{"id":55855,"date":"2019-07-13T01:03:52","date_gmt":"2019-07-13T05:03:52","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=55855"},"modified":"2019-07-13T01:04:20","modified_gmt":"2019-07-13T05:04:20","slug":"investment-immigration-programs-absolves-of-tax-evasion-or-misreporting-risks","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/investment-immigration-programs-absolves-of-tax-evasion-or-misreporting-risks\/","title":{"rendered":"Investment Immigration Programs Absolves of Tax Evasion or Misreporting Risks"},"content":{"rendered":"\n<p>Citizenship by investment programs offered by countries like <a href=\"https:\/\/www.investmentimmigration.com\/antigua-barbuda-investor-citizenship\/\">Antigua &amp; Barbuda<\/a>, <a href=\"https:\/\/www.investmentimmigration.com\/saint-kitts-nevis-investor-residence-program-2\/\">St. Kitts &amp; Nevis<\/a>, <a href=\"https:\/\/www.investmentimmigration.com\/cyprus-residence-investor-program\/\">Cyprus<\/a> and <a href=\"https:\/\/www.investmentimmigration.com\/malta-citizenship-by-investment\/\">Malta<\/a> regularly face criticism for facilitating tax evasion.<\/p>\n\n\n\n<p>However, deeper analysis of relationship between an individual\u2019s citizenship status and tax status paints a completely different picture.&nbsp;<\/p>\n\n\n\n<p>Contrary to popular perception, an individual\u2019s passport has absolutely no bearing on his or her tax status. Rather, that is determined solely by their country of tax residency.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><strong>Read More<\/strong><\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.investmentimmigration.com\/st-kitts-and-nevis-engulfed-in-citizenship-by-investment-escrow-account-scandal\/\"><strong>St Kitts and Nevis Engulfed In Citizenship-By-Investment Escrow Account Scandal<\/strong><\/a><\/li><li><a href=\"https:\/\/www.investmentimmigration.com\/cyprus-introduces-sweeping-changes-to-its-citizenship-by-investment-program\/\"><strong>Cyprus Introduces Sweeping Changes to its Citizenship by Investment Program<\/strong><\/a><\/li><li><a href=\"https:\/\/www.investmentimmigration.com\/worlds-smaller-economies-flourishing-thanks-to-investment-immigration\/\"><strong>World\u2019s Smaller Economies Flourishing Thanks to Investment Immigration<\/strong><\/a><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>Dominica taxes individuals in its jurisdiction based on the time spent by them on the island.&nbsp;<\/p>\n\n\n\n<p>An individual who has just purchased the Dominican passport but is not a tax resident in the country won\u2019t gain any tax benefits from the investment immigration decision.&nbsp;<\/p>\n\n\n\n<p>St. Kitts &amp; Nevis determines tax status based on time spent and purpose of stay in the island.&nbsp;<\/p>\n\n\n\n<p>The US is the only country that relies solely on citizenship to determine tax residency. US citizens are subject to US tax laws irrespective of location or duration of residence.<\/p>\n\n\n\n<p>The preferred benchmark is an individual\u2019s country of residence, followed by virtually all countries offering citizenship by investment or permanent residence by investment programs.&nbsp;<\/p>\n\n\n\n<p>Accusing nations offering golden visas or investor citizenship of facilitating tax fraud is patently unfair.<\/p>\n\n\n\n<p>Institutions like the OECD and the European Commission have stated on record that such programs, by themselves, don\u2019t pose a tax risk. &nbsp;<\/p>\n\n\n\n<p>While investment immigration programs may have a lot of room to improve in terms of better due diligence and stricter oversight, the link with tax evasion and tax misreporting is unfair and inaccurate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citizenship by investment programs offered by countries like Antigua &amp; Barbuda, St. Kitts &amp; Nevis, Cyprus and Malta regularly face criticism for facilitating tax evasion. However, deeper analysis of relationship between an individual\u2019s citizenship status and tax status paints a completely different picture.&nbsp; Contrary to popular perception, an individual\u2019s passport has absolutely no bearing on&hellip;<\/p>\n","protected":false},"author":2,"featured_media":55856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454,78],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2019\/07\/Investment-Immigration_257756024.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-ewT","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/55855"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=55855"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/55855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/55856"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=55855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=55855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=55855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}