Cool. For how much? :)
5 figures, not 6....
My Friends and I Bought an Island
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Re: My Friends and I Bought an Island
#12Hey guys-- this is my post. I'm flattered this made it to HN! Will be answering questions in comments for a couple hours if any come up.
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Re: My Friends and I Bought an Island
#13I wonder if indeed it's completely out of any state's control or it's technically still in a state's jurisdiction. I wonder what would happen if someone bought an island and started hiring people and making money there and not paying any taxes. My guess is that government agents would suddenly become very interested in that piece of land and would pay a visit.
I'm not sure I understand why being an island is different from any other land.
It's still under the tax jurisdiction of the Province and Country.
How is this different when I replace the word island with acreage or farm?
Re: My Friends and I Bought an Island
#14I wonder if indeed it's completely out of any state's control or it's technically still in a state's jurisdiction. I wonder what would happen if someone bought an island and started hiring people and making money there and not paying any taxes. My guess is that government agents would suddenly become very interested in that piece of land and would pay a visit.
The island is in Canada. I think the Canadian revenue agency can afford a boat to inspect the island.
My question is not whether they can afford it or not, but whether they indeed would do it or not. If not, then you can consider this island a separate country, which is pretty cool. If, on the other hand, it's still Canada's jurisdiction, then it doesn't make any sense owning such an island.
Re: My Friends and I Bought an Island
#15This is awesome. I always wanted to do something like this as long as I can remember, build something (more or less) self-sustaining in the middle of nowhere to feel fully independent. I am really curious to what extent the author plans on living there? Will there be houses next to the communal building? Solar Panels? A Generator? An on-site well? It is this Idea of your own small ecosystem which makes Minecraft so a…
Thanks!
At first it will be a summer-only thing, but we hope over 5-10 years to make it sustainable all year round. We want to use it mainly as a place to work together and get away from cities.
Next summer we will be putting up a 30' yurt, a huge battery bank, and a generator. Water is the hardest, so we'll probably have to catch rain and use a desalinator.
Oh-- we have awesome LTE and 4G coverage there, too!
Re: My Friends and I Bought an Island
#16I wonder if indeed it's completely out of any state's control or it's technically still in a state's jurisdiction. I wonder what would happen if someone bought an island and started hiring people and making money there and not paying any taxes. My guess is that government agents would suddenly become very interested in that piece of land and would pay a visit.
It's controlled by Canada. There is no land on earth outside of the control of nation-states, except Antarctica, which is shared by major nations but has territorial claims by 7 nations.
http://en.wikipedia.org/wiki/Territorial_claims_in_Antarctic...
Re: My Friends and I Bought an Island
#17Re: My Friends and I Bought an Island
#18Re: My Friends and I Bought an Island
#19I am curious about how and whether building or environment impact codes come into play with this kind of remote private island in Canada. Things like septic systems, building a dock or anything near the shoreline, and even putting in a mooring buoy can be significant challenges to get approved in many US jurisdictions.
Re: My Friends and I Bought an Island
#20Earlier quoted context omitted.
The island is in Canada. I think the Canadian revenue agency can afford a boat to inspect the island.
My question is not whether they can afford it or not, but whether they indeed would do it or not. If not, then you can consider this island a separate country, which is pretty cool. If, on the other hand, it's still Canada's jurisdiction, then it doesn't make any sense owning such an island.
We have and plan on complying with all laws. Taxes are very low, almost negligible when distributed amongst the 10 owners.
The point isn't to escape jurisdiction, just to have a cool private summer came / work retreat place.