The unrealized capital gains tax is essentially a theft of

people's work, their energy, their wealth. You might be

thinking that the government's never going to step in and take my

Bitcoin. But let me just tell you what has just passed in

California. And it says, if the bill becomes law, the state can

transfer these assets to a state-held wallet. Never leave

your Bitcoin or any crypto on an exchange. That is

a big, big no-no. The answer is you've got to do self-custody. If

you are someone who has to stay and you have no other alternative, but you also

are in fear of labor's taxes reaching down to

you and stealing your wealth, then what can you do? The only thing that

I would suggest you do is, I'm Matthew Fraser and this is Crypto

Collective. After making millions with Amazon and e-commerce, I

realized that if I was starting again today, crypto would

be my first choice. I'm here to help you take your first

steps and build real wealth. Ready to set yourself up

for life? Let's go. Hey guys, welcome to this episode of

Crypto Collective. This is going to be so powerful because

it's all about how to avoid and pay either

zero tax or no tax, especially now as we look

right down the barrel of Labor's unrealized capital

gains tax. The tax or the Theft is

what I call it. The theft of people's retirement savings. And this

video that I only did just recently absolutely blew

up. The comments went like into the stratosphere. I've

never had so much engagement on one particular video. So I know this is

of huge importance to people because what we can now see

is the tact that Labor are now doing, which

is rather than trying to curb spending, because it's a government

spending problem, they're diverting the issue to

the everyday folk now. And they're now imposing this

unrealized capital gains tax on superannuation above $3 million.

Now, to give you an update as to where things are at right

now, we've still got Paul Keating. Well, first of all, we've

got Albo and Jim Chalmers, who are headstrong in

delivering and making sure this particular bit of legislation gets

passed. They want people to start paying more tax out

of their superannuation. You've still got, though, Paul

Keating, the former treasurer and prime minister of Australia, one

of the architects of superannuation guarantee. He

is still opposing the tax. He's not backing down on it.

He thinks it's the most ridiculous, ludicrous tax he's

ever seen. Which is interesting because Jim Chalmers

did his doctorate, or some study at least, on

Paul Keating and idolizes the guy. So you think Paul Keating would be

able to get into Chalmers' ear and say, hey mate, This

is probably not a good idea. How about we just cut back on this unrealized

capital gains tax? Because people are furious about it. There's never

been an unrealized capital gains tax, per se, in

Australia. So we're really setting the benchmark here. In fact, in

most countries, there's a couple of countries that have had it. It's a disaster. But

most countries don't even do it. So we're trying to lead the way. Good on

you, Jim. The other people who are opposed to the tax,

though, and these are stalwart Labor people.

One, Bill Kelty. He's a former Labor minister

back in the 90s. He's quoted as saying, a

bad policy is simply bad policy, regardless of

your wealth. So we support Bill's stance on

it. And the other person who's come out in more recent times opposing

the tax in its current form would be Labor Senator

Sally McManus, who of course made Lots

of headway in her career through the trade union movement.

Okay, so she's now a Labor senator. She is opposing this

unrealized capital gains tax. Now, not that she's Look,

she's not really looking after, she says she's looking after workers. The reason

why she says this is because Labor's tax, the super

tax, is not indexed. So it means that the studies also

show that people who are in their 20s now, by the time

they get to their 60s, they will have well over $3 million in

super, and then they will succumb to this theft

of their retirement savings as well. Now, Sally is calling

for, at the very least, for this tax to be indexed. So over time,

the threshold increases. And maybe by the time someone who's in

their 20s gets to their 60s, maybe the

threshold is increased to $4 or $5 million, and they might

avoid this unrealized capital gains tax. I've

always said, though, regardless of someone's wealth, it

should not be stolen. Because the unrealized capital

gains tax is essentially a theft of people's

work, their energy, their wealth. This

is actually a wealth tax. And you could

consider it also an inheritance tax, an inheritance tax

before the person actually passes away. Because sometimes,

and a lot of parents, a lot of family officers and what

have you, want to pass on the wealth that

they've accumulated over a period of time to their children. And

I think people should have every right to do that. So

that's where we're up to from Labor's side of things. They're going

full hog into this. But an interesting point, though,

is the Greens in past months have said

they wanted to lower the threshold from $3 million down to $2 million,

which means that more people would be captured into this

tax. But in recent days, they've now changed their tact. And

now what they're calling for is for the

unrealized gains tax to be scrapped altogether, but

instead everyone just pays more tax.

