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How to not pay your taxes legally, apparently

(mrsteinberg.com)
113 points jimhi | 1 comments | 05 Jul 25 18:21 UTC | HN request time: 0.258s | source
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bgnn ◴[05 Jul 25 20:07 UTC] No.44475156[source]▶
For start-up founders: There are countries, like the Netherlands, where there is no capital gains tax. Move to such a country.
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lancewiggs ◴[05 Jul 25 20:53 UTC] No.44475465[source]▶
If you are a US citizen then US tax will apply to you wherever you are. People form other countries switch off their home tax if they do not meet residency requirements.

There is no capital gains or wealth tax at all in New Zealand, but only for domestic investments. For offshore investments there is a deemed return that you treat as income, so if your wealth is tied up in illiquid stock then it can be dire.

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1. diggan ◴[06 Jul 25 10:48 UTC] No.44479547[source]▶
> If you are a US citizen then US tax will apply to you wherever you are.

I just learned about this fact this year or so and it's absolutely bananas how people are just accepting this as a normal thing. In what world does it make sense to pay taxes to a country based on citizenship rather than actual location/residency?