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In this video, Mr. Henderson reveals the real reason he renounced his US citizenship and the thought process that went into making the decision. Mr. Henderson details his concerns about the USA's citizenship-based taxation system, yet he also explains why taxes are not what ultimately motivated him to give up his US passport. Watch until the end to find out what the last straw in this relationship was.
00:00 US Citizenship-Based Taxation
01:03 Conversation with Nomad Dad about Renunciation
03:04 Consequences of Keeping vs. Renouncing US Citizenship
05:08 Childhood Maps and Dreams
06:37 Experiencing High Taxation and Restrictions on Freedoms
08:05 Why I Renounced and Why I Won't Return to the USA
11:33 Leaving Your Country and Working on Self-Awareness
12:27 Learning how to Become a Nomad Capitalist
13:05 Financial Freedom as a Non-American
14:44 Choosing Not to Identify as American
18:30 Getting Over the Last Renunciation Hurdle
Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
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Our Website: http://www.nomadcapitalist.com/
About Our Company: https://nomadcapitalist.com/about/
Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.