So currently within superannuation, you pay a 15% tax. Labor's

proposing to move it to 30% as well as the unrealized capital gains. But

the Greens are now saying, let's get rid of the unrealized part and just make

everyone move from 15% to 20% but no threshold. So

everybody just has to pay more. So I don't know which

one's... Okay, I lie. I do know

which one would be better, which would be the increase from 15% to 20% and

no unrealized capital gains tax. That would be better. But

ultimately, I will be calling for no

changes whatsoever in its current form, certainly no

capital gains tax, unrealized capital gains tax. But I'm going to

take it one step further, and I'm going to give you what I would

consider the best solution to this superannuation

tax, and I'll tell you at the very end. So one of the things that's

come up is people have been contacting me asking me, Matthew, how

can we avoid paying this unrealized capital

gains tax? Which actually makes it a broader question,

because this has also come up, is how can we just not pay tax at

all? Or how can we at least legally minimize

our tax? The world is

very, very small. The information is at our fingertips now. And

you can now find so much credible information on how

you can minimize your tax. I think previously, minimizing tax

through other jurisdictions, nations, offshore companies,

offshore bank accounts, was kind of a bit of a mystery. You

heard about it, but it was reserved for people who

had, in today's dollars, billions and billions of

dollars. But in fact now, you see a lot of people moving to Bali,

Thailand. Funny enough,

there's a There's a mass exodus out of other countries, not

just Australia out into Bali and Thailand, but there's a mass exodus right

now of people in the UK. The people in the UK are

leaving by the droves, and in fact 10,000 people left

the UK last year alone. The majority of

them went to Dubai. So these are the types of

things we're going to start talking about, is what are the options? Where can I go to

and basically pay no tax? And how also does it

relate to someone who holds Bitcoin, especially

if it's in your SMSF? So the first thing is, I'm

always thinking about how can I reduce

my tax? And if you're not thinking about how can I reduce slash

minimize your tax, you're crazy, right? Because

who wants to pay more? Now, what's interesting though is I've got people in

my TikTok account right now, which is still completely blowing up, full

of communists and socialists who absolutely love

Labor's unrealized tax. And as soon as I've said,

hey, let's get rid of that, that you're trying to get rid

of it because you don't want to pay your fair share of tax, or you're trying to avoid

tax. This is the commentary that these communists

and socialists start spouting, is that if you don't want to pay more

tax, then somehow you're avoiding tax. The

thing is, and I think this is what is really pissing people off

right now, is the rules were set in place by

Labor and other governments many,

many years ago. We go all the way back to the 90s. And so people

have been, rightly so, putting money away

in a reduced tax vehicle,

which is superannuation, for their retirement. Because the

government at the time said, hey, look, put this away so that you will

have a better retirement and less reliance also

on the welfare state, which is obviously in the pension system. And

in doing so, the governments actually gave further incentives. They encouraged

people to put as much as they possibly could into this

superannuation account. Now, fast forward to today. Now,

and people have warned, actually, people warned back then

that this would happen today. And now it's actually happening, which is governments

see this huge $4.2 trillion honeypot

as something that they can simply reach in and just start

taking. not to benefit the citizens, not

to benefit the people they represent as far as a retirement status,

but because they simply haven't been able to manage the budget. And

they've got, as I said earlier before, they've got a crisis of

spending. It's a government spending crisis that

we've now got. They simply cannot rein it in because

they're so addicted to just shelling out more and more,

especially when it comes to public servants, the

entitlements that public servants get. and the

welfare state. So they're going to keep dishing out this money to

keep control of government, right? Because

if you're paying people to support you, then

of course they're going to vote for you. That's basically how it works. Now,

of course, the other thing that we're absolutely pissed off about, if

I just want to talk about unrealized capital gains, is the fact that some

politicians, bureaucrats, and judges are

exempt from the tax. How is that fair? It makes me

so freaking mad. I'm freaking livid about

it. So how can we get the hell out of a dodge,

which is basically Australia? And every single day I'm seeing comments from people who

are either now considering leaving Australia or

have left Australia already, to go to other countries that

have got more freedoms, less tax, and

basically you can keep more of your wealth. This

is something that I'm always thinking about. I've got friends who have done exactly

the same thing. One in particular, you can go and check out his YouTube

channel. Where is Adam Hudson? He actually documents his

journey from coming from Australia into, of all places, Cyprus.

