A thought that resonated with me today is “GO WHERE YOU’RE TREATED BEST!” by Andrew Henderson the Nomad Capitalist.
Having everything in one location i.e. real estate, business, investement is never a winning strategy and with the global world it is sad not to be using the options that the world is offering. I view these challenges that I’m running into right now as a fun quest for feaguring out a recipe that will work for me.
Here is Andrew’s video I’ve watched today. He summarizes the idea of territorial tax coutries i.e. location that don’t levy taxes on foreign-source income. https://www.youtube.com/watch?v=nnlMY4N5VrE
He only mentions specific countries that have this policy though. But there other locations e.g. individual US states that have it as well. This policy may also apply under specific conditions e.g. if you are not a tax resident of a specific country you might be exepmt from their local income taxes.
Post #529
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