Geoffrey Cone is a global attorney and expert when it comes to all things expat. He knows that it is important to live in an area that is both comfortable and sustainable. He works with people who want to move to different countries decide which one is the right choice for them. He works to make sure that he knows everything that there is to know about moving countries and the right (and wrong) reasons for doing so. He also makes sure that he has life experience that can help his clients have a better understanding of what it is like to move to a different country.
There is a list that is published each year with information on which countries don’t have any taxes. These are among the most popular countries for people to migrate to and they tend to be better options for people who want to move without having to pay outrageous taxes on the things that they should be able to do for free, like living and working. There are many countries on the list that are not actually tax-free but that have an extremely low tax rate that could actually be seen as nominal.
It is important to note that New Zealand has never made its appearance on any of these lists. Cone’s global expertise does not expect them to be on the list anytime soon, either. He knows New Zealand, that is where he was born at and move from, and he knows that the tax laws would never allow it to be one of the countries that are on the list. He lives in a different country now because it is tax-free and it is somewhere that he felt would help him more financially than New Zealand.
While the country has never been on the lists, hundreds of websites have published it as a country without taxes. They have done it so many times that people have actually started moving there in hopes of not having to pay taxes at all. This is a problem for the country and could cause the taxes to increase because there are so many people living there and it would be unsustainable to keep the tax rates at the same place that they have always been even when the population is much lower than what it currently is with all of the expats who live there.
The mix-up could have come as a result of a changed law in New Zealand. The law works to make the tax system more stable which, in turn, makes the economy more stable. This law is much different than having a complete lack of taxes in the country. It makes the country have a cap on the taxes and allows people to rest assured that their taxes will stay in the same bracket or only move slightly if they begin to make more money. It is a guarantee to the residents of the country who were fearful of extremely high taxes.