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I know a few people who practice this -- and as it becomes more common, tax regimes in the world will figure out a way to make it harder. Israel has apparently
by beagle3 8y ago
I know a few people who practice this -- and as it becomes more common, tax regimes in the world will figure out a way to make it harder. Israel has apparently already addressed this:
If you are an Israeli citizen, and spend more than half the year outside Israel, you don't generally owe any taxes on income generated outside of Israel ... provided that you can prove you are a tax resident somewhere . If you can't, then you are assumed to be an Israeli tax resident. If most countries had such a law, you could still shop around for low rates, but it would make it harder to avoid taxes altogether.
- sergefaguet 8y agoone can be a tax resident of monaco for 0% tax. or give up the israeli passport for something else. it is easy to acquire new passports. plus at some point it becomes taxation-without-representation and has to be fought more overtly by bringing to power governments that don't do this kind of shit. people don't realize that a century ago governments provided security and courts for a blended tax burden of under 10%. all the increase since then was to pay for medical services (mostly really dumb end of life care rather than educating people how to live healthy lives) and social safety net (which i would argue adds much less value to the well-being of the average person than technological progress does).