Side question: Where do you pay taxes if you live in a different country than the company you work for is located?
e.g: Working for a SF based company from Thailand.
Same question if you are a digital nomad (let's say switching countries monthly) ?
Same question if you are a digital nomad (let's say switching countries monthly) ?
For digital nomads, it adds even more complexity since it's a bit of a grey area.
There are no taxes on foreign generated income here (Colombia).
However I cannot bring over $10k a year through the financial system without being hit with a 3% financial transaction tax.
Fortunately it is easy to legally elude that tax, paying for everything with a foreign-issued card does the trick. And every once in a while a quick shopping weekend abroad with the girlfriend is a good way to bring a new laptop and $9999 x 2 in cash.
No duh you say, but people have posted in HN threads like this one about how they just have their income payed into a US bank account, so they aren't earning any money in the other country.