Originally Posted by
dulciusexasperis
Emrdoc, when I wrote 'Obviously, I am not going to go into detail', all that meant was there is a LOT of detail and it applies ONLY to me and my situation. Therefore, there would be no real point in trying to explain something quite complex. Don't jump to the ASSUMPTION that it means there is something to hide.
Tchiowa, what have I described? I have not described what I do but I have stated it is all legal. That you do not have the knowledge necessary to know how it can be done does not mean you are right. In fact, you are wrong and I do not like you trying to suggest that I am a liar. I suggest you consider whether making such remarks about someone might raise a moderator's attention.
As for assets and investments, etc. that's hilarious. In fact, it is the person with a lower income who would probably find it next to impossible to achiever an income tax free existence. It takes money to achieve. VivoPerLei has it right when he suggests a good accountant IF you make 'decent money'. ie. enough to warrant employing an accountant to structure things to your best advantage from a tax viewpoint.
Why people want to disbelieve what I have written is interesting. But it is a subject for a psychology forum perhaps, not a travel forum. I wrote what I wrote to the OP to explain that the OP needs to clarify what he wants to achieve. In simple terms, a part time break away from home or a full time change in status. Why not try sticking to the topic the OP has asked about and forget about trying to tell me what I am doing is illegal.
I am in a similar environment and I do not see any need for lying or covering up of illicit activities.
To minimize tax as well as many other issues there are many factor to consider depending on:
- What citizenship you have or is entitled to.
- Where you can legally reside. It is easy to enter as a tourist but that does not offer permanent residency.
- Where can you legally "work" or pergorm services for a fee.
- Where can you legally carry on a business.
- Where can you legally bill for services rendered.
- Where can I maximize my fixed monthly income.
- Where can I maximize my after tax investment income.
- Healthcare.
- Quality of life.
- Banking services.
After all these consideration and paid advice does one go about selecting residency and business domicile.
I can understand not publicly sharing quality information obtained at a cost.
Commander Bond said it the best: " I can tell you but I am going to have to kill you!"