Banks are trying to control and prohibit how much you

can buy in Bitcoin. If I just steer off taxes for one second, you've

got ID just to access Google, the e-safety

commissioner to protect people online against hate

speech. It's the biggest joke. With all these taxes that are

being proposed, is Bitcoin next? Once your Superfund gets

over $3 million of value, that means that you've now owe

tax on the Bitcoin even if you haven't sold

it. At what point do you actually think about moving? Even

though I've got a digital asset that I can just walk out

of the country with, the ATO says to me, we want some of

that Bitcoin that you've got. Don't you feel like you're just living in

a tax prison? And what's at risk right now? It seems like

Bitcoin is at risk. 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. If you've seen

any of my previous videos talking about this, full-on

tax agenda by the Labor Party, you'll

know what I'm talking about. It just seems that every single

day, right now, there's a new tax being proposed. There's

a new tax that's being implemented. And if I just recap

on some of the things that I have been talking about, including some of the new ones,

I mean, we've already got unrealized capital gains tax, or what

I call the theft of people's retirement savings, because that's

exactly what it is, an unrealized capital gains on

superannuation. There's now talk about increasing the

GST across the board. And

some of you out there might say, yeah, because I've seen it in the comments,

particularly on TikTok, which has gone crazy. Some of you will say,

yeah, no, I agree. Put the GST up. It's

good, yeah? But we also want to have lower income

tax or get rid of some of the other taxes like stamp duty and

payroll taxes and all this type of thing. But can I

just say, when this happened before, there

was meant to be a lot of taxes that were supposed to be eroded away.

Stamped use on properties, car tax, fuel tax. I

mean, there are taxes everywhere. Payroll tax, which is one

I absolutely can't stand. They were supposed to be abolished. And guess

what happened? Nothing happened. In hindsight, I

wish there was There was marches in the street

about that, about the fact that the government hadn't fulfilled

its promise of getting rid of a lot of other taxes. But

anyway, that didn't come to fruition. We're still left

with the same taxes. And now we're talking about raising the current

GST level from 10, which could be all the way up to 25% GST. Now,

some people are saying, Matt, not 25% GST.

The government wouldn't do that. But I'm telling you, there are countries around the

world right now, first nation countries, first world countries, that

have already between 20% and 25% GST. The UK has a 20% GST. So

this is not out of the realms of realism.

This could actually happen, which would actually be crippling for

our economy. But it just seems right now that the government doesn't give a shit about the

economy, doesn't give a shit about the people, and it's infuriating. Now,

even just this week, we saw the

proposal from the state Labor Party. Now, these

people, just to give you some context, The state

Labor Party in Victoria has the biggest debt

in Australia. Now, how much do you think they spend

on interest on the debt? Right? Yeah?

No guesses? It's $1.2 million an hour. Every single hour, $1.2 million on

the interest on the state debt. So

that's the context behind it, which makes you now realise why

they are coming after everybody with these extra taxes. Now, we already know

about the farmers' taxes. You've seen land

taxes go through the roof all across Victoria. You've

had the farmers marching in the street outside Parliament

House, calling for the end of Jacinta Allen,

the Premier of Victoria, and her government, her radical

leftist government, get them out of that office. But

this week we saw another one. And this has been something that I've been

talking about for months and months. Now

that is, they're now proposing, wait for it,

a state sales tax on your family

home. The one that was considered sacred.

They couldn't be taxed because under the federal system, It's

your principal place of residence is capital gains tax-free.

And we've enjoyed that no-tax system for

decades and decades. But now, because the

state Victorian government is so corrupt, cannot

manage the budget whatsoever, they're spending money like there is no

tomorrow. It's absolutely incredible what they're

doing. It's infuriating what they're doing, because it's

wasting our money. Okay. So

now they want to go down. It's

a low act, put it that way. They want to produce a low act of

taxing the family home. And on top of that, they also

want to do a yearly land tax on the family home.

