Earlier quoted context omitted.
Can I just clarify - you work remotely for NY finance industry, at presumably near NY rates, paying 4% coproation tax and no tax on dividends from that income? With tropical weather. What's the schooling like?
If you're a US citizen it's not so easy. You are taxed on your worldwide income no matter what. There is a deduction for living abroad on the first $100,800 (2015) of income or you can also take a credit for income taxes paid to another country. You also need to pay into SS and Medicare either in the US or in another country which we have a treaty with. Don't get me wrong, getting the first $101k @ 4% tax sounds pret…
Also, the income has to be sourced in the foreign country, if it is sourced in say New York you can't magically tansfer those taxes to another country without incorporating there.
You do not have to pay payroll taxes. When living abroad, some treaties allow you to pay them instead of local ones, but without a treaty you just don't pay. Of course, good luck ever collecting on your chinese social retirement account.