News for hackers. Stuff that matters.
Re:Wealthy people are renouncing American citizenship by dzhiurgis on Thursday August 05, 2021 @05:18PM (#28080000)
Can you live without residence? Say I'm sailing around the world. My home country could be thousands of miles away, pretty much unreachable in a practical way. Should that still count as my residence?
Re:Wealthy people are renouncing American citizenship by sangnoir on Thursday August 05, 2021 @10:14PM (#28082548)
> Can you live without residence?

ding You've just discovered another hidden trick that the ultra-wealthy use to minimize their tax-burdens: in each year, they travel and ensure they do not reside long enough in each country to be considered resident fir tax purposes.

Re:Wealthy people are renouncing American citizenship by dzhiurgis on Thursday August 05, 2021 @11:05PM (#28082850)
It's not really a trick if you don't use the services, especially healthcare or education system. I'd be all in for nomad tax at something sane like 10% or some trade pact that you can get healthcare and edu for free anywhere in the world (already the case within EU).
Re:Wealthy people are renouncing American citizenship by ipaddr on Thursday August 05, 2021 @05:51PM (#28080430)
In some countries Canada for example if you don't take a new residence they will treat your last residence as your residence.

India is the opposite. You can work on a boat get paid in India and owe no taxes.