If Joshua Had Panama Tax Residency: US Tax, UK Exit & Double Tax скачать в хорошем качестве

If Joshua Had Panama Tax Residency: US Tax, UK Exit & Double Tax

If Joshua had Panama tax residency, would the US + UK tax hit change? Panama territorial tax vs UK tax residency: how double taxation happens. US withholding tax, foreign tax credit, and the legal strategy behind residency. In this video I explain the “what if” scenario: what if Anthony Joshua was a tax resident in Panama before a US fight payday? We break down the core international tax concepts that drive the outcome: tax residency, territorial tax system, worldwide taxation, US-source income, US withholding tax, double taxation, foreign tax credit, and why exiting UK tax residency is the real make-or-break step. Key idea: a US fight payday remains US-sourced income, so US tax and withholding can still apply. The major change comes from the second layer: if you are a UK tax resident, the UK can tax worldwide income and you may only reduce the impact through foreign tax credits, not erase it. The Panama scenario is different because Panama is commonly described as a territorial tax jurisdiction, which is why planners focus on residency alignment and documented life-base before the payday year. We also cover the practical, legal planning sequence used by globally mobile athletes and high earners: 🔹 Residency planning (days, ties, home base, documentation) 🔹 UK exit strategy (avoid accidental UK tax residency triggers) 🔹 US withholding strategy (avoid unnecessary cash-flow damage) 🔹 Contract clarity (fight purse vs sponsorship vs image rights, when commercially real) 🔹 Proof file (travel, housing, banking, compliance trail) CHAPTERS: 00:00 If Joshua Had Panama Tax Residency: The Real Tax Question 00:25 Tax Residency Keywords: Territorial Tax, Worldwide Tax, Double Tax 00:47 Source Taxation Vs Residence Taxation: The Rule Behind Double Taxation 01:09 US Source Income For Athletes: Why The US Taxes The Fight Payday 01:31 US Withholding Tax Explained: The 30% Shock And Cash-Flow Hit 01:53 Central Withholding Agreement Explained: Reduce Over-Withholding Legally 02:17 Panama Residency Doesn’t Stop US Tax: Source Tax Still Applies 02:38 UK Tax Residency Rules: Days And Ties Create The Second Tax Layer 02:58 Foreign Tax Credit Explained: Why You Can Still Owe A UK Top-Up 03:40 Panama Territorial Tax Explained: Why Foreign-Source Income Changes The Outcome 04:45 The Non-Negotiable Warning: Panama Works Only If You Exit UK Tax Residency 05:32 Panama Strategy Step 1: Decide Residency Before The Payday Year 05:54 Panama Strategy Step 2: Make Residency Real With Presence And Proof 06:35 Panama Strategy Step 3: Break UK Residency With Day Count And Tie Control 07:23 Panama Strategy Step 4: Manage US Withholding And Filing The Right Way 08:01 Panama Strategy Step 5: Separate Fight Purse Vs Sponsorship Vs Image Rights 08:52 Panama Strategy Step 6: Build A Consistency File For Audit Defense 09:36 The Likely Outcome: US Tax Remains, UK Layer Drops, Panama Doesn’t Add Worldwide Tax 10:23 Panama Citizenship Explained: Stability, Not US-Style Citizenship Taxation 11:29 The US Audience Takeaway: Residency Planning Prevents The Second Tax Hit Mauro Savino is an international legal and asset-protection advisor based in Panama, where he has lived and worked for over 10 years. He works with clients across Europe, the UAE and Latin America, focusing on Panama residency planning, corporate structuring, and compliance-driven strategies for protecting assets in cross-border contexts. He also has an MBA in Finance with a specialization in risk and business protection. This channel shares general educational information and practical insights. It is not legal or tax advice and does not create an attorney–client relationship. For a tailored evaluation contact: [email protected] #Panama #TaxResidency #TerritorialTax