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Podcast: Offshore Tax with HTJ.tax
Episode: The Expanding Definition of Private Income
Description: Tax authorities around the world are quietly—but decisively—redefining what counts as private income. In this episode, we explore how governments are moving beyond traditional notions of salary and wages toward broader “economic substance” frameworks designed to capture income generated through modern wealth structures.This evolution reflects deep structural changes in how wealth is created, held, and monetised in a globalised and digital economy.🔎 What’s Driving the Expansion?1️⃣ From Salary to Economic SubstanceHistorically, private income was closely associated with employment income. That model is increasingly outdated.Tax authorities a...