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Residency, at least for overseas tax purposes, generally is presumed to transfer whenever (and wherever) you spend 180 days of a year somewhere, so you by defin
by PeterisP 5y ago
Residency, at least for overseas tax purposes, generally is presumed to transfer whenever (and wherever) you spend 180 days of a year somewhere, so you by definition can't have multiple residencies (unlike nationalities); you can have residency rights/permits in multiple places, but once you become resident somewhere you cease to be resident at your previous country of residence.
- dzhiurgis 5y agoCan you live without residence? Say I'm sailing around the world. My home country could be thousands of miles away, pretty much unreachable in a practical way. Should that still count as my residence?
- ipaddr 5y agoIn some countries Canada for example if you don't take a new residence they will treat your last residence as your residence. India is the opposite. You can work on a boat get paid in India and owe no taxes.
- sangnoir 5y ago> Can you live without residence? ding You've just discovered another hidden trick that the ultra-wealthy use to minimize their tax-burdens: in each year, they travel and ensure they do not reside long enough in each country to be considered resident fir tax purposes.
- dzhiurgis 5y agoIt's not really a trick if you don't use the services, especially healthcare or education system. I'd be all in for nomad tax at something sane like 10% or some trade pact that you can get healthcare and edu for free anywhere in the world (already the case within EU).