What is a PT?
The PT concept is a way to step out of the
reach of the bureaucracy, out of the privacy invasion happening today in
most developed countries.
Based on a idea formulated by Harry Schultz and W.G.Hill
and published in books like "How
I found Freedom in an unfree World
",
the PT style easily found acceptance with lots of people unsatisfied with
their sovereigns.
PTs are not "tax protesters", they never make waves and just
fly "under the radar" of the authorities. The PT lifestyle is in no way
illegal, if correctly implemented.
(PT as "perpetual traveler", "prior
taxpayer", "passing through", "permanent tourist",
"possibility thinker", "portable trade", "privacy
tactician")
In essence the PT-concept means that you divide your life into different
jurisdictions. You are a resident of a place which requires no or little
tax, especially for foreign income. You make your money in another jurisdiction,
where you are not taxable, because you are living in another country. You
arrange your assets to be in a third country where the local law protects
your asset. You have your personal playground (where you are most of the
time) in another country, where you have no residence, no income and no asset.
You are a tourist only…
Obviously this in only a general description and living as a PT is more
complex. If you are interested in the matter, you can buy a whole compendium
from Eden
Press, or have a look into the material at amazon:
