I am 50% Panamanian and also by birth. I was born in Panama 🇵🇦. I wanted to correct you on something Panama never ditched its currency because it never had one. Once it took its independence from Colombia and became it own country it adopted the US dollar immediately.
I had an ex girlfriend who was Panamanian. She was an international student at my University. She took me to Panama and showed me Panama City and it is amazing. But once you leave the city its a completely different situation. The town of Penonome where she was from was fine, but some other towns like Colon and David were something else. The country has an amazing culture, but the wealth gap is huge and poverty is real there.
@@skellurip Iraq and Afghanistan were invaded too and they aren’t anything like the US. Was this just your attempt to bring up the brutal dictator that was working with the drug cartels? Manuel Noriega?
@@Homer-OJ-Simpson still not a reason for united states to invade another sovereign country yeah they tried and failed miserably united states tried to make Afghanistan a capitalist liberal democracy but failed so hard they run like a dog with tail between it legs in 2021 and now us under biden tried to starve Afghan people by stopping aid, stealing their money and punish them collectively with myriad of sanction us invasion and occupation of Iraq they - killed many Iraqi people in the process - literally didn't find any weapon of mass destruction - destroyed fragile social structure in the region that led to chaos and the creation of Islamic state - failed to create any functioning economy and liberal democracy institution
@@skellurip so I was right - your argument sucked terribly and you just wanted to bring up unrelated things to defend a brutal dictator working with cartels.
who cares about what is illegal when comes to what is yours? dont let govt rob you. what you are saying is that is illegal to avoid slave owner taking what you worked for
I mean, it looks like some of the main cities in Latin America, with the "tall banks" and luxury stores, houses and cars, except of course the tax haven side. I found it really interesting you spotted it almost as a total different world comparing to latin America, but its actually pretty similar
Becoming rich is taken the bold step been financially educated and realising now that stock, bonds and share's remains currently the most lucrative business in the world both NFT, real estate and crypto share's are really positively changing people's lives tremendously after been properly guided in risk margin rounding the financial market.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
I used to dislike such kind of rich people that don't pay taxes but now I admire them for hiding their money because America and some European countries use tax money to fight pointless wars in Asia and Africa. 2 Trillion dollars was wasted in Afghanistan along with several civilian casualties. Some countries don't deserve tax money.
I agree. Most taxes are used for non important things. If you have the opportunity to not pay taxes, why not? I’d pay taxes if the government really uses it for important things such as infrastructures and lifting millions out of poverty
I’m really liking the direction of your Channel lately. These economic stories are great. Inflation how it effects locals, economic success, economic fraud, how much does it cost to spend a day in a city, etc. Very unique and interesting direction.
I went to Panama city for a blockchain convention back in 2018, we were sitting with a few investors, saw this guy from Texas with a cowboy hat, asked why he came to Panama, guy was a developer, saying even in taxes getting a building up is at least 2 years, here in Panama we can finish one in 4-6 months, Panama is very attractive and makes it very easy to do business, you can see again and again wherever you find socialism people are extremely poor, wherever you find capitalism people are rich...
Hot B T C Give away It’s an automatic trading platform Regulated by group of experts trades, Which mean you can only make huge profits and zero losses Once’s you have activated a plan in this trading platform all you have to do is sit back and watch your profits grow, The whole trading process are been done for you. Because this system of trading is automatic whereby your trades are been done by bots. You have no worries of loss because your profits are guaranteed and there are no record of loss. I will advice you to start up so your trading will commence immediately and you sit back and watch your profits grows!
I’ve only known and talked to Panamanians due to my sports betting account being there. Makes sense as to why they spoke English so well & were well versed in moving money. Thanks for the eye opening content!
I lived in Panamá city for a year. I got to say that this city is impressive, and even I, Parisian born guy I’ve been really impressed. But, even if I still have my business in Panama I left. I didn’t want to live here anymore. The corruption got me made. And after it was the lack of infrastructures. The way things works that are not well working. That’s a shame because the country could really be a great place. But it is not. Living here you live gated. You will never a lot of people from Panama. There is no public services. A lot of people are poor af but the country is rich. So, that’s a beautiful country, there is a vibe, there is a real cool panamean culture. But, finally, in Panama City you will not have that. You will have something international and which is not working well. To make business that’s fine. To live when you are from Europe that’s not great
@@OhhSquad Just by the way you open a company there and do all the paperwork. You can openly cheat, pay for that and that’s ok. The worst is that, it’s not that big, it’s not what can people think like to hide money or anything like that, the corruption is really on simples things. You have the example of the police, which can openly abuse of their powers for bribery. There is also corruption at high level of the state which can be also mixed with wrongs decisions from politicians in Panama.
You should specify Panama City and also to specify which area in Panama city. Try to go to Colon or othe rolaced and you see so many poor people and dangerous. panama city is somehow a bubble
Hi Uptin, very well made video! I would like to add that I was really impressed about economic differences in Panama. A few weeks ago we were in the well known touristic spot Casco Viejo, close to nice cocktail bars and International restaurants. Just 500 metres from it we have found a drastical change in the Buildings surroinding us. We enter a "barrio"... houses were Really basic and There was a man having a shower in the street. This was Really impressive
If it's legal - I see no issue. And loopholes are NOT illegal either but a concern for those who hates successful people. To be honest, I support the idea to pay less taxes to none. I can invest into my kids college funds or trade school rather than relying on the Government to make that decision. The only reason I'll agree to pay taxes is funding the Military, that's it. Big Government is pointless and causes more damage than good.
Interesting Video, but that wasn´t the headquarters of the Law firm, what you showed was a Shopping Mall I guess...The building you are referring is on the next street (is a 3 story building)
My last navy deployment my ship visited Panama a few times! The nachos at the movie theater are the best I have eaten! There is a nice sized fish market, and the outskirts do look poor…. Majority of incomes are below the poverty line and military personnel don’t even make enough money to live by themselves, even officers make less than enlisted in the United States
I think it’s good for everyone around the world except Americans cause if you’re a citizen you have to pay taxes wether you still live there or not and that’s fucking wack
The building you showed was not the one were Mossack Fonseca’s headquarters used to be, it’s actually Soho Mall a high end mall in which the owner was accused of money laundering. Great Video though! Keep up the good work👍
the canal was buit by the usa and given for free to panama few decades back that made the growth 100 x fast forward now the country acquired lot of investment and wealth compred to other latin countries even though of its size
Finding local culture is becoming harder to find. I don't know why is that a problem. You get rich, you grow fortunes and you lose out culture. It's okay. You cannot have it all.
@@artistichaseeb I would disagree. People come all over the US as tourists and I would argue there isn't an ounce of culture in the U.S. that has not been imported.
SO, WHAT IS THE CONTEXT OF THIS VIDEO? - Oh, see how these poor country lives well because they benefit from tax evasion? (bullshit), anyway, just a small number of layers make money out of shell companies. - Rich people are evil and cannot enjoy third money nor have privacy? Let me share with you a list of Tax havens, and a study from Michael Findley, University of Austin Texas. A 2012 study by various US universities showed that the US has the most lenient regulations for setting up a shell company anywhere in the world outside of Kenya. Tax havens such as the Cayman Islands, Jersey and the Bahamas were far less permissive, researchers found, than states such as Nevada, Delaware, Montana, South Dakota, Wyoming and New York. "Americans discovered that they really don't need to go to Panama", said James Henry of the Tax Justice Network. For example, a single address in Wilmington (1209 North Orange Street) - is listed as the headquarters for at least 285,000 separate businesses due to Delaware's desirable corporate taxes and law. As of 2016, it was estimated that 9 billion dollars of potential taxes were lost over the past decade, due to the Delaware 'loophole'. Both Hillary Clinton and Donald Trump have firms registered in North Orange Street, and lawyers, trust