Now, Cyprus is a really interesting country. I think the tax rate there for companies is

about 12%. No tax on dividends, no tax on

personal income, no capital gains tax. And you only have to

live in Cyprus only two months of the year to have a

a residency or citizenship based in

Cyprus. One of the advantages of course with Cyprus, as I see from Adam's channel,

which is it's only about a two-hour flight from Italy, the UK, you

can obviously do a lot of traveling and its

locality to so many great destinations is fantastic. And

it has something like The same as the Gold Coast, about 300 plus

days of the year, which is sunshine. So how good is that? So that's

certainly something that people can think about. Also,

Dubai is one where a lot of people are moving to. The

difference, of course, with Dubai is you may have to get a

particular type of visa. You may have to pay to get a visa. There's one going

around right now. It's called the Golden Residency Visa. You

could get in at about 50,000 USD. Then

on top of that, if you've got spouses or children, about

another $1,500 USD for each of those. But to qualify to

get into that system, you've got to be someone who's going to

add value, particularly in what they call

the Web3. You could also say maybe the crypto space. You

could also argue that in the creator space, like if

you're someone that's got something like this right now, a YouTube

channel or a big Instagram, following,

etc, then you might qualify. And one of the reasons why

they would love to have you in the country is so that you can talk about Dubai.

And essentially, you become the salesperson for Dubai. Now,

what are the advantages to Dubai? Well,

probably the reason most people are going there is because it has a

low tax. Now it used to be zero tax for

basically everything. Okay. But in recent years, and

this is what I heard yesterday is the reason why they moved

from a zero tax to a 9% corporate tax was

because there was a lot of other nations that were

kind of a bit dirty. They were like, Hey, we've got a, we're charging

our people 30% tax or 25% corporate tax. Not

to mention in Australia, the highest tax rate, 45 plus

percent, which is outrageous. They

got a lot of pressure from the international community to increase their tax because

so many people were now moving and you had a, what they call a

flight of capital or a capital flight going

to the Dubai. People were taking their money and were like, we're out of here and

ending up in Dubai. And all the other nations like, hey, hang on a second, we

need to keep some of that capital. So rather than, this was interesting,

rather than these other countries lowering their tax rate

to encourage people to stay within the territory, they simply went

to Dubai and said, hey, can you just increase your

tax rate, please? Because at the moment, it's costing us, right?

Now, there are ways in which you can minimize your

tax in Dubai. One is that there's no income tax on personal income.

Hey, just quickly, if you're ready to dive deeper into crypto and Bitcoin and

build real wealth, join my free crypto collective

community. It's where I share exclusive insights and strategies and

live discussions to help you succeed, whether you're a beginner or

scaling your portfolio. Click on the link in the description and join

us today. Now back to the episode. There's no capital gains tax, which is

a huge one. and it's going to be absolutely beneficial for

people who are in the crypto space who are thinking about either trading

because obviously you're buying and selling quite often so there's going to be either

income tax or capital gains tax implied there but if you're someone

right now who's you've been stacking bitcoin maybe it's

in your smsf like i've got all of my superannuation in

an smsf allocated to bitcoin One day, you

might want to sell that. You may just want to sell that Bitcoin. Now, I'm

not saying you should, but let's say in 20 years time, when you get to 65 years

old, you might think, you know what, I'm going to sell this. Now, if it's an SMSF, you're

going to obviously have tax discounts. But here's the thing,

though. Will there be? This is

what people are now thinking. Because Labor is

now changing the rules on the fly,

what could there be in another 20 years' time?

Now, let's just say the unrealized capital gains tax comes in. It's

above $3 million. But who's to say that in five

years' time, the threshold comes down to $1 million?

Who's to say? And who's to say that then the tax rate jumps

from, let's say, it's 30%. They say, you know what, we really need

to pay for this NDIS. We really need to pay for,

you know, Centrelink. We'd really need to pay for the

net zero, which is an absolute money pit, right?

They won't even got there by then. Net zero is still a pipe dream. They

won't have got there, and they will simply say, let's make it now 50% tax.

We have to do it. Yeah, it's for the sake of the country. And

sadly, there will be people, the socialists and the communists, who are everywhere in

Australia now. It's disgusting. They will be cheering. They'll

be cheering from the sidelines saying, yes, tax those people who have a

million dollars. Or maybe it'll be, tax those people who

have got $500,000 in their super, those rich people, and

make sure we take from them. That's where this is going. And I think people can

see the writing on the wall with this. Although they might not be

under the taxation today, right?

