If you have an online business, you might be wondering how E-Commerce business owners can legally reduce their taxes. In this video, Andrew answers a question from a viewer and shares some of the common misconceptions on moving business offshore.
00:53 Taxation in the United States
01:09 How do taxes work as a digital nomad?
02:07 Tax residence
- Australian resident for tax purposes
- Tax Residence in Canada
02:52 U.S. Tax Residency
05:14 Life in Canada
05:58 Is Eastern Europe good for business?
07:09 Sell products online
08:22 Tax for US citizens
09:39 How can you avoid paying US taxes abroad?
- Foreign earned income exclusion
- Move to Puerto Rico
- capital gains tax
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: https://nomadcapitalist.com/apply/
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
About Andrew: https://nomadcapitalist.com/about/
Our Website: http://www.nomadcapitalist.com
Buy Andrew's Book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.