Forum Moderators: martinibuster
As I am not a US citizen and I am required to pay taxes in the country I spend most of the time. (The USA is the only country that makes people pay taxes due to where they born and not where they work or live.)
I like all offshore islands and been to all of them on holiday. The good thing about the Bahamas is its closeness to Miami.
I also like the Virgin Islands. The isle of man would also be an option but it is rather cold there.
I dont mind moving to another country as I am independent of family etc...
I am not trying to do tax evasion as I am really going to live in another country....somewhere sunny with no or almost no taxes.
Oh, just something about a previous thread to US citizens: If you found a new company, and sell your website to this company, the company needs to pay taxes were the company is located and where the work is done.
Of course you need to pay taxes on dividends and commissions your receive from the company to your bank account in the USA . If the company has a credit card and you buy stuff in the name of and for the company, this also has nothing to do with your personal taxation. You need to differentiate between a company and who owns it.
What you could also do: Create a company that is responsible maintaining the website.
Then just do the hosting/programming for the website and write invoices to the company. You can then invoice every single minute you work for the website.
We live on an offshore Island of a South American country and the only problem is that Google insists on sending our AdSense cheques to us by secure mail. We still haven't received our May cheque (sent June 27).
This is all kinda stupid as we have a US bank account and they could just as easily deposit it there however they won't because of the tax implications.
PayPal doesn't have the same problems. They allow me to transfer money to this account with no problems.
I can understand that they would have to confirm that I actually live here however once that was accomplished or I signed a non-resident tax form I can't see the problem.
Once my check does arrive here I must then courier it back to the US because we have "exchange controls" and no one will cash it.
This is all stuff to keep in mind when deciding where to live. Make sure you can have a bank account in US$ to deposit your cheques to.