You may not have over $3 million. But we

all know that once something's in, when was the last time

we ever saw a government, except for

the carbon tax got repealed by Tony Abbott back in about 2013. But except

from that, except for that. When was the last time we really saw a

tax that was repealed? Because we know what happened under the GST when

that came in under Howard. There was a bunch of taxes that were supposed to

be removed, and they weren't. Income tax at the time was

reduced in compensation for the GST. But guess what happened? Over

the last 25 years, the income tax has

increased. So it's give and then take.

increase. So people can see the writing on the wall. They know

what the possibilities are with this. And so that's why it's so important to

think ahead now, particularly when you're thinking about stacking Bitcoin.

Now, that being said, maybe moving out of

the country and look it's a big deal I understand I mean I just look around my

house all the time and think oh imagine if I just moved and I start looking

at the stuff I've got like I have to sell that I have to sell

that actually just today um I've

got I'm interviewing someone who's just moved from from

Brisbane, Australia to Dubai. And he actually documents selling

all of his stuff around the house. So I understand what's going to happen. His name is Daniel

Holmes Trading. We should go and check him out. But I'm going to find out from him why

he actually moved. So moving is a big deal.

I understand that. But maybe if I said to you, How

much would you move for? Thinking about the future, would it

be a $20 million decision? If

I said you could get $20 million upside, maybe you'd want to think about it

and actually decide today to make the move. You might be

thinking that the government's never going to step in and take

my Bitcoin from me. That might be something that you might be thinking

about. But let me just tell you what has just passed in

California in this past week. Now,

I jumped into Grok and I said, give me the exact details. It

says, California's new law on crypto

seizure. California has not introduced a new tax

on cryptocurrency seizure, but it has passed an assembly bill which

allows the state to classify cryptocurrencies in

inactive exchange wallets as unclaimed property after,

guess how long? Not 30 years. Three years.

That's it. Three years. And

it says, if the bill becomes law, the state can transfer these assets to

a state-held wallet, holding them in their original form

until the owner reclaims them with proper identification. Right?

So basically, it's a form of seizure. Now, why

would the state think they could do that? Because they

want to take from you and then make you jump through the hoops to

say how you can possibly get it back. It's a bit like now,

how when you deposit money into a bank, which obviously generally

goes in through most people's pace, right? You then go to

the bank and you say, I want to withdraw $10,000 in cash,

for example. And then you have to jump through a whole bunch of hoops

and questions because they treat you now as if you're performing

some sort of criminal activity, right? It's absolutely overreach

by banks, but it's not just the banks who are implementing this.

It's implemented on behalf of the government. So now

what you've got is California about to solidify this

legislation into law which will mean that if you were

to hold your Bitcoin in an exchange for

a minimum of three years and didn't touch it, it could be

seized. That is absolutely outrageous. Now,

What's the answer here? The first thing is you

would never ever, and I've said this, I always say this, you would never

leave your Bitcoin or any crypto on an exchange. That

is a big, big no-no. Now, not just because of taxes

or seizures like this in government control, but

also because the exchange could go bankrupt, belly up.

We've seen that with FTX amongst other types of crypto exchanges. And

so you could lose it. The answer is you've got to do self-custody. there's

a whole bunch of reasons why you should do self-custody mainly because

it's you taking control of your own assets under

you become a sovereign bank right you essentially become

the bank by holding your bitcoin and

if you're thinking about who can i contact there's a link in

the description the guys are called the bitcoin way they

can help you with the best security, cyber

security and protection for your Bitcoin now

and into the future. They're the exact guys that I use to help

me set up my Bitcoin node, set up an air-gapped wallet,

my own secure email. And

these guys know what they're talking about. So if you want to sleep well at night,

knowing that you're protected now and into the future, you can

book a free call with them. Just link in the description. So

guys, self-custody is the way to go. And what that

means is that by you holding your own Bitcoin

assets, you can now get up and

go to any country you want without any

questions. Okay now whether it's some have

said now I'm not advocating for this because this would be against

the law but some have said how easy it would be to

actually self-custody your Bitcoin in your SMSF

and then if there was a threat of government overreach or

government seizure you could just simply get on

a plane and go to another country and take your Bitcoin with

you. And that is the power of

Bitcoin and self-custody that I think

the governments As we've seen with this unrealized capital

gains tax and possibly other future taxes, they're completely against

it. They want full control. And that's why you need to

take control of your own destiny, your own wealth,

and protection. Let's just say that you do not want to move out of Australia.

That's just not on the cards for you. And I understand why it wouldn't be for many, many

people. Either one, you want to stay in Australia because you

love this country too much to get out. Sometimes you're forced to,

though, or to family, schooling, kids.

