security benefits to US citizens who legally reside in France?
Yes it is. Indeed all US source pension income (IRA 401K etc) is exempt, although it will be considered in determining taxes on other income.
So if the european jurisdiction of my company has a tax treaty with france I will not have to pay double taxation? I would have to declare it here anyway. Would you recommend using paypal for that sort?
I was also wondering if there was a problem to be a tax resident here under a permanent contract (CDI) under an employer but also be able to have your own business operating in a foreign country. I wonder if the french authorities consider it legal here.
also, When you say i need to be formally foreign tax resident in the european jurisdiction does that mean that I have to be operating outside of france to not be considered “french income” will that consist of renting offices and addresses in the EU?
Thanks a lot for what you do
Please send us a message through www.offshorecitizen.net for specifics
what if a french citizen made some significant gains on crypto and US stock as an individual ? how does he avoid or reduce his taxes legally ? by creating a parent company in france and a subsidiary one in europe like you suggested or it's a different situation ?
Open a bank account in puerto rico
How many consecutive months you have to pay, and how many days you can get the card if you pay.
What do you mean?
@@OffshoreCitizen How many days do you get the card if you pay tax in France?
So, i have residency in France and own a business in the USA, can I just add a family member as a business owner and then I am not taxed on foreign income in France?
This can get quite complex and they go to great lenghts to check the validity of these things. It would be best to consult on this first
@@OffshoreCitizen who would I consult? I spoke to my accountant and he didn’t know
@Offshore Citizen Hey Michael Do American retirees have to pay taxes on capital gains, If they move to France ? As you know Americans do not have to pay any capital gains on the first 40k (80K if you are married). So long as that is their primary source of income in retirement.
If they live in France they are taxable according to the French tax rules so yes
@@OffshoreCitizen thanks
@@sunmand6136 @OffshoreCitizen this is incorrect. There is a specification in the french-american tax treaty that allows americans to bring to France their US capital gains on US tax basis, so tax free up to 80k. check this video around 21min.
ruclips.net/video/EeGF6rFr2O4/видео.html
@@SashaOrwell Thanks Sasha.
@@SashaOrwell Sasha Great find, thanks for this. So then this confimrs it , there is no french tax on U.S sourced Capital gains, per the U.S French tax treaty. As the gentleman says in the video, it is the BEEKNEES! Thanks Sasha for also nailing the exact segment, it is between 21 and 23 minutes.
Is it true cypto tax got lowered from 40% to 19%?
How France taxes crypto depends on the type of transactions
@@patienceisalpha exactly, so being a crypto trader in France can be quite profitable
@@MichaelRosmer is there a difference pf resident and managing business from having business but no claimed household residency?
@@nicoblaytherealflamingo445 not totally clear what you mean here?
Residency isn't a function of having someplace registered it's about factual tax residency
@@MichaelRosmer alrighty,the American girl who was attacked a few years ago on the bridge just so happened to live next to me in so cal. Family sued and got more money because of insurance comp. Had tax problem. Do youvuse pay pal business? I know pp has trickery
What about E-estonia ?
We have some videos about Estonia you can check out, if interested: ruclips.net/video/yFeOra-MNb0/видео.html
ruclips.net/video/LTWJ2o7wy0Y/видео.html
ruclips.net/video/-Cacvqe4zYI/видео.html
However, none of them cover tax planning. That's definitely something we can make in the future. Thank you for the suggestion!
Look up CFC rules. You can't just setup a company elsewhere - it's not that easy to escape the taxman.
@@MW-vg9dn it’s not about escaping, it’s about reducing tax.
@@themarketingchip2874 Yes, reducing. You can't just set up a company elsewhere, they are already prepared for this "trick" with the CFC rules. France will simply consider it as a French company and tax accordingly.
You'll need a "substantial economic activity" in Estonia or a business partner so that you don't own the full 100% of the business.