Hello, is there someone who thought about the question of how to avoid taxes in your country? Or to pay lower taxes in other countries?
There is a legal path which allows for this.
It is defined by renouncing citizenship with whatever nation demands exorbitantly high taxes.
There has been a significant uptrend in this practice as of the economic crisis of 2008. Many are abandoning citizenship of their nation of birth and taking up residence in low taxation nations with a lower overall cost of living. One segment of the demographic is known as "digital nomads". They could define part of the reason why countries like the philippine opt for 0% cryptocurrency taxes, in the hope of luring citizenship rescinders and their capital holdings into dwelling inside their borders. The same could be said of vanuatu et al.