Yeah. And they'll sell it as, yeah, but we're going to, we're going to abolish the upfront

stamp duty. Yeah. It'd be great. You won't have to come up with a

$30,000 stamp due. You can just pay $5,000 a

year. But what's going to cost more? It's going to be the

$5,000-odd a year in land tax on your family home

for the rest of your life. That's going to cost more. So

you can see what's happening here. I don't really

want to be talking about all this kind of stuff, to be honest, but I

represent and I stand up for the Bitcoin community. We

have been stacking Bitcoin for a short time, some

of us a very long time. And my fear right now

is with all these taxes that are being proposed and

that are being implemented, Is Bitcoin

next? Now, essentially, it basically is. Essentially, it

is depending on which vehicle you have it in. If you're thinking about

your self-managed super fund, if you've got Bitcoin in there, well,

yeah, once your super fund gets over $3 million

of value, which could easily happen with Bitcoin, easily,

because Bitcoin is compounding right now at about 50% a year on average. Just

this year alone, Bitcoin has done over 80%. In 2024, it

did over 120% increase. So

I'm saying 50% is the average, right? And we're well surpassed that

now. So getting to above this $3 million mark, is

going to be so, so easy, and therefore will be subject

to unrealized capital gains, which means that they will

come in and ask you to pay taxes on

Bitcoin that you haven't even sold yet. It's outrageous, absolutely

outrageous. So if you're thinking about all these taxes, you might be thinking, what

can I do about it? Is there something that we can do? Yeah, you could go marching in

the street. I started a petition to say, particularly on

the superannuation tax, Actually, I wasn't even calling for

no tax of as far as the unrealized capital

gains tax. I'm actually calling for no tax at all on

superannuation. How about we just have a tax-free retirement fund?

I know, crazy, right? But it would encourage investment. You'd

be able to put as much money in there as possible to save for your retirement, less

reliance on the Centrelink public system

in later years, right? You probably wouldn't need a pension or rely on a pension in

later years. If you had no tax on superannuation, not

when you're putting it in, not when you're putting it out, nothing. And so that's

what I'd be proposing. But some of you will

be saying, look, I'm happy to pay the taxes, right? We live in an

amazing country. I'm just happy to just keep forking out.

Even if they put the taxes up, that's totally fine. We'll just keep forking out. Just

keep money. Yeah. Some people

actually say this. I say this jokingly, but some people actually say this. But

what's even worse than the

taxes is the fact that on

the unrealized capital gains tax, you've got politicians, judges,

and bureaucrats that are exempt from paying the

tax. And that is the bit above everything else that

gets people really fired up. Because it's

good for them. But it's not good for us. It's good for

them not to pay. It's not good for us not to pay. We have to pay up. It's outrageous.

And I know, I always say outrageous. But it bloody well is outrageous. So

what are the next steps then? So I've been doing some digging around to find

out what could be the play moving out

of Australia. And what happens to your Bitcoin? Can

you just actually just pick up your Bitcoin? Because of course, I hold all my Bitcoin

on a cold wallet. Right? Completely sovereign. No

one can touch it. I can just walk out of the country with my Bitcoin. But

am I breaking the law? Yeah, am I breaking the

law if I do that? So what I did is I've been speaking to some consultants in

the past four weeks or so, consultants that

help with the visas for

places like Dubai, for example. So I've really focused on Dubai, because I think, all

in all, it seems like the place to go as far as the lifestyle, the

tax regime there, which is basically no taxes. And I

think it could be suitable for my family. Now, I'm not saying I'm 100% doing

it, but at least I'm exploring the option. And I think at the very least,

even if I don't move there, I think at the very least, I will have a

UAE passport, okay, which is called a

Plan B passport. This episode is brought to you by CoinStash, the

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and operated. Hit the link in the show notes and book your free call with

the CoinStash SMSF team today. Back to the episode. A

lot of you may not have heard that term plan B passport. What it basically means

is you've got a passport to another country where if things get so

bad here in Australia that you can just pack

up and go, right? Because you've already got access and

entry into the other country. Because the problem that

people might find is they don't think about the plan B

passport, right? They stick their head in the sand and they say,

you know what? You know a little bit of taxes here

a little bit of taxes there. It's all going up. We can't afford it But you know, we'll just

put up with it because we don't want to move but what at what point though?

