7 ms·

Nothing would make me come back. I'm a contractor, which makes my approach a bit easier, but last year I realized that my main client was going to fail in their

Nothing would make me come back. I'm a contractor, which makes my approach a bit easier, but last year I realized that my main client was going to fail in their effort to get people to return to the office, and I just moved overseas. Since then I've just spent my time travelling around, working from basically any place I want. Even with the travel, my living expenses have plummeted, and I now pay 0% income tax, which has almost doubled my income. My clients would have to more than double my remuneration for me to breakeven on returning to the office, and even then I wouldn't be prepared to give up the new lifestyle.

jsjohnst 4y ago
> I now pay 0% income tax Almost assuredly you are now accruing a huge debt to one or more governments. It’s not an if, but when.
- hnthrowaway1827 4y ago
  Nonsense. There are plenty of governments that offer 0% income tax, in either all circumstances, or some more limited set of circumstances, and I am now a tax resident of one of those. I would have some level of tax burden at home if I happened to be a citizen of one of the two countries in the world that taxed all of their citizens worldwide income, but I am not, so I don't. My home government even has a tax treaty with my current country of residence that guarantees they will make no attempt to tax my income as long as I am a tax resident here. In addition to the existing 0% tax countries, a number of countries have now started offering visas that come with either 0% or a very low tax on foreign income, specifically to attract remote workers. It's really quite simple to situate yourself to pay no taxes as a remote worker. Nearly every country in the world allows their citizens to move their tax residency to another country. You only have to worry about bending the rules if you don't actually leave the country who's tax system you're trying to escape.

jsjohnst 4y ago

> I now pay 0% income tax Almost assuredly you are now accruing a huge debt to one or more governments. It’s not an if, but when.

hnthrowaway1827 4y ago
Nonsense. There are plenty of governments that offer 0% income tax, in either all circumstances, or some more limited set of circumstances, and I am now a tax resident of one of those. I would have some level of tax burden at home if I happened to be a citizen of one of the two countries in the world that taxed all of their citizens worldwide income, but I am not, so I don't. My home government even has a tax treaty with my current country of residence that guarantees they will make no attempt to tax my income as long as I am a tax resident here. In addition to the existing 0% tax countries, a number of countries have now started offering visas that come with either 0% or a very low tax on foreign income, specifically to attract remote workers. It's really quite simple to situate yourself to pay no taxes as a remote worker. Nearly every country in the world allows their citizens to move their tax residency to another country. You only have to worry about bending the rules if you don't actually leave the country who's tax system you're trying to escape.