companies and financial firms including Rothschild & Co are moving offshore accounts from locations such as Switzerland and the Cayman Islands into the US to take advantage of the country's loose regulations, calling it the "new Switzerland" Mark Hays of Global Witness said "the US is one of the easiest places to set up so-called anonymous shell companies", and Stefanie Ostfeld from the same organization said that "the US is just as big a secrecy jurisdiction as so many of these Caribbean countries and Panama". More than 1.1 million live legal entities were incorporated in Delaware at the end of 2014. An increasing number - more than 70% - of those were LLC. The Delaware Division of Corporations said in August 2015 that "an LLC entices all types of people since it is easy to operate and oversee", and Delaware is currently one of the few states without sales tax. Delaware does not tax companies which operate there, nor their royalty income. However, the LLC is more popular and often less expensive in states such as Wyoming, Nevada and Oregon. Approximately 668,000 anonymous LLCs are registered just in those three states. List of Tax havens 1. Andorra 2. Anguilla 3. Antigua and Barbuda 4. Aruba 5. Bahamas 6. Bahrain 7. Barbados 8. Belize 9. Bermuda 10. British Virgin Islands 11. Cayman Islands 12. Cook Islands 13. Costa Rica 14. [Curaçao] not on Hines list 15. Cyprus 16. Djibouti 17. Dominica 18. Gibraltar 19. Grenada 20. Guernsey 21. Hong Kong 22. Ireland 23. Isle of Man 24. Jersey 25. Jordan 26. Lebanon 27. Liberia 28. Liechtenstein 29. Luxembourg 30. Macao 31. Maldives 32. Malta 33. Marshall Islands 34. Mauritius 35. Micronesia 36. Monaco 37. Montserrat 38. Nauru 39. Netherlands & Antilles 40. Niue 41. Panama 42. Samoa 43. San Marino 44. Seychelles 45. Singapore† 46. St. Kitts and Nevis 47. St. Lucia 48. St. Martin 49. St. Vincent and the Grenadines 50. Switzerland 51. [Taiwan‡] not on Hines list 52. Tonga 53. Turks and Caicos 54. [United Kingdom†] not on Hines list 55. Vanuatu In panama we don't tolerate any socialist, communist, or woke culture. best regards.
panama is the new Singapore then. thanks for making this video! there are other tax heavens Cayman islands is the most infamous, but it doesn't have is own stock market financial center. tax heavens like HK has been exploited by the west for a century
Thanks for the content! Appreciate the vid, but just one question. Being a US citizen if you were to establish residency within Panama, but you have your company incorporated there, would you save personal on Taxes at all? Let's say the company you incorporate sells its services/goods outside of Panama, but is incorporated in Panama.
But it’s not the Panamanian people who the rich and wealthy. What good is to have a city like Singapore where the Wealthy are the foreigners. The rich and wealthy Latinos are in Mexico and Brazil ! .
ummm, you were in the wrong place, Mossack Fonseca HQ was about one street down, that boarded up building is SOHO Mall, which is still in construction, you just needed to cross the main street ahead and walk down about a block and you could've seen the real building
Why do you hate rich ? Why do you think you rich owe you money ? Can you sell you're iphone and use android just so you can use the spared cash to help someone poor ? I bet you won't. Govt has no right to tax rich more just because they are earning more.
Excessive taxation is gouging the poor, never the rich. The rich are country agnostic meaning they don't care about country, they only care whether you would keep your hands off their money. So a place like California ends up with the poorest of the poor eventually. And without the reserve currency status of the USD which has already began by the BRICS Russia + nations, high taxation places will eventually collapse.
Hey you were at the wrong street, it was in the other side of calle 50, the building is still there, in fact they were on the another floor, but the lobby of the building is a dentist office which is still go, that’s why I know you got the wrong street
I've stayed at that Waldorf, it's the best value for a Waldorf in the world and it's awesome! Panama City is a great and basically safe place but you are in Latin America so be aware in some of the barrios and yes the cops once in a while will try to shake you down for a few bucks if you are a drunk tourist (read: male and American) walking around "without your passport". Great food and friendly people. Kind of like Miami except more people speak English in Panama ;-) Banking is actually very highly regulated as they cannot afford to be lenient anymore. In fact it is harder to open a Panamanian bank account than in the US or Canada.
panama is basically just an american state isnt it? the US$ is legal tender, like puerto rico, panama is just an american colony like saudi arabia and israel and japan., who must do what the US want
En los Estados Unidos también hay lugares que huelen mal y hay gente grosera y lugares pobres, no creas que todo es bonito y maravilloso en Estados Unidos.🥱
Don't be foolish. You don't have to be wealthy to decide not to pay taxes to corrupt individuals. You only live once, and your aspiration shouldn't be solely to work and pay taxes.