Do you actually? Think about moving at what point

so if I just steer off taxes for one second You've

got, even just this past week, it's been all over the news, which

has been the ID

to get into social media, right? So they're trying to ban it for under

16-year-olds. But the consequence of doing that is that everybody

has to show ID, biometric scans, and all this kind of

crazy stuff, this Orwellian stuff. They have to go through

all that just to access Google, to do a Google search.

So therefore, the government knows exactly who

you are and what buttons you're pressing and

things that you're looking at on the internet. Now, there are already things

that do get flagged, apparently, so I've heard, when

you type certain things. If you type in, I don't know, bombs and

things like this, right? My understanding is those types of things already

do get flagged somewhere in the internet system. But

this is to do with every single thing that you look at.

Now, you might be happy with that. The next thing that they're

talking about, of course, is the e-safety commissioner.

Honestly, it's the biggest joke. The e-safety commissioner

is there to protect people online against hate

speech and things like this, which is basically just another word for

censorship. Yeah, so look, if you believe in all that stuff, you're

good. I'm personally not in favor of it. I'm not in favor of

control. I'm not in favor of the censorship. And the

next thing you've got is banking restrictions. So even

just this past couple of weeks, there was a guy who came onto

the news. I think he might have been a journalist or something, and that's how

he kind of got on there. Now, he was contacted by a major bank.

I think it was the CBA. And they basically said

to him in an email, How much cash do you have at home? Why

do you have cash at home? Who do you intend to give your

cash to, right? This is completely over

the top, right? These were the questions that came to this guy, and he was

blind away, like, why are you even asking me? And the

funny thing is, I remember coming out of the COVID era,

when a lot of things kind of like just, I don't know, they were shutting down left, right,

and center. And at that time, I made the conscious decision, hey, we

need to hold cash at home just in case something

happens. We need to use the cash because the banks don't work and this doesn't work,

right? So it doesn't seem out of the ordinary that he would

even have some cash lying at home. But the fact that the bank

even wanted to know about it. If you walk into a bank these days, you get a

bazillion questions about why you want to take it out, which

we all know about. You've also got instances right now where

the banks are trying to control and, I guess, prohibit how

much you can buy in Bitcoin. So what Bitcoin you can buy. So by

transferring money from the bank to a cryptocurrency exchange,

that now poses big problems as far as the bank's concerned. So

restrictions everywhere you go. So

in the midst of all this, I start thinking about, do I now need to move

out of Australia? And I can tell you, I am making moves. I'm gearing myself

up to maybe moving out of Australia. Something, for example, that I'm

doing right now is I'm selling the entire car collection. The

entire calculation, which I don't really need. It was fun to

get. I'm down to the last two cars now. They're going to

auction in the next couple of weeks. I've started selling off

my commercial properties. I've sold one early this year. I've still got another

few more to go and a couple of residential properties. So I'm

dematerializing all of my physical

assets and moving into the digital space. But

keep listening. Because I'm going to tell you why later on as

to the implications that you may be faced even doing

that as well, having everything in Bitcoin. So in

recent weeks, I've gone to these consultants. I'm just going to tell you a couple of them that

I've been to. And the first guy was going in

the cost, and the cost is going to blow you away. But basically, this was like a

full white glove service if you wanted to figure

out obviously the visa process, how to set up banks, companies, perhaps

you wanted more than one passport, this company could look after, find the right

schools for you, right, the list was endless of what they could do

for you. Just for them to do a basic,

may I say basic, A detailed report based on

your own particular circumstances without implementing

anything, that cost was $28,000 US. So

we're talking in the vicinity of about $42,000 Australian

just for them to do that. So this is not for people who

obviously are skint. You've got to have some money behind you

if you're going to want to look at these types of consulting services. I

then went to, I should actually say, after

the $28,000 USD, to then implement everything, it

was going to cost up to another, up to, sorry, from $28,000 up

to $100,000 US dollars. So $150,000 Australian dollars.

So I, look, I can see

the benefits of it, right? Because they would take care of everything. And if you had the money,

you'd probably pay it. And if you had millions

and millions of dollars and you only had to fork out 150 and they did everything, probably

worth it. But I went to compare and I went to a different consultant. This

person also specifically looks after golden visas

into Dubai. Their cost for doing such a

process was 50,000 USD. So

in the vicinity of 75,000 Australian dollars.

