Countries with lower taxes and a better quality of living?

I’m currently stuck in Denmark, and it feels like I’m in a never ending financial tug of war with the government, saying goodbye to 50% of my hard earned cash each month. Add a 25% VAT on everything and throw in some hefty taxes on utilities, electricity etc, and you’ve got a situation that has me questioning if this is the life I signed up for.

Living in a place where the cold weather feels like an extra tax on happiness, I’m craving a change.

I’m all about individualism, self-sufficiency, and independence. So here’s the big question: Where in the world are you guys finding that sweet spot between low taxes and a great quality of life?

As I contemplate my escape plan, Cyprus, Portugal, and Dubai are on my radar. I dream of living in a country where taxes don’t feel like daylight robbery. But, and it’s a big ‘but,’ my online income isn’t quite flexing its muscles enough for a move to the streets of Dubai just yet.

So, where are you residing? What’s the tax scene like in your corner of the world? Are you doing a happy dance every payday, or are you, like me, wistfully staring at your bank statement, wondering where all your money went?

And let’s not forget the living conditions. On a scale of 1 to 10, how would you rate your overall quality of life?

I’m not just asking for my benefit, this is a collective quest for a better lifestyle.

Your input is greatly appreciated!

(Just to be crystal clear, I’m not fishing for a lecture on why I should be grateful for my current Danish situation or any unrelated personal opinions. If your input doesn’t contribute constructively, save it for another time.)

  • RoamanXO@alien.topB
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    1 year ago

    OP has said nothing about giving up his citizenship. And no country on this planet will grant him another one for being a ‘digital nomad’.

      • RoamanXO@alien.topB
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        1 year ago

        Almost every country works the same in this regard. In most cases, you become a country’s tax resident by staying there for more than 180 days within a year. Then you pay their local income tax (if applicable).

        • makeinomyourgreentea@alien.topB
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          1 year ago

          For PH, if we got Digital Nomad Visa in Spain for example , we won’t have to pay taxes in the Philippines anymore since we’re not operating in the Philippines.

          But we do have to pay taxes in Spain which I don’t really mind.