Buying abroad
There are 5 replies in this Thread which has previously been viewed 1,148 times. The latest Post () was by Rice.
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Tennis player Diego Schwartzmann won 165,000 USD in a tennis tournament. If he is fiscally resident in Argentina, an economist has calculated he'll be left with just 64 k USD according to the recent measures implemented by the current government (this won't happen because he can only buy back 200 USD per month).
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Is he fiscally resident in Bananaland or North of the border?
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Is he fiscally resident in Bananaland or North of the border?
If I were him, I'd be residing in Miami or moving there as soon as possible.
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The organizers of the tournament were intrigued that he asked to be paid in cash.....
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If Schwartzmann became a legal resident of Florida, while he might be at the maximum rate for US federal taxes (about 33-35%), he would pay zero state income tax, since Florida is one of a small handful of states that doesn’t charge state taxes. Tempting.
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Splinter
Moved the thread from forum Buying and selling online to forum The Argentine Economy.