| ▲ | 3rodents 2 hours ago | |||||||||||||||||||||||||
That’s the trick. Don’t live anywhere. Every other country taxes based on residency rather than citizenship. If you’re not a U.S. citizen you can just wander around the world living tax free regardless of your income. Don’t stay anywhere long enough to become a tax resident. | ||||||||||||||||||||||||||
| ▲ | fer 2 hours ago | parent [-] | |||||||||||||||||||||||||
Sorry but that's been a meme and a house of cards since the Common Reporting Standard. The fact is that the country whereever you carry any legal activity will require you to prove you're taxed elsewhere not to tax you in place. To carry out economic activity you'll need a presence, if it's a company it's corporate tax, if you're freelance you'll need a registered address. Most banks will freeze you without a TIN and and address. Plus the whole can of worms of the centre of vital interests or source-based taxation systems. In the moment you input an address in the financial system, the tax administration will know, and they will knock your door for any significant income, plus arrears, pulling one of the cards from your house, and it's not going to be pretty. | ||||||||||||||||||||||||||
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