تجنب الجنسية الالمانية لانها ستجلب لك هذه اللعنة الى الابد

Summary

In this insightful video, the speaker discusses the upcoming German citizenship law allowing dual citizenship, emphasizing its benefits and hidden tax implications. While acknowledging Germany's appeal, they warn potential citizens about the extensive tax obligations that persist even after moving abroad. The speaker shares personal experiences and stresses that holding German citizenship may restrict financial freedom, especially for those with wealth or business aspirations. They advise against pursuing German nationality for individuals planning to relocate, underlining the importance of consulting legal and tax experts before making such a decision.

Takeaways

• 🇩🇪 The new German citizenship law allows individuals to hold dual nationality, which can be beneficial for many immigrants.
• 💼 Obtaining German citizenship comes with significant tax obligations, even after relocating to another country.
• 📜 German citizenship offers various rights, including access to a strong passport and the ability to vote.
• 💰 Those with German citizenship may be liable for inheritance tax on assets inherited abroad for up to ten years after moving out of Germany.
• 🏠 Permanent residency may provide more flexibility than citizenship regarding tax obligations when moving abroad.
• 🚑 Returning to Germany after a long absence could complicate health insurance coverage, requiring back payments.
• 👤 The speaker shares personal experiences and respects Germany, while highlighting the challenges posed by its tax system.
• 🏆 Xabi Alonso, a Spanish football coach, declined honorary German citizenship, illustrating that not everyone finds dual citizenship advantageous.
• 🌍 Individuals with significant wealth should reconsider obtaining German citizenship due to potential financial burdens.
• 💬 The speaker encourages viewers to share their thoughts in the comments and subscribe for more insights.

Q & A

What is the main purpose of the new German citizenship law mentioned in the video?

The new German citizenship law allows individuals to hold dual citizenship, enabling them to retain their original nationality while obtaining German citizenship.

What benefits does German citizenship provide according to the speaker?

German citizenship offers benefits such as a powerful passport, voting rights, and the freedom from residency requirements associated with foreign citizenship.

What are the tax implications of obtaining German citizenship?

Individuals who obtain German citizenship are subject to perpetual tax obligations to Germany, even if they move abroad, resulting in the possibility of paying taxes in both their home country and Germany.

How does German citizenship affect inheritance tax responsibilities?

If a German citizen inherits assets while living abroad, they are liable to pay inheritance taxes to Germany for the first ten years after leaving the country.

What challenges might one face regarding health insurance when returning to Germany?

Returning citizens may struggle to re-establish health insurance coverage in Germany, as they could be required to pay for all the months they lived outside the country before being accepted into the healthcare system.

What is the speaker's advice for those considering obtaining German citizenship?

The speaker advises individuals, especially those with plans to leave Germany, to carefully consider the financial implications and potential loss of control over their wealth before applying for German citizenship.

Why does the speaker view the German tax system as particularly burdensome?

The speaker describes Germany's tax system as one of the most complex and burdensome globally, with a combination of various taxes that can significantly impact individuals' control over their finances.

How does the speaker’s personal experience influence their perspective on German citizenship?

Having lived in Germany and holding German citizenship for many years, the speaker shares personal insights that emphasize the importance of understanding tax responsibilities and financial implications associated with citizenship.

What example does the speaker provide to illustrate the challenges of dual taxation?

The speaker uses the example of a person moving to a low-tax country while holding German citizenship, who would still be required to pay taxes to Germany, illustrating the burdens of dual taxation.

What is the overall message the speaker wants to convey regarding German citizenship?

The speaker appreciates Germany as a country but warns that the financial and tax obligations associated with German citizenship can be severe, particularly for those with wealth or plans to live abroad.