Yeah bro, Panama have nothing special to hide people's money is actually a huge misconception that any tax accountant will tell you. The regulations in Panamanian banks are actually really tough and the due diligence is insane. And I mean you focused on the 1 square kilometer in all of Panama that got all the rich people and you are comparing with other countries in central america that are obviously extremely poor and dont have a canal.
In the city you can find rich people in Costa del Este, Santa Maria, and Tucan Country Club, not just the area in the video. Lots of upper and upper-middle class neighborhoods on the outskirts as well. But I understand what you mean. You can find poor neighborhoods, too, like everywhere in the world.
There are places where you can get lunch for less than $5, but the video is about opulence. By the way, there's a huge Chinese community in Panama, so no fake Chinese food.
I am 50% Panamanian and also by birth. I was born in Panama 🇵🇦. I wanted to correct you on something Panama never ditched its currency because it never had one. Once it took its independence from Colombia and became it own country it adopted the US dollar immediately.
I had an ex girlfriend who was Panamanian. She was an international student at my University. She took me to Panama and showed me Panama City and it is amazing. But once you leave the city its a completely different situation. The town of Penonome where she was from was fine, but some other towns like Colon and David were something else. The country has an amazing culture, but the wealth gap is huge and poverty is real there.
But it has less poverty than almost all Latin countries, if not all. I would say Colon is the exception to the rule. David is actually pretty nice.
@@guillermogouldburn763 colon is definitely the exception to the rule. Bocas del toro was fun, boquete was amazing too
@@guillermogouldburn763 It's nowhere near the LA country with the lowest poverty rate
@@Ignacio.Romero Which is it?
@@guillermogouldburn763 Both Uruguay and Chile have a poverty rate of less than 10%, while in Panama it's over 20%
Panama City is the most Americanized place I’ve ever visited. And I’ve been to Canada.
Lol because Canada does just feel like northern US states in accent, architecture and culture.
because it's literally invaded by united states armed forces in the late 80s
@@skellurip Iraq and Afghanistan were invaded too and they aren’t anything like the US. Was this just your attempt to bring up the brutal dictator that was working with the drug cartels? Manuel Noriega?
@@Homer-OJ-Simpson still not a reason for united states to invade another sovereign country
yeah they tried and failed miserably
united states tried to make Afghanistan a capitalist liberal democracy but failed so hard they run like a dog with tail between it legs in 2021
and now us under biden tried to starve Afghan people by stopping aid, stealing their money and punish them collectively with myriad of sanction
us invasion and occupation of Iraq they
- killed many Iraqi people in the process
- literally didn't find any weapon of mass destruction
- destroyed fragile social structure in the region that led to chaos and the creation of Islamic state
- failed to create any functioning economy and liberal democracy institution
@@skellurip so I was right - your argument sucked terribly and you just wanted to bring up unrelated things to defend a brutal dictator working with cartels.
who cares about what is illegal when comes to what is yours?
dont let govt rob you.
what you are saying is that is illegal to avoid slave owner taking what you worked for
I mean, it looks like some of the main cities in Latin America, with the "tall banks" and luxury stores, houses and cars, except of course the tax haven side. I found it really interesting you spotted it almost as a total different world comparing to latin America, but its actually pretty similar
Typical American...
Just another Spanish-filled land looted from Native Americans.
Becoming rich is taken the bold step been financially educated and realising now that stock, bonds and share's remains currently the most lucrative business in the world both NFT, real estate and crypto share's are really positively changing people's lives tremendously after been properly guided in risk margin rounding the financial market.
His trade execution quality and profiting is well structured with great financial features.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
Good good content.
Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.
I've seen so many review about this man called Romero pieto who is he ?
I used to dislike such kind of rich people that don't pay taxes but now I admire them for hiding their money because America and some European countries use tax money to fight pointless wars in Asia and Africa.
