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Anyone heard of this? -David
THE PERPETUAL TRAVELER by Dr. W.G. Hill
In a nutshell, a PT merely arranges his or her 'paperwork' in such a way
that all governments consider him a tourist - a person who is just 'Passing
Through.' The advantage is that by being thought of by government officials
as a person who is merely 'Parked Temporarily,' a PT is not subjected to
taxes, military service, lawsuits.... PT stands for many things: a PT can be
a 'Prior Taxpayer,' 'Perpetual Tourist' or 'Permanent Traveler' if he or she
wants to be. The individual who is a PT can stay in one place most of the
time, or all of the time.
PT theory is elegant, simple, and requires no accountants, attorneys,
offshore corporations, nor other complex arrangements. The income of most
PTs is easily doubled, and most frustrations of life with Big Brother are
instantly eliminated.
The Concept of PT is based on the five flags theory:
Flag 1. BUSINESS BASE. These are places where you make your money. They must
be different from where you 'legally reside' (your personal fiscal
domicile).
Flag 2. PASSPORT AND CITIZENSHIP. These should be from a country unconcerned
about offshore citizens or what they do outside its borders.
Flag 3. DOMICILE. This should be a tax haven with good communications, a
place where wealthy, productive people can be creative, live, relax, prosper
and enjoy themselves, preferably with bank secrecy and no threat of war or
revolution.
Flag 4. ASSET REPOSITORY. This should be a place from which assets,
securities and business affairs can be managed anonymously by proxy.
Flag 5. PLAYGROUNDS. These are places where you would actually physically
spend your time.
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