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Barbados introduces plan to allow visitors to work remotely there for a year

money.yahoo.com

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Re: Barbados introduces plan to allow visitors to work remotely there for a year

#91

Post by sokoloff »

dominotw wrote: post #86
throwaway894345 wrote: post #84

Earlier quoted context omitted.

Having a US salary doesn’t imply claiming that I live in the US. It just means my employer continues to pay me my salary which is negotiated based on the US job market. I wouldn’t lie to anyone (my employer, the US government, nor the host government) about where I live.

> I wouldn’t lie to anyone (my employer, the US government, nor the host government) about where I live. How though? You have to claim a local US address for your payroll though. right? What will that address be?

Why would you need to claim a local US address? Previous poster seems to be willing to tell their company "I'm working from XYZ country; send my direct deposits to bank PDQ."

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#92

Post by jsjohnst »

dominotw wrote: post #89
jsjohnst wrote: post #87

Earlier quoted context omitted.

> ok i work 100% remote, can I claim my sisters address in Texas in texas for my payroll and actaully live in new york? That’s an entirely different issue. Yes, New York state will likely take issue with the scenario you describe, but not at the federal level (what this thread is about). Further nobody, but you, was indicating lying about their address.

> That’s an entirely different issue. how is it different? OP is claiming an address in USA for payroll as his residence but it isn't actually his residence. How is this not fraud.

Reread their post again, there is no mention of lying about their address to their employer. Based on your other comments, it seems you assume that all employers wouldn’t maintain a salary if someone moves, which isn’t true (yes, it’s common for employers to adjust salaries for that reason, but it’s not an automatic given).

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#93

Post by throwaway894345 »

dominotw wrote: post #89
jsjohnst wrote: post #87

Earlier quoted context omitted.

> ok i work 100% remote, can I claim my sisters address in Texas in texas for my payroll and actaully live in new york? That’s an entirely different issue. Yes, New York state will likely take issue with the scenario you describe, but not at the federal level (what this thread is about). Further nobody, but you, was indicating lying about their address.

> That’s an entirely different issue. how is it different? OP is claiming an address in USA for payroll as his residence but it isn't actually his residence. How is this not fraud.

OP is not claiming an address in USA.

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#94

Post by sokoloff »

dominotw wrote: post #89
jsjohnst wrote: post #87

Earlier quoted context omitted.

> ok i work 100% remote, can I claim my sisters address in Texas in texas for my payroll and actaully live in new york? That’s an entirely different issue. Yes, New York state will likely take issue with the scenario you describe, but not at the federal level (what this thread is about). Further nobody, but you, was indicating lying about their address.

> That’s an entirely different issue. how is it different? OP is claiming an address in USA for payroll as his residence but it isn't actually his residence. How is this not fraud.

citation needed (that OP is claiming a US address as residence).

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#95

Post by dominotw »

sokoloff wrote: post #91
dominotw wrote: post #86

Earlier quoted context omitted.

> I wouldn’t lie to anyone (my employer, the US government, nor the host government) about where I live. How though? You have to claim a local US address for your payroll though. right? What will that address be?

Why would you need to claim a local US address? Previous poster seems to be willing to tell their company "I'm working from XYZ country; send my direct deposits to bank PDQ."

> US salary

ok i read that as 'salary paid to a US resident' , then not sure what 'US salary' means. It would be 'Barbados salary' if they are getting paid in barbados.

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#96

Post by oh_sigh »

dmurray wrote: post #65
GordonS wrote: post #37

This is really interesting - I wonder if, in our post-COVID world, we'll see other countries doing the same. I'm trying to see any disadvantages for countries that do this, but the only thing I came up with is the possibility of distorting local rental prices. But presumably if enough countries offered such a visa, applicants would be spread over those countries, causing less distortion.

The disadvantage is that you may become a burden on the host country - you cost more in public services than you bring in revenue. This could happen if the host country supplies plentiful public services funded mainly by income taxes rather than consumption taxes. Or simply if you lost your job and turned to begging or crime, and the host country finds it expensive or politically difficult to deport you. These are pr…

I'm sure there is a means test + some proof of your job to get the stamp, which probably dramatically limits the the odds that someone is going to become destitute and turn to a life of crime in some foreign land.

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#97

Post by dominotw »

sokoloff wrote: post #94
dominotw wrote: post #89

Earlier quoted context omitted.

> That’s an entirely different issue. how is it different? OP is claiming an address in USA for payroll as his residence but it isn't actually his residence. How is this not fraud.

citation needed (that OP is claiming a US address as residence).

> cushy US salary

What exactly does this mean. then?

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#98

Post by sokoloff »

dominotw wrote: post #97
sokoloff wrote: post #94

Earlier quoted context omitted.

citation needed (that OP is claiming a US address as residence).

> cushy US salary What exactly does this mean. then?

The salary typically paid to a US-based employee. It's a number, not a latitude-longitude coordinate.

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#99

Post by jsjohnst »

dominotw wrote: post #97
sokoloff wrote: post #94

Earlier quoted context omitted.

citation needed (that OP is claiming a US address as residence).

> cushy US salary What exactly does this mean. then?

Means a well paid job from a US company. There’s no implication of fraud there.

Re: Barbados introduces plan to allow visitors to work remotely there for a year

#100

Post by frank2 »

DoofusOfDeath wrote: post #79

AFAIK, U.S. imposes income tax on all of its citizens, even those who reside in other countries. IIRC it applies to all earnings above $110k(?). There's also the notoriously difficult hassle of complying with FATCA's [0] reporting requirements. I would imagine that sours the value proposition quite a bit, at least for U.S. citizens. [0] https://www.irs.gov/businesses/corporations/foreign-account-...

>There's also the notoriously difficult hassle of complying

I would've thought that the hassle came when the American switched to a non-American employer or ran a business outside the US. I would've thought that if the American is getting all his or her income from an American employer the hassle could be mostly avoided (even if he or she is residing outside the US) especially if the American is merely continuing to work a job he or she had while living in the US.

But maybe I am wrong.

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