I would. Not Beijing though. Some good places to live in China if you can deal with the language barrier, less likely to be pickpocketed/robbed/shot or importuned by labour union demonstrations and the latest human right activists fad than in similarly posh areas of the european cities I know. Probably more likely to be driven over by a car if you insist on riding a bike though, which most westerners do. But better have earnings in consequences, especially if you want to consume western goods and education, like drive the Tesla you mentioned (although tesla claims not to increase its margin for cars in China, in contrary to other imported car brands). Life in tier 1 chinese cities is quite expensive then, most very pleasant european and american cities will come out cheaper even after incorporating taxes on a moderately high income. It's not a simple matter to get a residence permit in China though, and definetely not a very popular place for western tax exiles, which makes it even less atractive for those who consider it - it looks much more fun for overseas chinese who come back.
Hm that is interesting. I found this as well: http://www2.deloitte.com/content/da...uments/Tax/dttl-tax-taiwanhighlights-2016.pdf It seems to suggest I will not be taxed in Taiwan and not have any deductions either. I read about the W8 and W8-BEN forms. Since I am a resident in Taiwan now I think I would have to file W8. Taiwan has no tax treaty with the US as far as I could find. I found I probably need to pay 30% tax to the US government on some types of dividends paid by US companies. I also found what looks like no capital gains tax on profits from buying/selling stock and intermediate changes in value. This looks really good actually. Now to hoping I will have any actual income to worry about.
or Mongolia. 2% capital gains tax. Much less crowded than China. Fresh air. No guns. Fresh milk from your yak. Cheap property too. Paved roads are a bit iffy though. The point is, countries with much less taxes are usually well, less desirable to live in... (China's cap. gains tax is not even that low, but there is always Pakistan!!)
I got your point, which is not always true. Besides China has 0% on offshore income for foreigners, it is a tax haven if you move there with your income outside of China. Actually afaik no tax on dividends received from foreign companies are to be paid even by chinese nationals, and in practice nobody trading in their own name seem to be paying taxes on their A shares (local) cap gains.
One of the biggest problems for traders and other digital nomads in the developing and frontier market countries is reliable source of electricity, most countries have long interruptions every day....
I agree that even 20 years ago bofore internet is widely spread, this thread for living outside was NOT possible. Internet might be very crucial for life change and for free moving,
Sure. I don't know why I have to spell out my point, but I will do it for you: One doesn't pick a country/place to live solely based on how low the capital gain tax is there. There are just so many other factors and most of them way more important than low taxes. There you have it and I am sure you agree with it. Now if the discussion was about how to get a tax residency/citizenship while you don't have to live in that particular country, that is another question completely. And by the way I love warm fresh yak milk...