Hi,
I have a question. It didn't belong to a specific country so didn't know where else to put it.
Here is my question.
With the Covid situation that has swept the world, remote working has become a real dream for many people.
This invites us the question, what happens to my taxes.
Many of us are aware of how taxes can really affect a persons income and see how countries have different tax rates, it seems stupid for one not explore the options and tax rates for different countries.
This whole tax thing seems complicated, but I would hate to miss out on having an amazing happy life just because I didn't do my due diligence.
So I'm trying to find out this.
The UK which is the country I am currently living in has what is calls UK-resident test and overseas(non-UK resident) test. These basically determine if one is to pay taxes to the UK government or not.
From what I see, if I don't enter the country for more than 16 days, I would be considered a non-UK resident which means I don't have to pay tax.
But here is the confusing part. Ever since I was a child, I've dreamt of travelling the world and living in many different countries. The only problem that didn't think this dream was possible because of work.
Okay you might say, you can take time off from work, but having lived and worked in the UK that is something I haven't been able to do to the extent I wanted.
Obviously we have limited holiday allowance and limited financial resources to make the travel possible. If a person is saving on tax it is more possible to travel.
So here is my proposition. What if I traveled the world and stayed in foreign countries moving from one country to another every 3 months?
Most countries allow a person to stay in their country on a travel visa for 90 days.
The confusing thing, and I've seen enough Border Control TV episodes to know, that you are not allowed to work in the country on a tourist visa. Ofcourse, you don't want to be taking the jobs from the local citizens of that country. But here's the catch! If you are working remotely for a company(let says in my case UK based), which never changes even though I move country, than you are not taking jobs from the countries own local citizens! If anything, you are helping boosting the country's economy since you are earning foreign income and spending in their country! So I don't see why that should be a problem.
Now after the 3 months tourist visa expires, one can simply move to the next country of their choice.
And repeat!
So I would be a non-UK resident but I also would not be considered resident in any other country in the world!
I don't understand how any country would have a problem with that. And even if they did, I don't understand on what logical basis could they have a problem with it. No government of the world has the right to tell to people: "you need to have a permanent address for more than 3 months!". Who says it has to be that way, and how is it even fair for governments to even want to enforce that?
The only thing I see is that, it seems governments have a problem seeing people be happy and flourish and hence they would want to prevent that.