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ABUNDANTE

In 1931, one of the most damaging lies in history was published. Printed in the New York Times, Walter Duranty’s words would eventually go on to be partially responsible for one of the largest catastrophes of the last century. Duranty’s career was on an upward trend, mostly because of his open access to Joseph Stalin, the leader of the Soviet Union at the time. In fact, his writing was so applauded, that he would go on to win the Pulitzer Prize for foreign reporting in 1932 – the world’s most prestigious award for journalism. One of the major concerns of the world at the time, was that of Stalin’s desire to wipe out privately-owned farms in Ukraine, in an attempt to bring the population into Soviet-controlled communes. Not wanting to offend the Soviet leader, or put his career at risk as a result, Duranty chose to blatantly cover up the atrocities that were taking place in Ukraine. So on the 15th of November, he published the following words on the front page of the Times. "There is no famine or actual starvation, nor is there likely to be." At the time, before the internet or widespread implementation of photojournalism, world leaders formed a lot of their opinions and policies based on the trusted words of journalists. And because Duranty assured the world there was no cause for concern in Ukraine, western leaders saw no reason to pressure the Soviets for famine relief. In short, Duranty’s denial of the famine in Ukraine was partially what led to the deaths of up to 10 million people. This is a perfect historic example of someone looking out for themselves, while having absolutely no thought for anyone around them. Unfortunately, this is also what your government is likely doing to you. When I started my journey of pursuing global freedom, one of the biggest revelations I had was when it came to how many tactics are available to the average person when it comes to legally lowering tax. The thing is, my entire life I had been led to believe that things like offshore companies, or tax-lowering business structures, were the kinds of things only available to billionaires and massive companies. Thankfully, that’s just not the case at all. What a lot of people don’t realize is that just about any small business owner or solo entrepreneur on the planet has access to the same tax-saving resources as the largest public companies. Luckily for me, this is a fact I uncovered early on in my freedom journey. For example, it can take as little as 48 hours and an investment of only $55 to set up an offshore company in the United Kingdom that pays 0% tax. In Canada, a Limited Partnership can be incorporated in a matter of days and for under $300, that will possibly pay no tax at all in that nation. And a similar no-tax result can be achieved in Hong Kong by setting up a limited company in a couple of weeks, that’ll cost you $500 or less. On top of this, most countries in the developed world have avenues like trusts and protective structures that enable you to easily own assets, that can protect you from high taxes, or unfortunate loss. Structures that are so easy to set up, that you’ll likely be able to walk into a government office in your nearest city and file the paperwork to open one within a day. So if all this stuff is so easy, why doesn’t the average person know about this? Well in my opinion, it’s by design that you don’t know this information. Your government knows that if it can keep this knowledge from you, it means that more money will flow into their pockets that they can then mis-manage, while driving your country further and further into debt. Instead, from the moment you enter the workforce, they train you in the basics of when you need to submit a tax return each year. But apart from that, there's absolutely no education on the steps you can take as an employee or business owner to legally lower the tax you're obligated to pay. Governments don’t want you to know how to do these things. Because the more you know, the worse it is for them. But thankfully for you, we do want you to be empowered by this knowledge. Over the coming months, it's small nuggets like this we'll continually teach you here via this newsletter. And hopefully, it'll slowly open you up to new possibilities of existing in this world as a free human. And for Sorelle and I, the more empowered human beings there are out there taking action to better their own lives, the more power individuals will have to make positive changes for themselves, as well as for those around them. What I've shared with you today is just the tip of the iceberg. The knowledge I've shared with you today is part of the four keys to freedom that we believe are necessary to become a truly free human. Learning to legally reduce your tax, and set up intelligent structures in your life is part of the tungsten key. Tomorrow I'll be sharing the philosophy behind each of the four keys with you. Stay tuned. Leon Hill Co-founder, Abundantia P.S. - Before you get excited about not paying tax ever by opening an offshore company, not so fast. There's a lot you'll have to learn about the legalities of tax residency, which we'll cover in detail in this newsletter and on our website.