Pretty sure some countries are doing this already.
There's quite a few now, something like 33 countries with these visas. The terms tend to vary. I took advantage of the first one, the Barbados digital nomad visa which they created to work around the loss of tourism due to COVID. Since most taxes in Barbados are sales taxes and they have a peg to the US dollar it has worked well for them in terms of foreign currency reserves and supporting the tourist industry during the pandemic.
Other countries like Costa Rica require visa holders to pay local income tax which is fair enough while others don't or have a reduced rate.
I'm unsure of the overall morality of it but it can be done legally through the correct pathways as I have been doing.
I don't like that people will just do it on tourist visas instead though which I'd guess is the bulk of the objection to it.
In my head we all pay the dues somewhere in some form to begin with - property taxes, sales taxes, income taxes etc.
It’s one thing if you’re avoiding paying those.
but how is it different that Twitter gets a tax write off to move to the Tenderloin. and if Joe/Jill chooses to move to the suburbs or temporarily move to Mexico while still paying state and federal income tax. sure there maybe some property tax loss but isn’t housing crisis already an issue? don’t company incorporate in Ireland to pay less tax?
Companies moving to Ireland IMO are definitely exploiting tax loop holes and committing fraud. You and I and all of the countries devoid of tax revenue are hurt by companies benefiting from tax-avoidance loop holes.
It's only going to get worse as the differentials increase.