The Dark Truth About Having "No Tax Residency"

In this episode Ricardo Gorski discusses the popular idea of having "no tax residency", also known as being a tax nomad, fiscal nomad, or perpetual traveller. In Germany, the concept is often referred to as "Staatenlos" which basically means being a "stateless earner".This concept is based on the belief that by not spending more than 183 days in any one country, you can avoid being classified as a tax resident anywhere. While it sounds appealing, especially to digital nomads and online entrepreneurs, Ricardo explains why this approach is a dangerous oversimplification.He breaks down 3 major risks of not having a legal tax residency which can lead to the possibility of penalties, investigations, and unexpected back taxes.If you're considering this lifestyle or currently living it, this episode is an essential warning.