Recent content by scooterguy

I agree with this. But that's the thing, you can get really good at international taxation, but of course that for complex local structures you will need someone who knows the local stuff. International taxation is somehow akin to general medicine. You can get really good at knowing what's...

You don't agree with the approach of reading through the years? So how do you learn about the "principles of international taxation to understand how things work"? Or are you implying that it's impossible and so a person needs the services of a reputable Cyprus lawyer for their international...

Rules change all the time. Best you can do is just read a lot about taxation and over the years it will become second nature. Read the pwc summaries (Worldwide Tax Summaries Online), read tax treaties, etc.

What are the advantages of Turkish citizenship? It's not exactly a politically stable country, and it is in an area with a relatively high probability of military conflict. Wouldn't it be better to have citizenship of a more irrelevant and 0% tax country like Vanuatu or some Caribbean island?

That's for CIT. There is no PIT at all.

Also still no personal income tax. So no need to worry about salaries, dividends, investment income, etc.

Switzerland is obviously a better environment in most areas, and if it comes with more money and better career prospects, then the choice becomes almost a no-brainer.

Learning to fight is good but you should always try to avoid a street fight at all costs, especially against a mugger who could be armed or have a bunch of friends around. You will look really stupid getting ready for a fight while the other person pulls a gun. Looking buffed is good enough...

Because tax freedom in Thailand doesn't require spending half a million dollars. You can get the same result with cheap $1k/year visas, or, if you want to get fancy, a Thai Elite visa at $40k for 10 years. There is also a $300k investor visa that has no time limit and can be renewed annually...

This makes little sense for investment income abroad. Tax is only paid when money is remitted, and as an investor you can choose where the money comes from. It can come from small capital gains, from losses, from dividends from countries with which Thailand has a tax treaty, or you can remit a...

I agree that you will get a much better property in Thailand for those amounts, but you can spend even less than that; this visa forces you to spend a minimum of 500k in a low cost country and it doesn't really give you too many benefits, especially if you live off foreign investments. Other LTR...

Investment requirements are similar to getting residence in Monaco or San Marino, I guess that's part of the joke that is this LTR visa? :D

Minuscule and even non-existent if money remitted comes from capital gains abroad. For example, if you bought a security for 900k baht in 2023, now you sell it for 1M baht, capital gains is 100k and so that 1M from abroad can enter Thailand tax-free. When remitting only 300k a year, it means...

wellington provides good advice, but based on the very large numbers of someone with business and family in Thailand, and an expensive lifestyle. It's hard to spend more than 30k baht a month in Thailand if you're: 1) Not in Bangkok 2) Not married 3) Have a normal non-gold digging girlfriend...

Do you mean something like a holding company in Estonia and a subsidiary in Romania?