But they did the entire process for you. It's

much cheaper and there are cheaper ways to get into Dubai. The

Golden Visa, however, gives you entry. And

there's actually a couple of different Golden Visas. There's one which is in by merit, which

is what I was looking at. The other one is through investment. So

if you go in and you buy property or you put a large sum of

money into the bank, then you qualify to get the

Golden Visa. And the Golden Visa can range from a period

of five to 10 years. And the other

benefit of the Golden Visa system was

that you don't even have to go there. So this is what I started

talking about before, was the plan B passport. You

could just have this golden visa in your back pocket, and if shit went

south in Australia, you could just pack up and you're out. And

this was something I was mentioning before about planning it out,

hence why I've been selling everything. So I'm planning things to

get the plan B passport and dematerializing all

my physical assets. So let's pretend you've actually

got this golden visa. All I'd have to

do, actually, is fly to Dubai, sign the documents, stay

there to get an ID or something or other, maybe a couple of weeks, and then

that's it. I can then come back to Australia. I could live here

for the next nine years if I wanted to, if I had

the 10-year option. And then in year number 10, I

could then move to Dubai. OK, or I

could just visit in year two and then come back. I could come and

go as I please. So that's one of the benefits of the Golden Visa system. The

other options you have are like residency visas, where you would

get like a two-year residency, but you have to be in the country for

certain periods of time, right? So there's just different visas, different requirements,

and also at different costs. There are some visas that

you can get where you don't even need to put down a large sum

of money in a bank or property, for example. The

other thing I noted, though, too, was to get a, well,

I think they called it a 90-day tourist visa. With

a visa like that, which I think probably a

lot of people would get, I would presume. But what was

interesting, though, you had to produce a bank statement showing

that you have got at least $6,000 AUD in

your bank account for like the last six months. You had to produce a bank statement

showing that. And that was to show that you've got a sum of money in your

bank account that if you ended up in Dubai, you've got funds

to live there for up to 90 days. So they

do set different requirements. So I'm

thinking for me, it would probably be the

golden visa by merit. That's probably what I'm going to do. The next question

you're going to ask is, well, what about your family? What about your wife? And

It's not $50,000 each,

for example. So you might pay $50,000 to get your

first visa, and that would be myself. Then you can bring your

family members in once you've got your own golden visa. They

can come in as a spouse and children. And I even think you can get

parents in under that same system. But the cost to them is

much, much cheaper. It's in the vicinity of a couple of thousand dollars each.

So once you've been through all that, then you're pretty much

good to go. But of course, you can do your own research and look at Dubai.

You can do your own research and look at any other country around the world, because there are

plenty of other countries that have near zero

tax or no tax. And just to recap on Dubai, zero

income tax, zero capital gains tax, and only

a 9% corporate tax. But when I

say 9% corporate tax, in Dubai there's actually, or in the UAE,

There's actually what they call economic free zones. So

if you earn up to, let's say, off the top of my head, I think it's up to, say, $1 million thereabouts.

If you earn up to that, you don't pay any tax. So it's very,

very attractive to move there, certainly

for the tax perspectives. But I think you need a bit

more research to the lifestyle. If you can put up

with the heat, it's really good weather. In fact, they do

say to move out of Dubai or the UAE in

summer. Apparently it's brutal. So you have to get the hell out of there. But

that's something that we would actually do. We might move back to Australia for a month or move