I understand, right? There's a lot of pressure on people

to stay. So if you are someone who

has to stay and you have no other alternative, but you also

are in fear of Labor's

taxes reaching down to you and stealing your wealth and what

can you do? The only thing that I would suggest you do is

go and speak to a professional, an accountant or

solicitor and find out how maybe there's some legal

structures that you could set up now to help minimize

or mitigate any taxes that could be coming down the pipeline. That

would be something that you would definitely be advantageous to

do. So guys, there's so much more I could talk about. I guess

all the possibilities of where Labor's taxes could end

up, including potentially, it could lead

to, because there are some ideas floating around

with Labor right now, which is actually land tax and ongoing land

tax every single year on a family home. This

would be absolutely outrageous. But I wouldn't put it past them.

Because right now, they're trying to create this divide within

Australia between those who have a home, for example, and

those who are renting. And if this unrealized

capital gains tax gets passed, which could be any day

now, then I have a fear that the unrealized capital

gains could actually spread to the family home. Now, why would I

say that? It's because the way the socialists and the communists

see things is that if you hold an asset, you owe

it to the state for the fact that it has increased in

value and you've benefited from that. So because you've benefited

from the fact that it has increased in value, they want to tax

the increase. So what does this look like? It could mean you

have a house worth today $500,000 over a period of a year. Let's say it goes from

$500,000 to $550,000. There's now a $50,000 increase. the

government could come in and say, you now need to pay tax to us

on that $50,000 increase in the value of your home, even

though you haven't sold the home. Right now in Australia, if you

sell a home, it's tax free. But they could say, but

you've benefited from the fact that you've owned this asset in

this beautiful country, Australia, off the backs of hardworking everyday

people. So therefore, you've got to pay tax. Then

you're going to say, well, how am I going to pay the tax? Because let's just say the tax is

even 10%, $5,000. Maybe

you don't have $5,000 sitting in a bank account just ready to pay out.

Maybe it's more than that. Maybe it's 20%. Maybe it's $10,000. It

may get to the point where you don't have the money, and therefore you

have to sell the asset to pay for the tax. That's

how insidious these types of taxes can be. And

that is ultimately where I think Labor and combined

with the Greens, because they're radical extremists as

well, That's where this could go. So

let's hope it doesn't get there. Hopefully, they can bring in some other things. Like

I just saw just yesterday, Trump has now brought in

a tax where there's no tax on overtime. Could

you imagine? Imagine if we had a tax like that in Australia, no tax on overtime,

maybe no tax on a second job, for example. That would really

keep money in your pocket and help pay for the day-to-day things

that we all want to pay for right now. Because we all know there is a cost of living

crisis going on right now, too. So I

said in the very beginning, in wrapping up this episode, guys, I said in the

beginning that I would put forward a solution of

something that I think could be a good thing for all in

Australia to do with superannuation and SMSF, and

that would be to petition the government for direct

change. Now, This is my petition, which

I think you're going to absolutely love. This

is it. To the honourable members of the Australian Parliament, we,

the undersigned citizens and residents of Australia, call upon the Australian Government

to implement a 0% tax on

superannuation, including Bitcoin and other cryptocurrencies held

within a self-managed super fund. This bold reform

would empower Australians to build wealth for retirement, foster financial

innovation, and position Australia as a global leader

in the cryptocurrency adoption and economic growth.

So guys, that's what I'm doing. I'm putting a petition together directed at

the Australian government today. And

I'm simply calling for 0% tax on

superannuation, including SMSFs, and of course, for people

like me and many of you out there who hold Bitcoin in

your self-managed super fund. So if that's something that

you think you'd like to support, please find the link

in the description, click on that, sign the petition, and

let's get as many as we possibly can to present that to the folks down

in Canberra who ultimately should be there to

serve our interests. All right, guys. Thanks so much

for joining me on this episode of Crypto Collective. I

know this is something that people are so passionate about. If

you want to find out more information about what I'm doing and helping people

get Bitcoin into an SMSF and continuing the discussions about

maybe moving overseas or having a companies

set up or accounts overseas legally, find

the other link in my description down there, which is

to the online community, Crypto Collective. All

right, guys, that's it for me. Take care. Thanks for tuning in to Crypto Collective.

If you've enjoyed this episode, the best way to show your support is to leave

a five-star review on Apple Podcast or Spotify and

make sure to subscribe to the YouTube channel so you don't miss an episode. You

can also find more of me at I'mMatthewFraser on