Quote: (02-23-2011 10:53 PM)ManAbout Wrote:
I don't know about Finland specifically, but in general, Yes, paying your taxes is a requirement. Also, this is one way of ensuring your residency. As long as you continue to pay your taxes you can claim legal residency in that country.
That was my concern. Scandinavian countries are known for their very high tax rates, and if you're making like E 100K/year and have to pay 50K in taxes, Montenegro sounds like a pretty good deal.
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How much tax you pay will depend on the country. In Spain for example, when I was speaking to the lawyer, he said something like, "You decide how much tax you want to pay." And then they will work backwards to calculate how much of your income you should declare.
Well, it is everywhere like that. However penalties for hiding the income are stiff, and you may lose not only your residency status, but also the citizenship if you get it. This means someone who knows that much about you can blackmail you till the end of your life. Not a good idea.
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Apparently very common in Spain where even properties change hands with a declared value and an "under the table" amount given to the seller, in order to evade taxes.
This happens in a lot of countries.