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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: mungofitch ✹✺🐝 SILVER
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Number: of 86269 
Subject: Re: OT: Tax-free living: Monaco or Beaches?
Date: 02/03/25 11:38 AM
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Depending on how rich you are, the Italian scheme is nice.
200k/year flat tax on all income earned outside Italy. For some people, that would be a bargain. (100k/year for folks who took up the offer by last August).
Sure it costs ten times what the Thai visa costs, but on the other hand, Italian food.

Some of my friends moved to Grand Cayman. Allegedly you need to have a home there, but to be tax free you need only spend one night a year there. I haven't checked that, they may have made it up. Surprisingly great food, extremely nice people, but an expensive and not-very-pretty island. One 7-mile fantastic beach, but too many hotels on it.

Jim
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This community has written 356 posts about Living Abroad. The article-length ones it recommended most:
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