671–680 of 876 posts
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Oh well, that's alright then. As long as it's only successful people getting screwed I suppose we're good.
Well, wehther it's alright or not, whether it is accurately characterized as 'getting screwed' or not, at least it's only the ones who can most afford it.
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Imprecise but not incorrect: https://en.wikipedia.org/wiki/German_nationality_law#Dual_(o...
I heard rumours that this law is basically to put a thorn in the eye of Turkish immigrants minus what the EU does not allow. Is there any truth in this?
Funny thing is if you are living nomad life you are still required to pay tax somewhere, which I'm not sure makes much sense. My country surely not going to pay my medical expenses abroad, so why should I contribute?
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This. Living (even partially) overseas as someone who was born in the U.S. has so many disadvantages. The U.S. is the only country in the world that imposes global tax. Not only that, taxes are really complex and cost a fortune to file if you have overseas assets. Now, add to that that I cannot sign up for many bank accounts or other financial institutions because they don't accept U.S. customers - they don't want to…
Eritrea imposes a global tax as well.
It's so irritating to be an American that has moved overseas. Basically the only country in the world that charges taxes on money you make and spend somewhere else, just because of where you were born. Thanks to IRS regulations, 90% of investment firms will just reject me outright rather than deal with the paperwork. Getting someone to help file my inordinately complex taxes costs thousands of dollars more than I act…
American here living abroad in Croatia, which does not have a tax or social security agreement with the US. The only reason why I do not renounce my American citizenship is because the very rare disease that I have was discovered on NIH grant funds in the 2000s and ultimately saved my life. I am not sentimental about being American, except for that.
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American here living abroad in Croatia, which does not have a tax or social security agreement with the US. The only reason why I do not renounce my American citizenship is because the very rare disease that I have was discovered on NIH grant funds in the 2000s and ultimately saved my life. I am not sentimental about being American, except for that.
What disease if you don't mind me asking?
It's immune-mediated autonomic neuropathy and causes autonomic nervous system failure. I am in pharmaceutical remission now.
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This is untrue, if you're a citizen of Australia who is a non-resident you don't have to report or pay taxes on world wide income made outside of Australia.
The laws recently changed last month. If you spend more than 45 days in the country or tick two of the following dot points you are now considered a tax resident and need to pay income tax: * the right to reside permanently in Australia * Australian accommodation * Australian family * Australian economic interests. https://www.lexology.com/library/detail.aspx?g=a9c5000f-bde6...
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> surrendering US citizenship is a logical choice Only because of US laws. I have two citizenships, but one residency. In most Western countries, being a resident is associated with healthcare and pension, so having one residency is logical.
Residency, at least for overseas tax purposes, generally is presumed to transfer whenever (and wherever) you spend 180 days of a year somewhere, so you by definition can't have multiple residencies (unlike nationalities); you can have residency rights/permits in multiple places, but once you become resident somewhere you cease to be resident at your previous country of residence.
I could potentially wait until my US citizenship is a thing of the past before I even build anything, let alone create a new legal entity. But ideally I would find a way to start this now.