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Originally Posted by Fake Nick
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
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Yea.. if you hold an EU passport - there is no problem with this. But, these vary a little - ya need to check the time you can spend in your "home country", but the rules are much the same and on a sliding scale for the time you can spend in your home country. That does not keep you... eg.. if you live in Holland, from living in Spain - although this is within the EU :-)
Your local tax people will give ya a doc on this.
Mmm.. there are a few... almost any Caribbean Island... for "corps", Panama if OK and costs little. Bahamas and Cayman is OK as well - cos, in your instance you have no need to hide anything. It is all above board. Also, tho I said places like Latin America are not really offshore - you won't get one form to fill in from them either. They are not interested in having you account for foreign earnings - there is no point :-)