Singapore temporary residents (foreigners or not) still have to pay tax on their worldwide income as long as it's remitted into Singapore (spent, bank account, etc...)
This is only if the withholding tax (or non-resident tax) from the source country is less than 15%. Otherwise it's completely tax-free. I doubt Oman will apply this kind of rule
Just to let you know; there was a proposal to tax Billionaires worldwide by Brazil (Communist Lula) with big support of France (always has been left-wing economically) and some countries and it didn't work out.
rof/% True, but...
I don't mind. At least monarchy can have a longer planning horizon unlike the modern democracies where 4 years is a maximum they care for and where there is more important to gather more votes than actually improve the country.
What are you talking about? People pay 45% taxes in democracies in exchange for literally nothing. Look how dangerous the UK or France have become today, or even most cities in the USA.
By introducing corporate tax the UAE has already taken care that the income of individuals does not exceed a certain value. If you receive income from active business and it exceeds AED 1M - you will have to register it and become a corporate tax payer.
Why do you think so? People also said it was game over for people with companies there. As far as I see it, not much has changed compared to before the introduction of the 9% corporate tax!
Because similar arrangements exist with 0 tax. Cyprus non-dom for instance - spend 60+ days there and just use golden visa to vacate in Dubai. Or Italy + Dubai or many other options for people with money. They want affluent people there, not backpackers, I doubt they will do anything to spook them.
This is only the beginning!
