Latest / IMI Podcasts / This Week in IM - May 22: 🇦🇺 Tax Plan to Cause “Millionaire Exodus”, 🇺🇸 EB-5 Bottlenecks Exposed, 🌴 Carib5 Oversight Body Advances, ++

Transcript

This Week in IM - May 22: 🇦🇺 Tax Plan to Cause “Millionaire Exodus”, 🇺🇸 EB-5 Bottlenecks Exposed, 🌴 Carib5 Oversight Body Advances, ++ · IMI Podcasts

• 0:00
  SPEAKER_00: You're listening to IM this week.
• 0:05
  SPEAKER_00: At IMI Connect Athens, Daisy Joseph Andal defended Caribbean CIPs against escalating Western scrutiny, calling the EU and U.S.
• 0:14
  SPEAKER_00: demands ever-moving goalposts.
• 0:16
  SPEAKER_00: She insisted that visa-free Schengen access, while valuable, isn't the sole driver.
• 0:22
  SPEAKER_00: Despite implementing advanced due diligence and post-citizenship monitoring, Andal warned that ongoing pressure risks undermining programs critical to the region's economic self-sufficiency.
• 0:36
  SPEAKER_00: In the latest installment of 10 on the weekend, IMI features AMI Pro George Eid, head of global sales at Arten Capital.
• 0:45
  SPEAKER_00: Focused on long-term industry impact, digital innovation, and significant revenue growth, ED aims to position Arten as the gold standard in investment migration.
• 0:56
  SPEAKER_00: The Caribbean 5 are advancing a landmark initiative to standardize due diligence, licensing, auditing, and compliance across member states.
• 1:05
  SPEAKER_00: Amid intensifying scrutiny from the U.S.
• 1:08
  SPEAKER_00: and EU, the new framework will restore global confidence in the Caribbean CIPS, reflecting the region's commitment to credible governance.
• 1:17
  SPEAKER_00: The AIA's newly released EB5 data reveals significant visa backlog risks due to demand exceeding statutory limits for both HUA and rural visa categories.
• 1:29
  SPEAKER_00: Since April of 2022, China and India have led in petition filings with notable interest in set-aside categories.
• 1:37
  SPEAKER_00: DLIP Parameaswaran stresses the importance of transparent guidance for investors as visa timelines vary drastically.
• 1:47
  SPEAKER_00: The ECJ's ruling against Malta has exposed an identity crisis within the investment migration industry, notes Brian Greco, prompting a call to redefine CBI as a predictable product rather than a prestigious exclusive privilege.
• 2:01
  SPEAKER_00: Treating it like an elite process risks alienating clients, argues Greco.
• 2:07
  SPEAKER_00: Amid political pressure, the industry must reaffirm CBI's original purpose.
• 2:12
  SPEAKER_00: An accessible, transparent, and equitable exchange of investment for citizenship.
• 2:18
  SPEAKER_00: Australian Treasurer Jim Chalmers confirmed plans to reintroduce the controversial Division 296 tax, a 15% levy on superannuation earnings above$3 million, including unrealized capital gains.
• 2:32
  SPEAKER_00: David Lesprints and Peter Burgess warn it could discourage long-term investment and prompt wealthy Australians to emigrate.
• 2:41
  SPEAKER_00: The legislation faces a critical test when Parliament convenes in July.
• 2:56
  SPEAKER_00: And consider upgrading your membership to IMI Pro to get access to our exclusive professional community, industry events, data, and members only content.