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Experts at Tax Consulting South Africa warn that the ANC’s renewed position on taxing the country’s wealthiest individuals to fund a basic income grant could push them offshore, adding further strain to the tax base.

At the party’s policy conference held at the end of July, the ANC said that a wealth tax is the preferred option to fund a basic income grant in South Africa, with delegates pointing specifically to the top 5% of earners in the country who hold “a majority of wealth”.- Andrew is reading this article: https://businesstech.co.za/new....s/wealth/615407/emig

In this video, Andrew shares what the inflation reduction act is really about.

00:00 Start
0:17 U.S. Politics
3:27 Inflation Reduction Act
7:16 Tax the Rich
12:34 Why Do People Hate Rich People?

Andrew is reading this article: https://businesstech.co.za/new....s/wealth/615407/emig

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

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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.