2 Trillion dollars was wasted in Afghanistan along with several civilian casualties. Some countries don't deserve tax money.
I agree. Most taxes are used for non important things. If you have the opportunity to not pay taxes, why not? I’d pay taxes if the government really uses it for important things such as infrastructures and lifting millions out of poverty
Rich people who make money off war and pay no taxes !
@@richardg1426 based 💪 the least we can do for their sacrifice
The taxes in Norway are well spent
@@slurpii4669 yes they spent on free education that's the they do
I went to Panama years ago. I found it to be an interesting place. I liked how they had old Panama City preserved
Are you drug trafficking??
Panama reminds me of Miami...or Singapore.
Never knew Panama is so beautiful.
Your content is a breath of fresh air. Please never stop churning out such content. I hope more people discover this channel.
It's so nice to hear that, thank you!!
I’m really liking the direction of your Channel lately. These economic stories are great. Inflation how it effects locals, economic success, economic fraud, how much does it cost to spend a day in a city, etc. Very unique and interesting direction.
so happy to hear that, thanks for watching!
I went to Panama city for a blockchain convention back in 2018, we were sitting with a few investors, saw this guy from Texas with a cowboy hat, asked why he came to Panama, guy was a developer, saying even in taxes getting a building up is at least 2 years, here in Panama we can finish one in 4-6 months, Panama is very attractive and makes it very easy to do business, you can see again and again wherever you find socialism people are extremely poor, wherever you find capitalism people are rich...
The fact that the United States is garbage compared to the Scandinavians says otherwise
Thank you based Milton Friedmann
Looks like Singapore, Dubai, Hong Kong...an awesome and tax friendly place. My kind of place
Hot B T C Give away It’s an automatic trading platform Regulated by group of experts trades, Which mean you can only make huge profits and zero losses Once’s you have activated a plan in this trading platform all you have to do is sit back and watch your profits grow, The whole trading process are been done for you. Because this system of trading is automatic whereby your trades are been done by bots. You have no worries of loss because your profits are guaranteed and there are no record of loss. I will advice you to start up so your trading will commence immediately and you sit back and watch your profits grows!
What do you want to hide as the rich?
I love these documentary-style short videos! Keep it up Uptin!
thanks sm!
I’ve only known and talked to Panamanians due to my sports betting account being there. Makes sense as to why they spoke English so well & were well versed in moving money. Thanks for the eye opening content!
I lived in Panamá city for a year.
I got to say that this city is impressive, and even I, Parisian born guy I’ve been really impressed.
But, even if I still have my business in Panama I left. I didn’t want to live here anymore.
The corruption got me made. And after it was the lack of infrastructures. The way things works that are not well working.
That’s a shame because the country could really be a great place. But it is not.
Living here you live gated. You will never a lot of people from Panama.
There is no public services. A lot of people are poor af but the country is rich.
So, that’s a beautiful country, there is a vibe, there is a real cool panamean culture.
But, finally, in Panama City you will not have that. You will have something international and which is not working well.
To make business that’s fine. To live when you are from Europe that’s not great
What do you mean by corruption ? Do you have an exemple ?
Exactly man, I am from Panama and totally agree
@@OhhSquad politicians stealing all the money
@@OhhSquad
Just by the way you open a company there and do all the paperwork. You can openly cheat, pay for that and that’s ok. The worst is that, it’s not that big, it’s not what can people think like to hide money or anything like that, the corruption is really on simples things.
You have the example of the police, which can openly abuse of their powers for bribery.
There is also corruption at high level of the state which can be also mixed with wrongs decisions from politicians in Panama.
You really are one of the Most Underrated Content Creator on the Internet. Keep creating amazing content Uptin. I love your videos
Thank you so much Sajida for the support, means a lot to me
You should specify Panama City and also to specify which area in Panama city. Try to go to Colon or othe rolaced and you see so many poor people and dangerous. panama city is somehow a bubble
Hi Uptin, very well made video!
