Living on a boat and avoiding taxes

Discussion in 'Taxes and Accounting' started by Fishbird, Aug 8, 2005.

  1. romik

    romik

    for sure

    One country is still good i believe and that is Israel, don't quote me on this one though. As far as I know there is loads of American Jewish money in Israel, the US is trying pretty hard to get Israel to concur to the US laws, but so far no result and I guess there might never be.
     
    #231     Mar 21, 2006
  2. No offense to any Jews or Israelis, but who wants to live with the fear of suicide bombers everyday? No me :(
     
    #232     Mar 21, 2006
  3. romik

    romik

    You can only understand this if you are indeed Jewish my man :) i believe it's called patriotism as well.
     
    #233     Mar 21, 2006
  4. Ah - wouldn't we all love to do that. :)
     
    #234     Mar 23, 2006
  5. erikdean

    erikdean


    I think the other poster meant which EXPAT would want to live there with the fear of suicide bombers. It wouldn't be at the top of my list as well...

    Erik
     
    #235     Mar 23, 2006
  6. romik

    romik

    this is a question for traders from the UK (and perhaps other European countries). What are UK income tax liabilities of a day trader making a living from trading US futures, if he is always on the road. 1 month in Italy, 3 weeks, in Spain, 2 months in the US, etc and spending around 3 months a year in the UK (not consecutive).
     
    #236     Mar 25, 2006
  7. Kon Tiki. All you have to do is figure out how to rig a windmill to generate power.:)
     
    #237     Mar 25, 2006
  8. If you are upset by paying US taxes increase your trading position size and/or cut back on your expenses to simplify your lifestyle. Be grateful you are living in the USA where there are still free markets for free men. Taxes are a cost of doing business - fill 'em, bill 'em and forget 'em. Think about how much more money you are going to make in 2006 than how much tax you are going to have to pay. Try to think about how much fun you are going to have spending your money instead of worrying about how the government is going to waste your tax payments on boondoggles. Think big and think positive and you will trade with more authority and fret less over the Infernal Revenue Service.
     
    #238     Mar 29, 2006
  9. scenic58

    scenic58

    " try Hong Kong.

    almost anybody and everybody can get a residency permit here.
    no cap gain
    no sales tax
    no income tax for income not earned locally
    narrowly defined income for tax purposes

    other locale for consideration:
    Thailand
    Sri Lanka
    Bali, Indonesia



    Sri Lanka? With civil war?
    Bali? With bombs and terror?

    I prefer Europe/Italy."

    Thailand is a great place but has a very high tax regime, and strict laws on residency and property ownership.

    Hong Kong has zero capital gains tax, and income tax tops out around 12/13%.

    Renting is pretty expensive though, around $ 3,200 for a decent 2/3 bed flat.
     
    #239     Apr 14, 2006
  10. Neoxx

    Neoxx

    As long as you're spending less than 90 days or so a year in the UK, you're classed as non-resident and not liable to tax on worldwide income.
     
    #240     Apr 14, 2006