FlyerTalk Forums - View Single Post - Best Country to Look Into for Second Passport (US Citizen)

Oct 18, 2010 | 6:06 am

#44

GUWonder

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Quote:

Originally Posted by aster

Those are also extremely "socialist" nations with some of the highest taxes in the world. Not a good place to move to in order to save a buck this way.

And Norway - by far the most fun place out of the trio - isn't even in the EU so your work opportunities are limited if you plan on heading anywhere in the Union (you can open up a company though that will hire - you - as its director, so there is an easy loophole due to the EEA).

Unlike the US, these 3 "extremely 'socialist' nations" do not tax their citizens residing abroad on foreign-generated ordinary income; and companies and shareholders from those "extremely 'socialist' nations" can well find themselves having substantially lower taxes than is the case for US persons (writ large to include US companies).

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