I would like to add that I was really impressed about economic differences in Panama. A few weeks ago we were in the well known touristic spot Casco Viejo, close to nice cocktail bars and International restaurants. Just 500 metres from it we have found a drastical change in the Buildings surroinding us. We enter a "barrio"... houses were Really basic and There was a man having a shower in the street. This was Really impressive
Great video! You definitely need to get out of the city to find the better prices and feel the real culture of Panama.
Uuuh, rich people! How unfair. Everyone needs to be poor like other losers like me.
If it's legal - I see no issue. And loopholes are NOT illegal either but a concern for those who hates successful people. To be honest, I support the idea to pay less taxes to none. I can invest into my kids college funds or trade school rather than relying on the Government to make that decision. The only reason I'll agree to pay taxes is funding the Military, that's it. Big Government is pointless and causes more damage than good.
This is so interesting. their canal made the country like oil made dubai and qatar
I didn’t even know panama is a rich country. So interesting there is this rich country in the latin america!!
Some parts of Chile are
Interesting Video, but that wasn´t the headquarters of the Law firm, what you showed was a Shopping Mall I guess...The building you are referring is on the next street (is a 3 story building)
Looks like El Salvador got the wrong playbook lol
Si what. F the government and their taxes
My last navy deployment my ship visited Panama a few times! The nachos at the movie theater are the best I have eaten! There is a nice sized fish market, and the outskirts do look poor…. Majority of incomes are below the poverty line and military personnel don’t even make enough money to live by themselves, even officers make less than enlisted in the United States
Once again, just need to shout out how great these videos are, from a production and informational standpoint.
Congratulations for 50 k subscribers 🤩
" Panama has the same population as Oregon " very informative
You mean very American
I think it’s good for everyone around the world except Americans cause if you’re a citizen you have to pay taxes wether you still live there or not and that’s fucking wack
Respect from Trinidad and Tobago 🇹🇹
The building you showed was not the one were Mossack Fonseca’s headquarters used to be, it’s actually Soho Mall a high end mall in which the owner was accused of money laundering. Great Video though! Keep up the good work👍
Taxation is thief.
the canal was buit by the usa and given for free to panama few decades back that made the growth 100 x fast forward now the country acquired lot of investment and wealth compred to other latin countries even though of its size
Finding local culture is becoming harder to find. I don't know why is that a problem.
You get rich, you grow fortunes and you lose out culture. It's okay.
You cannot have it all.
But then you shouldn't advertise it as a tourism destination.
@@artistichaseeb I would disagree. People come all over the US as tourists and I would argue there isn't an ounce of culture in the U.S. that has not been imported.
Ocean Reef opened residential housing 4 years, it used to be just a pile of dirt with unfinished buildings
As oppose to Taxi Heaven. Where customers always give tips, leave the car tidy, arent drunk etc etc
Nice video, keep going 👍
Brilliant Uptin!!
SO, WHAT IS THE CONTEXT OF THIS VIDEO?
- Oh, see how these poor country lives well because they benefit from tax evasion? (bullshit), anyway,
just a small number of layers make money out of shell companies.
- Rich people are evil and cannot enjoy third money nor have privacy?
Let me share with you a list of Tax havens, and a study from Michael Findley, University of Austin Texas.
A 2012 study by various US universities showed that the US has the most lenient regulations for setting up a shell company anywhere in the world outside of Kenya. Tax havens such as the Cayman Islands, Jersey and the Bahamas were far less permissive, researchers found, than states such as Nevada, Delaware, Montana, South Dakota, Wyoming and New York. "Americans discovered that they really don't need to go to Panama", said James Henry of the Tax Justice Network.
For example, a single address in Wilmington (1209 North Orange Street) - is listed as the headquarters for at least 285,000 separate businesses due to Delaware's desirable corporate taxes and law. As of 2016, it was estimated that 9 billion dollars of potential taxes were lost over the past decade, due to the Delaware 'loophole'. Both Hillary Clinton and Donald Trump have firms registered in North Orange Street, and lawyers, trust companies and financial firms including Rothschild & Co are moving offshore accounts from locations such as Switzerland and the Cayman Islands into the US to take advantage of the country's loose regulations, calling it the "new Switzerland"
Mark Hays of Global Witness said "the US is one of the easiest places to set up so-called anonymous shell companies", and Stefanie Ostfeld from the same organization said that "the US is just as big a secrecy jurisdiction as so many of these Caribbean countries and Panama". More than 1.1 million live legal entities were incorporated in Delaware at the end of 2014. An increasing number - more than 70% - of those were LLC. The Delaware Division of Corporations said in August 2015 that "an LLC entices all types of people since it is easy to operate and oversee", and Delaware is currently one of the few states without sales tax.