somewhere else for a period of time. Now, as

I'm collating all this information, I then had to do the next bit,

which was to contact someone who knows about taxes in

Australia. I'm not a tax advisor. I'm not an accountant. So I go and

seek advice from other people. Use

the link in the show notes to learn more. Now, back to the episode. Now, I

sat down with a tax lawyer who specializes in

the exit taxes. And you're going to say, exit

taxes? What do you mean exit taxes? It

just turns out this is, I guess, where If

you're someone who is a successful guy, a

guy or girl, who you're building wealth, you generally build

wealth through assets, and now you're thinking about moving, well, now

you've either got to get rid of the assets, or

you pay tax on the assets when you

Draw the line in the sand and say, I'm out. Even

if you don't sell the assets, this is where they get you. So

look, I'm dematerializing all my physical assets, so I'm

going to pay capital gains tax on all of those assets. That's

just what it is. But I'm putting a

lot of that money into Bitcoin. Here's the

deal, though. Even though I've got a digital asset that

I can just walk out of the country with, the ATO says

to me, no way, Jose. We

want some of that, too. We want some of that Bitcoin that

you've got. So what they do is they deem your

Bitcoin as sold at the time that you sever

ties with with the ATO so

you move out of Australia right so that means that you've now owe

tax on the bitcoin even

if you haven't sold it it's deemed as sold so

let's just quick numbers if you've got a million dollars worth of bitcoin you

pretend that you've actually sold a million dollars worth of bitcoin now if

you paid a hundred thousand dollars for the bitcoin because

it's now 10x your gain is now $900,000. So

you're going to pay tax on that gain. And

of course, it will depend on then how long you've held that Bitcoin, because

you would still be eligible for a 50% discount, or tax on

50%. So it could be in the vicinity. Let's say you get the discount, 900. It's now

450. Tax on 450. You could be in the vicinity of $175,000 to

$200,000 in tax. It's

brutal. But I guess you've got to weigh it up, right?

Is it worth paying? I would say it is. I

would say it's worth paying the tax. to sever

ties with Australia, because then you could just take that money now into a

tax-free jurisdiction like Dubai and

just compound that interest. If Bitcoin's compounding right

now at 50%, right? So you compound it pretty quick. In

fact, I'll tell you a little side story. I've just got

involved with a trading company, and this is going to

blow you away. This trading company is doing 24% average

per month with their trading. Right, stop

what you're doing, right? Listen, 24%, not

a year, a month. And they've never had a down

month in the past two years. So basically since they've been operating

with the retail sector, people like you and me, never a

down month, right? It's totally insane. Now,

how do they make money and what do you have to pay to get into something like that? You

actually pay nothing up front, no ongoing fees,

and no exit fees. You also do what's called

is self-custodial, right? So you custody

your own money, and the company uses an API key,

which is just basically gives permissions within the trading platform for

them to trade that money. But they can't withdraw the money out. At

the end of the trading cycle, about four weeks, to

get their profit, and they take 50% of the

profit, right? So if they actually do 24% in a month, they

get 12% and you get 12%. So if

you're talking on, if you had 10,000 USD, for example,

the total profit for the month might be $2,400. They take $1,200, you keep $1,200. So it's 12%. But in order for them

to get paid, they can't even debit your account. I'm

not even joking. They send you an email with an invoice and say, hey, we've

made you all this money. Could you please pay us now? So if they don't

make money for you with their trading, you

don't make money. Sorry, if you don't make money, they don't make

money. How good is that? No ongoing fees, no exit or entry fees.

Just as a side note, I spoke to a parent at my daughter's birthday party

the other day, talking to him about the trading. He was with another company, some

other random company. It was $15,000 just to

get into the company to do trading. I said, great, how's it

going? I've lost half my money. I was like, oh.

So I told him about the trading that I'm doing. And

he was blown away. So just as a side note, if you guys are

actually interested in doing the exact trading that I'm doing, minimum's

$10,000. You can just simply click on the link, come into my community. I've shown all

the trades for the last so many months, because I've been testing it myself. And

you can actually get involved. But only come in if you've got the $10,000 USD, otherwise,

which is about $15,500, $16,000 AUD. If

you're interested, come in. If not, then don't worry about it. But it's really good. My dad's doing

it. My sister's doing it. A lot of people making money, which is good. So

that's a side note. Now, the reason I tell you that is

because the 50% that I'm now making, I've

got to pay tax on that. I've got to pay tax on that in Australia

to the tune of about, it's about 50%, right? It's about

half of the money has to go in taxes. Now, if I was to do the

same trading using the same system now over

in Dubai, I can keep all

of that money. I can now compound all of that money

back into either Bitcoin or back into trading, and then

grow my wealth much, much faster. So

that's the reasons why, or one of the reasons, I don't want to say it's

all the reasons, but that's one of the reasons that you would move to Dubai, because you

now don't have to worry about this capital gains tax. And if you're paying

yourself a salary or you just get a job there, there's no

tax on your personal income either. So

guys, in wrapping up this episode, telling you all

the things that are happening in Australia and how to get out of Australia, let

me just leave you with a few key points. The first thing is,

decide, do you love Australian tax or not? If

you think it's going to change and you think it's going to get better, one thing I

didn't even talk about was central bank digital currencies. They're

coming down the pipeline. What is a central bank digital currency, also

known as a CBDC? It's programmable digital

money brought to you by the government through central banks.

