3 ms·
> Second is when people move on "paper" to benefit from another jurisdiction but don't physically move in reality. Thus they continue to benefit from the societ
by nordsieck 8y ago
> Second is when people move on "paper" to benefit from another jurisdiction but don't physically move in reality. Thus they continue to benefit from the society they nominally "left" but don't pay into it.
What jurisdiction allows this?
The US is particularly draconian by taxing worldwide income; every other country that I know of will tax your income if you live there.
- pjc50 8y agoMany jurisdictions have residency rules that allow people to partially move - e.g in the UK if you have a residence overseas and spend less than half a year in the UK, you don't count as UK resident for that tax year. Although really most of the tax avoidance schemes rely on moving one's income and assets to a company and then playing games with the "residency" of the company.