site banner

Transnational Thursdays 28

Apologies if this is a double post. I posted the original earlier but was told it appears as deleted to other users. Here's hoping it works this time.

This is a weekly thread for people to discuss international news, foreign policy or IR history. I usually start off with coverage of some current events from a mix of countries I follow personally and countries I think the forum lives in or might be interested in. Feel free as well to drop in with coverage of countries you’re interested in, talk about ongoing dynamics like the wars in Israel or Ukraine, or even just whatever you’re reading.

9
Jump in the discussion.

No email address required.

Portugal

Despite the surprise resignation of its president earlier in Nov, and the imminent snap election - Portugal’s government approved its 2024 budget on Nov 29. This budget ends (via a transition plan) Portugal's Non Habitual Resident tax regime.

The regime provided very advantageous tax treatments to digital nomads (20% income tax) and retirees (10% tax on retirement plan withdrawals), for a maximum of 10 continuous years. Ending the program appears to be a well supported popular/populist decision. That's despite the programme seeming to have been hailed as a success by most. I've seen some unconfirmed claims that more than 50% of folk who entered under the program have moved to Portugal permanently.

hailed as a success by most

just looking at domains: nomadgate.com is not going to be really objective on very advantageous tax treatments to digital nomads

I get that the domain name seems click-baity on first pass.

I'm not sure what objective would mean in this context, though. It could be improved if it was run as a community site (and the community section of it is very informative), and it does have a transparency statement: https://nomadgate.com/transparency/