3 ms·
What's not plausible about this? People are doing it. It's not even much of a "loophole" since ultimately, 90% of people prefer to settle down for residency som
by dualogy 15y ago
What's not plausible about this? People are doing it. It's not even much of a "loophole" since ultimately, 90% of people prefer to settle down for residency somewhere rather than keep travelling for years. The tax man always goes after the average 90% of people first. But yeah, depending on your citizenship you can do this, known as PT: "permanent traveller", perpetual tourist, previous tax-payer etc...
Be sure to know the rules of the countries you visit and more importantly those of your citizenship country. If you're German, you cannot do this less-than-180-days-per-year operation if you hold "tangible economic interests in the country" such as: being employed there, having property interest there, or other assets such as company shares in or from within the country etc.
So again, not a workable "loophole" for the majority of people but a decent state of affairs for the vast minority of Tim Ferris-style indy web-biz travellers with no significant "financial" assets or interests inside the country of citizenship.