Quote:
Originally posted by andi_germany
I am not sure. You have to compare living costs, medical costs etc. with the tax savings. The more you earn the better you do on the Bahamas. I was earning about 250k the year I was there and I nearly spand as much to stay and move there than what I would have paid in taxes. So I would prefer to live in a country that offers me everything I am looking for unless I am earning a shitload of money more.
It's also a matter of greed. Paying a lot of taxes normally means you have also earned a shitload of money. If thats enough for you you fine. If you want maximum profit and take less confort to archive this than the islands are the best choice.
There are also other options to save taxes. Just incorporate the business there. You will only pay taxes for the salery you give yourself and not for the company profit. You can park the company profit offshore and leave it there until you want to get into retirement and then move.
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So given your experience with the Bahamas and (i take it) the German tax system, where do you live now?