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POLITICSBiden Administration to release 2023 budget today including a new 20% billionaire tax(finbold.com)
submitted 3 years, 9 months ago by Yoshie5Bronze | QC: CC 20 to /r/CryptoCurrency (10m)
2419 commentsredditother-discussions (3+)subreddit-indexmessage modsop-focus domain-index
since 3 years, 9 months ago
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[–][deleted]11 points3 years, 9 months ago
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parenthide replies (1)as-of
[–]SexyPewPew15 points3 years, 9 months ago

They "Reside in Dubai" for tax purposes but they can Live anywhere in the world at any time they wish.

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–]krunchytacos🟦 :moons: 98 / 98 🦐10 points3 years, 9 months ago

If they are citizens then they will still have to pay taxes. Unless they are planning on staying in Dubai and going the tax avoidance route.

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–]Dranzell3 points3 years, 9 months ago

They can set up companies with fiscal residencies in those paradises. They don't earn money on person.

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–]Mmmcakey :moons: 1K / 1K 🐢1 point3 years, 9 months ago

Wish I could do that with my wage.

permalinkparentcontexthide replies (1)author-focusas-ofpreserve
[–]Dranzell1 point3 years, 9 months ago

You technically can, depending on what you are working. You can set up a company and work as a contractor, but you kind of lose a lot of worker rights.

permalinkparentcontextauthor-focusas-ofpreserve
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