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Originally Posted by Walrus
So you can actually make more money as a Webmaster if you live on foreign soil? You have to pay a fee don't you to transfer your earnings to your home country's dollar. I would think that would end up being the same as paying taxes.
- Walrus
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It depends on what foreign soil and where your citizenship is.
In my case, Costa Rica has a geographical income tax system. That is to say you only pay tax on money you make in the country. Money earned on the Internet, paid out of the United States or Europe is not taxable.
Now, I would have to pay Canadian taxes normally but I'm a non resident citizen of Canada. That means I pay no taxes in Canada either.
The main currency down here is the Colone. US Dollars are accepted everywhere and there's no sur charge to change them to Colones (Banks always make a few points on exchange, that's not what I mean). I could change my money to Canadian Dollars, but have no reason to. Canada can be damned as far as I'm concerned.
The downfall for me is I have no Canadian Medical Insurance. It cost me about $2500 a year for complete coverage down here and that includes Dental. The American styled hospital 5 minutes from my house is more modern and better equipped than any Hospital I ever visited in British Columbia. The standard of care is high.