Google Adense: Pay little to no taxes

[max8max]

I earn about 4000? each month on Youtube (Adsense) and I would like to pay less taxes as possible (mostly legally): to do so I'm prepared to move to any country in the world that allows me to save money (taxes, pension and everything else I must pay otherwise). Now I'm living in Europe with an overall levy (considering everything) of about 70%. Obviously there are countries where you don't have to pay any tax, but for example Dubai doesn't allow you to enter without a job and the cost of life is high. I searched a lot on google, but it's not easy to find a solution because there is a lot of confusion (I could not even understand how much you have to pay in total for example in Ireland or UK): can you help me?

 

[bananaman5000]

i know that if your a US citizen, you pay taxes to the US even if you live elsewhere. not sure if its true for europeans. i would guess you would need to emigrate somewhere permanently. maybe you could create a company in ireland or the caymans and do it that way

 

[max8max]

I'm not a US citizen and the rule in Europe is that you will pay taxes in the country where you stay more than 6 months in a year. I also think it's not necessary to create a company, be a freelancer I think could be enough in every country (I'm alone and no need for nothing else than a PC and an Internet connection).

 

[burnett4congress]

i know that if your a US citizen, you pay taxes to the US even if you live elsewhere. not sure if its true for europeans. i would guess you would need to emigrate somewhere permanently. maybe you could create a company in ireland or the caymans and do it that way

Yes, if you are a US taxpayer, you are required to pay taxes on your worldwide income (subject to certain exclusions and foreign tax credits).

But this is not true of most other countries in the world.

That's why structures like the double Irish and Dutch sandwich were created. If you can create income in one jurisdiction, have that income owned by an entity in another jurisdiction, and be personally in yet another jurisdiction, you can legally not pay any taxes in any of those places that work with these systems.

However, there are obviously costs involved in creating and maintaining all this. I doubt 4000 euros a month would make it worthwhile. But hey, it depends on your individual situation.

 

[max8max]

Please, do not send me private message, first becouse I cannot reply due to a forum rule (I need more than 15 messages to do so) and second because I think every reply can be helpful for everyone else in the same condition.

 

[max8max]

burnett4congress you are right: 4000€/month cannot justify such a complex system. To tell the true, I think that for less than 50000€/yr even the creation of a company, offshore, society is not justified.
I'm searching for a country where I can be for example a freelancer and I'm asked to pay something about a 10% of my incomings (taxes, pension and everything else), possibly with little bureaucracy (considering I will be a foreigner )

 

[burnett4congress]

I think Estonia has a flat 10% tax. [edit: not Estonia]

Check out https://en.wikipedia.org/?title=Flat_tax#Around_the_world

You could do worse than hanging out in Andorra

 

[gokusino]

Move to Mexico. With 4,000 ? a month you can live real good and there is a huge European community here

 

[endlasuresh]

Try to move the cash on someone relative name in another country, so that you won't need to pay taxes.

 

[Adrian112]

I make 2000€ with Adsense and don't pay any tax

 

[onlineonly]

Set up a LLC in Hongkong, they have no taxes for money earned abroad. Then move to Philippines where you dont have to pay tax for money earned abroad either.

Thats my plan anyway

 

[max8max]

Adrian112 and endlasuresh: I appreciate your suggestions, but I would like to do things legally, by moving myself to another country.

gokusino: how much you have to pay for taxes and pension in Mexico for about 50000€/60000$?

 

[xdarknightz]

Lots of marketers from here live in my country, send you a PM

 

[max8max]

onlineonly: thank you. Do you know how much taxes/pension I have to pay in the philippines being a simple freelander? (without setting up a LLC in HK: I think 60000$ are not enough to justify such a system.

 

[theRevolt]

Also keep in mind that your income stream (if it's the only one) may not last forever. So pick a country you would like to live in even when worse off (such as healthcare cost etc.) Even europe has a large span of different taxes so you may not have to move that far and still be in a good position vs. moving to a place just to save taxes and find out shortly later that you can't deal with power outages etc.

 

[max8max]

xdarknightz: to have an idea, do you know how much taxes/pension I have to pay in Costa Rica?

I searched also for Bulgaria (cited in another thread), seems to be 10% plus 65€/month but not sure becouse I was not able to contact anyone living in that country.

 

[onlineonly]

onlineonly: thank you. Do you know how much taxes/pension I have to pay in the philippines being a simple freelander? (without setting up a LLC in HK: I think 60000$ are not enough to justify such a system.

As I understand it, you dont have to pay any taxes at all (and for pension I dont Think they have in Philippines). You can stay in Philippines on a turist visa for 18months then you have to leave for a day or to and you can stay for another 18 months so you dont need to be a resident.

 

[Reyone]

Do it when you are getting real money... even if you pay 50% on taxes is still better than paying lawyers/consultants/etc to avoid and/or evade taxes. Ethics aside, you'll most likely lose a lot of money.

 

[max8max]

nou009: you are right, but my intention would be to stay (next year) 6 or 7 months in "this" country and then moving to another european country that have a taxation of about 40%, where I would really like to live and work (regardless of Youtube)

 

[max8max]

Reyone: 70% of taxes are not ethic at all, even 50% or 40% are not ethic in my opinion. Moreover, I'm not try to evade taxes, I'm searching for a legal method to pay less taxes.