Oddbean new post about login | logout And strong banking secrecy laws and bearer share corporations. It used to have stronger financial privacy protections but the US and IMF kept pressuring the government to remove those rules. And drugs, abortion, and guns are legal. The latter is regulated. Oh and if you work in tech and your income is from overseas you don’t pay taxes. The idea is you’re bringing money in to the economy in a clean way.
That's pretty much the formula - you need tax free foreign income to offset for local taxes you can't avoid. Optimally, you have it from an US LLC or equivalent structure, so it is not taxed at source. Worst thing you can do planning wise, is to be employed (could end sentence here really ^^;) in EU or some other socialist country and live in Uruguay. For US passport holders, this will not be optimal either as they will be liable to Uncle Sam worldwide, but I guess it still beats staying "home".