Delaware does not tax companies which operate there, nor their royalty income. However, the LLC is more popular and often less expensive in states such as Wyoming, Nevada and Oregon. Approximately 668,000 anonymous LLCs are registered just in those three states.
List of Tax havens
1. Andorra
2. Anguilla
3. Antigua and Barbuda
4. Aruba
5. Bahamas
6. Bahrain
7. Barbados
8. Belize
9. Bermuda
10. British Virgin Islands
11. Cayman Islands
12. Cook Islands
13. Costa Rica
14. [Curaçao] not on Hines list
15. Cyprus
16. Djibouti
17. Dominica
18. Gibraltar
19. Grenada
20. Guernsey
21. Hong Kong
22. Ireland
23. Isle of Man
24. Jersey
25. Jordan
26. Lebanon
27. Liberia
28. Liechtenstein
29. Luxembourg
30. Macao
31. Maldives
32. Malta
33. Marshall Islands
34. Mauritius
35. Micronesia
36. Monaco
37. Montserrat
38. Nauru
39. Netherlands & Antilles
40. Niue
41. Panama
42. Samoa
43. San Marino
44. Seychelles
45. Singapore†
46. St. Kitts and Nevis
47. St. Lucia
48. St. Martin
49. St. Vincent and the Grenadines
50. Switzerland
51. [Taiwan‡] not on Hines list
52. Tonga
53. Turks and Caicos
54. [United Kingdom†] not on Hines list
55. Vanuatu
In panama we don't tolerate any socialist, communist, or woke culture.
best regards.
Mossack n Fonseca Papers... Nooot Panama papers..
panama is the new Singapore then. thanks for making this video! there are other tax heavens Cayman islands is the most infamous, but it doesn't have is own stock market financial center. tax heavens like HK has been exploited by the west for a century
Thanks for the content! Appreciate the vid, but just one question. Being a US citizen if you were to establish residency within Panama, but you have your company incorporated there, would you save personal on Taxes at all?
Let's say the company you incorporate sells its services/goods outside of Panama, but is incorporated in Panama.
But it’s not the Panamanian people who the rich and wealthy. What good is to have a city like Singapore where the Wealthy are the foreigners. The rich and wealthy Latinos are in Mexico and Brazil ! .
I should go to Panama for my birthday in may 😳🥰
You are doing well dude. Keep it up
Thanks sm
Discover your channel from Facebook. Your RUclips channel is very underated.
Thanks sm!
ummm, you were in the wrong place, Mossack Fonseca HQ was about one street down, that boarded up building is SOHO Mall, which is still in construction, you just needed to cross the main street ahead and walk down about a block and you could've seen the real building
Why do you hate rich ? Why do you think you rich owe you money ? Can you sell you're iphone and use android just so you can use the spared cash to help someone poor ? I bet you won't. Govt has no right to tax rich more just because they are earning more.
There’s a lot of African billionaire politicians living there and Costa Rica who don’t want to be known.
Rich people follow two strategies. first make money then keep them safe
you know we watched prison break season two
Love joining you on your wonderful journey. Thanks for sharing!! 😊
Thanks for watching! happy you enjoyed
Wrong sentence 4:54 ! Avoiding Taxes and evading taxes are the same. "Avoid" and "Evade" both are similar.
I only see local people's lives getting better.
What is different with avoided and evading tax?
@Bella Delphino thankyou
bro that looks better than europe
Legally avoiding taxes is a moral obligation, and you're dense if you don't engage in legal tax avoidance.
I heard there are big differences im mobile internet speed. which area does have the fastest mobile internet/broadband connection? And how fast is it?
Wow can we just appreciate him for this production quality but he has less than 100k!
