Form 8833: How to Claim Income Tax Treaty Benefits

Form 8833: How to Claim Income Tax Treaty Benefits

FSay you’re a six- or seven-figure US-based entrepreneur who’s recently brought their business abroad. You find yourself traveling weeks at a time to tend to those businesses, and in the past couple of years, you’ve traveled so many days that you’ve ended...
15 Countries with No Income Taxes

15 Countries with No Income Taxes

Dateline: Manama, Bahrain At Nomad Capitalist, our motto is simple: go where you’re treated best. But where do you find that place? Part of going where you’re treated best is up to personal preference. You may enjoy living in big cities like I do, or you may never...
The 4 Income Tax Systems Around the World

The 4 Income Tax Systems Around the World

Dateline: Kuala Lumpur, Malaysia Why are Nomad Capitalists more likely to renounce US citizenship than UK citizenship? Both passports come with similar benefits and “baggage”, if you will. Neither has the absolute best global reputation, but they’re...
Four ways to legally avoid paying US income tax

Four ways to legally avoid paying US income tax

Dateline: Kotor, Montenegro Today we’re just going to jump right in. You’ve come for my best advice, and that’s what you’re going to get. So here it is, the four ways you can legally avoid paying US income tax: 1. Move outside of the United States One of the fastest...
Changes to Canadian overseas income tax exemptions

Changes to Canadian overseas income tax exemptions

Dateline: Budva, Montenegro Canada is one of the most popular countries for immigration. In light of a possible Trump presidency, more and more people are threatening to leave the US for Canada. Still, there are also over 1.5 million Canadians living and working...
21 countries that have lowered income tax rates

21 countries that have lowered income tax rates

Dateline: Tbilisi, Georgia There is an argument in the United States that the Left just can’t resist making when it comes to justifying tax hikes: “We’re the only industrialized nation with taxes this low.” In fact, any time they can argue that we’re the only...
The five best island countries with no income tax

The five best island countries with no income tax

Last updated June 10, 2021 Looking for total tax freedom and a taste of island life to go with it? These island nations not only provide gorgeous scenery; they’re perfectly happy to let you earn all the money you want without dipping their hand into the pot. The tax...
Imagine paying 100% tax rates on your income

Imagine paying 100% tax rates on your income

Dateline: Kuala Lumpur, Malaysia Imagine if you worked an entire day, an entire week, or even an entire year… and had every dime of your salary taken away, or every penny of your business income confiscated. Imagine 100% tax rates on your income. As capitalists,...
13 Countries That Don’t Tax Bitcoin Capital Gains

13 Countries That Don’t Tax Bitcoin Capital Gains

Dateline: Mérida, Mexico What if I told you that there was an easy way for you to digitally pay for products and services all over the world without incurring high fees, having to exchange currencies, or needing to involve a bank? Sounds pretty good, right? Well, the...
IRS Tax Relief for Expats Impacted by COVID-19

IRS Tax Relief for Expats Impacted by COVID-19

Dateline: Merida, Mexico The coronavirus pandemic has limited travel in many areas of the world and by doing so has changed the plans of many expats. If your global tax plan was impacted by COVID-19 in 2020, you may still qualify for tax benefits such as the 2020...