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German taxes are killing me

Discussion in 'Business & Tax Advice' started by supermex, Sep 26, 2018.

  1. theRevolt

    theRevolt Jr. VIP Jr. VIP

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    People only see what impacts them, such as I do not need universal healthcare, it is for people not working and lazy etc... Until they realize at one point, shit I need to go to the doctor, MRI, radiation, surgery etc...

    Well. each one has their opinion. You can complain as much/little as you want, won't change much about your taxes though. Pretty simple:
    - Get a good tax advisor/accountant and see if that lowers it to a point you are happy with the taxes + benefits you keep living in-country X, if not you have to move to get to the lower taxes you want.
    - Keep in mind you can be lucky you can move and do not pay taxes to say Germany, however, US citizens for example (and then only non-developed countries) tax citizens on their worldwide income, so just saying... (sure you can lower that, treaties etc. but that is not the point)
    - Switzerland = Non-Eu Country. Have you lived there? Can you just move and live there? Check on why they have less money they need to waste on freeloaders (again won't go into details, politics and all).... but soon you'd realize that they are picky of who they let in...
    - Keep in mind, the grass is not always greener on the other side ;),

    Ultimately, you need to make your own list and list pro and cons, not based on what you saw on vacation, heard from someone else. Most people talk a lot of BS and never lived and paid taxes on different countries to have a true baseline comparison


    Well, that is what many just compare taxes and why it's so much cheaper in some countries, yet when they have an emergency etc. they leave to get treatment...

    I do not know the CA tax system but again keep in mind healthcare costs and why some Americans have to get their insulin there. Reports of a guy dying because he bought the cheap insulin and it only metabolized after couple hours instead of very quickly so that was that ...

    https://people.com/health/engaged-man-dies-taking-over-the-counter-insulin/
     
  2. Wolfy Ofspring

    Wolfy Ofspring Junior Member

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    Same situation in CANADA as well.
     
  3. ExperimentalSEO

    ExperimentalSEO Junior Member

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    Registering in Hungary is not going to help someone from Germany as they would be paying personal income taxes at the German level.
     
  4. Loxo

    Loxo Power Member

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    Yes, they are picky if you have no job or money. But if you are in good financial situation they will welcome you with open arms.
     
  5. Shubhankar Paranjape

    Shubhankar Paranjape Regular Member

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    Yeah. I'm paying $2000 in taxes. It's like a piece of cake- "tax-free heaven".
     
  6. Peng School

    Peng School Junior Member

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    Do you still need help in this matter?
     
  7. rafark

    rafark Jr. VIP Jr. VIP

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    Do you want his house keys as well?
     
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  8. Peng School

    Peng School Junior Member

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    haha..
     
  9. supermex

    supermex Jr. VIP Jr. VIP

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    The only option I have if I want to reduce the taxes I'm paying is to move to a different country. I don't want that because of my personal life.

    So yeah... there's no other option (legally/ not shady). Even setting up a company in a different country would not help as it would still be treated as a German GmbH from the gov. I talked about it with my tax advisor last year.

    The only thing I'm trying to improve right now is to somehow automize my accounting. I'm paying 450€ monthly just for bookkeeping/ accounting or whatever you call that in English. (Buchhaltung). If you have any recommendation on tools for automizing this, I'd appreciate it a lot.
     
  10. Ayoub Kay

    Ayoub Kay Newbie

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    Lol @ people telling him to "just move to another country" like it's that easy
     
  11. RoyalCobra777

    RoyalCobra777 Jr. VIP Jr. VIP

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    I don't want to be rude or not being polite, but this "Kleinunternehmerregel" word sounds freaking funny for a guy who doesn't understand german language.
     
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  12. ExperimentalSEO

    ExperimentalSEO Junior Member

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    For people in an EU member nation, they are able to just move to another country in the EU just as easy as it is to move to another city in their own country.
     
  13. rafark

    rafark Jr. VIP Jr. VIP

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    I don't think he meant legally. When you move to another country you need to learn the language, adapt to the culture, no friends and family, have extra money to move, etc.

    It's a pretty big deal, especially if you're just doing it to pay 10% less taxes. At the end of the day, it's not worth it unless you truly dislike your home country.
     
  14. Maker555

    Maker555 Newbie

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    Hi supermax
    Please Msg Me Back Its Very Urgent.
     
  15. Peng School

    Peng School Junior Member

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    what happen to you, maker? lol.
     
  16. Hydropool

    Hydropool Newbie

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    Well you can always register a firm in some third world country and pay most taxes there, Cyprus for example
     
  17. JayDee1984

    JayDee1984 Jr. VIP Jr. VIP

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    I didn’t read much after the OP’s first post. If your business is pure digital, you can register it in Cyprus and pay only 25%, if My company was registered in my country. I assume I would have to pay about 50% of my income as tax.

    I prefer to pay 25% and have my money legitimate in my bank account rather than keep it as black money without paying taxes, but without the ability to purchase expensive things..
     
  18. Hydropool

    Hydropool Newbie

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    Well yah, money laundering is not that hard in my country, but I prefer to live with peace of mind and pay taxes, ofcourse I try to find the cheapest alternative
     
  19. JayDee1984

    JayDee1984 Jr. VIP Jr. VIP

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    It's your accountant that needs to Help you with tax relief and offer you ways to have it in tax havens, legally, of course.

    good luck!!!
     
  20. ExperimentalSEO

    ExperimentalSEO Junior Member

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    There are so much bullshit about tax havens here. You can't just register a business(even digital) in another country to seek the tax benefits, it has to be operated from there as well.
     
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