Comments by "Hari Sadu" (@harisadu8998) on "Surprise! People Move When Taxes Go Up" video.

@ManPursueExcellence The first thing to do is check whether your ancestry can get you a passport. If not, then buy a Caribbean passport and move to somewhere like Panama. Consider Puerto Rico for certain types of income too. You don't need to renounce for that.
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The first thing to do is check whether your ancestry can get you a passport. If not, then buy a Caribbean passport and move to somwhere like Panama. Consider Puerto Rico for certain types of income too. You don't need to renounce for that.
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On paper, yes. Practically speaking, it's not such a popular place.
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@ManPursueExcellence I have no idea what your ancestry is BUT think about your ancestors and their countries of origin. So parents, grandparents (4 of them), great-grandparents (8 of them). Not always but in many cases potentially you may find yourself a citizenship of another country. If you're trying to leave America because you don't like it, there's many places to go but if you're trying to reduce your tax rates, then you have to be careful about the strategies you are going to use to do it. And also consider what type of income you plan to make overseas, whether its through work or some kind of physical or online business.
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If you want to move from India and your Indian taxable income is above 15 lakhs, then you must live outside of India for at least 245 days a year. Furthermore, you need to show evidence of tax residence of another country, meaning that you must satisfy the residency rules of that country to be a tax resident and obtain a tax resident certificate which may be demanded if your file has an enquiry by an assessing officer.
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@ManPursueExcellence Expenses are a factor of living costs in various countries. If you generally want to be in the same time zone, then you must live in the Americas. Mexico is good but a little higher tax if full time. Panama is usually more optimal from a tax perspective. Costa Rica too.
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