Quote:
|
Originally Posted by Webby
Fake Nick - if your "home country" is not the US, there is little problem. The only two problem areas, if they are that, are:
(a) you are a US citizen you are obliged to pay taxes on worldwide income irrespective of where you happen to live.
(b) it is wise to check out the tax rules in your home country re "foreign living". It is often OK to visit your home country on a sliding scale.. like one month/year to start and then increased to 2 months or so after a year or two, - else you may be subject to taxation in your home country for any funds brought into that country from foreign earnings.
Many countries have a geographical tax system - that means, any money earned from outside these countries is not taxable when you bring it into the country. Stuff like net earnings are OK. These are strictly speaking not offshore because locals still pay taxes - but you are exempt in that instance. Latin America is an example.
|
I am not from the US but Europe , I have no idea about the rules on foreign living and income in my country , I was hoping I didn't have to pay it because I dont live there and I dont earn there
seems kind of silly paying tax in a country where you dont live and where you dont earn money
Quote:
|
Originally Posted by Webby
Then there are genuine offshore's with nada taxes and nada paperwork.
|
example ?