Thanks so much!
Excessive taxation is gouging the poor, never the rich. The rich are country agnostic meaning they don't care about country, they only care whether you would keep your hands off their money. So a place like California ends up with the poorest of the poor eventually. And without the reserve currency status of the USD which has already began by the BRICS Russia + nations, high taxation places will eventually collapse.
Hey you were at the wrong street, it was in the other side of calle 50, the building is still there, in fact they were on the another floor, but the lobby of the building is a dentist office which is still go, that’s why I know you got the wrong street
Panama didn't build the canal
Interesting piece Uptin! From the footage, hard to believe you are in Central America. Are these Panamanian accounts safe from Western sanctions?
my panama is very beautiful and has a great future in the world. but i hate our rulers
chucha si
Thank you for sharing..
I've stayed at that Waldorf, it's the best value for a Waldorf in the world and it's awesome! Panama City is a great and basically safe place but you are in Latin America so be aware in some of the barrios and yes the cops once in a while will try to shake you down for a few bucks if you are a drunk tourist (read: male and American) walking around "without your passport". Great food and friendly people. Kind of like Miami except more people speak English in Panama ;-)
Banking is actually very highly regulated as they cannot afford to be lenient anymore. In fact it is harder to open a Panamanian bank account than in the US or Canada.
Yours videos are very informative.
Happy to hear that!
What’s up Broski 🦋,
Not anymore bro.
panama is basically just an american state isnt it? the US$ is legal tender, like puerto rico, panama is just an american colony like saudi arabia and israel and japan., who must do what the US want
Don’t know if he was talking about Panama or dissing Latin America
Panama is muggy and gross , that city could be a las Vegas but they too cheap with electricity
Panama is one of the worst places i have been, people is not humble, expensive, smells bad, it’s a place I wouldn’t go as a tourist
En los Estados Unidos también hay lugares que huelen mal y hay gente grosera y lugares pobres, no creas que todo es bonito y maravilloso en Estados Unidos.🥱
Road to 50k subscribers Uptin! 🎉🥳🎉🥳🎉🎉
Don't be foolish. You don't have to be wealthy to decide not to pay taxes to corrupt individuals. You only live once, and your aspiration shouldn't be solely to work and pay taxes.
Love it, kinda reminds me Jack Tran's video, but is POV.
How much money should one have to make it worthwhile to move to Panama?
Professionally done 😂
the poor and middle class all over the world are going to suffer more then ever.
when the rich don't want to pay their fair share 💀
i dont blame them its their money, government always wants a piece without doing anything to earn it, then just waste it on nonsense.
this editing make me feel like I am watching Vox. interesting
Why do your videos always feel so incomplete
Economic Development (Desarrollo Economico)
Dude i love these kinds of videos. I think about all these topics a lot but finally theres someone making videos about it.
Yeah bro, Panama have nothing special to hide people's money is actually a huge misconception that any tax accountant will tell you. The regulations in Panamanian banks are actually really tough and the due diligence is insane. And I mean you focused on the 1 square kilometer in all of Panama that got all the rich people and you are comparing with other countries in central america that are obviously extremely poor and dont have a canal.
In the city you can find rich people in Costa del Este, Santa Maria, and Tucan Country Club, not just the area in the video. Lots of upper and upper-middle class neighborhoods on the outskirts as well. But I understand what you mean. You can find poor neighborhoods, too, like everywhere in the world.
Do a collab with Jonny
Becoming like Dubai
so funny how you are excited about water locks like its modern age technology when they have been used since Middle Age.
I am going to hide my money there as the video has suggested. Thanks.
You have extremely interesting videos!!
Thank you very much!
All foreigners
Bank and insurance companies
Sorry, but $56 for some FAKE Chinese Food is a GOD DAMN, FUCKING RIP OFF. Just saying.
There are places where you can get lunch for less than $5, but the video is about opulence. By the way, there's a huge Chinese community in Panama, so no fake Chinese food.
@@guillermogouldburn763 Except maybe in Don Lee 🤣
This video left me with more questions than answers...
Is Panama richer than Singapore?
Nah Singapoure is so rich more than Panama