Geoffrey Cone Makes Smart Tax Choices

Geoffrey Cone is a global attorney who is paid to help people make the right decision on where they should move to when they are considering making a move to a different country. Because of this, he knows that it is important to know as much about tax law and the different taxes in countries that people may possibly want to move to.

 

As someone who knows how to make smart decisions for other people, Geoffrey Cone is also able to make smart decisions for himself. After realizing that he was being hit with very heavy taxes, he took a leap of faith and moved to a tax free country. He knows that Uruguay is not the perfect country to live in but he is able to live the way that he wants since he does not have to pay a lot of money out in taxes just because he makes a lot of money from his law firm.

 

Surprisingly, Geoffrey Cone moved from New Zealand. This comes as a surprise because many people think that New Zealand is a tax-free country. This is not the case, though. New Zealand is not, has never been and will never be a tax-free country. That is because they have taxes that are nearly identical to what the taxes are in other countries. They work hard to make sure that they are offering the best for their residents but they are not able to offer tax-free living to anyone in the country.

 

What most people have confused tax free with is tax transparent. The country of New Zealand is transparent about their taxes which means that they are able to make sure that everyone knows what the taxes are all about. They regularly publish information about the taxes and what is going on with them. This is done so that people will have the chance to make sure that they are doing things the right way. They want people to know how much they can expect to pay in taxes before they make the decision to move to the country or to even switch jobs within the country.

 

People who have moved to New Zealand for tax reasons may have been better off moving to one of the tax havens in the world. This is something that most people are able to do because of the different things that are going on there. There are tax havens that do not require people to pay taxes. This is great for people who make a lot of money. They are then able to keep most of their money instead of putting it out into taxes. The countries that are tax havens are included and published on a list regularly.