It basically controls everything that you do. It's like a credit score

system. If you're unsure about what it is, you

don't want to put it that way. Look up, go Google, China,

CBDCs, or digital currency, and you'll be horrified of what's happening

over there. That's coming to an Australian landscape near you. So

that's what you're looking at. Now, if you're happy with all that, don't do anything. If

you're thinking, I don't want to be a part of that, the first thing you've got to start doing is

planning the exit, right? You cannot leave this until

the 11th hour and then think, oh, I'm just going to get a passport. OK, it's going to

take time. I would suggest to you, at the absolute

very least, that you need to get a Plan B passport. Now,

what that means, again, there's other countries. It doesn't have to be Dubai.

Panama, for example, could be another alternative, much cheaper

to get. And you don't have to be there for any

period of time. You can just have it in your back pocket. So if

anything happens in Australia, you want to get out, that's a place you could also go

to for a safe haven. Also, very favorable tax

rates in Panama as well. So once

you've decided that you're going to have to get at least a Plan B passport, obviously,

you're going to have to budget for that. And you're going to then speak to an

exit a tax lawyer regarding exiting Australia

at some point, if you're going to continue going down this path. Because

if you've got a lot of assets in Australia, and this also includes your superannuation, I

haven't even touched on the superannuation side of things, but basically, it

will also be, you may not even be able to access it

if you leave Australia. You may have to actually

leave it in Australia and only access it once you turn

retirement age. Now, don't take that as gospel. You may

have a different situation. Maybe you can actually access yours earlier depending on

what type of superannuation scheme you've got. So go and speak

to an expert on that. But there will probably be either you can't access

it or you will

just pay a lot of tax to get it out. So either way, it's bad. So

once you've done all that, you go speak to a tax lawyer. And I

will tell you, I didn't tell you this before, but the tax lawyer, it ain't cheap.

I'm telling you. You've got to be rich to

use a tax lawyer. But if you've got no assets whatsoever,

then you're sweet, right? If you've just got $1,000 in

the bank, you can pretty much just walk out of Australia. You're pretty much done. It's

when you've got, and superannuation aside, but

it's when you've got a whole bunch of assets, that's when it gets complicated. Like, when should

you sell? What time of the year should

you sell? What tax is applicable? There's a whole raft

of things that you need to know about. The tax lawyer quote that

I got, you're going to have to be sitting down for this, guys. And I promise

I'm going to wrap it up after this, but it was basically 20,000 Australian

dollars. I was like, just to get the advice. But hey, look,

the way I see it, if they can save me 200, a

million, $2 million, then it's obviously going to be worth it. So

those are the types of measures that you're going to have to start thinking about. If

you want to, I'm actually documenting my journey play by

play with all the links to all the people who I'm following, the

consultants who I'm following, the tax lawyers details, everything

that you need to know. I'm documenting all of that in my online

Crypto Collective community. It's absolutely free to join. You

can just come in there, have a look around. You can also check

out the trading that I'm doing. I'm actually documenting the journey of

the trading that I'm doing in there. And of course, there's a

guide in there if you're interested in moving your superannuation into

an SMSF and allocating to Bitcoin. Why Bitcoin? Because

it's the best performing asset. Alright guys, look, I'll wrap it up there. I

hate to leave that downer on you about what's happening

in Australia. But look, I think you just need to go in with your eyes

wide open so you can make the right decisions for you and your

family into the future. All right, guys. Look forward

to seeing you on the next episode. Take care. Thanks for tuning in

to Crypto Collective. If you've enjoyed this episode, the best way to

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