Ratclilffe's leaving the sinking ship
Discussion
https://www.bloomberg.com/news/articles/2020-09-25...
It's been on the cards for a while, apparently.
https://www.theguardian.com/business/2019/feb/17/b...
It's been on the cards for a while, apparently.
https://www.theguardian.com/business/2019/feb/17/b...
elster said:
I linked to that at the start. He hadn't moved then. Apparently he now has.mikebradford said:
It's not that hes moving to avoid tax that bothers me, it's that hes historically made points about how people should live their lives.
Yet he does what's best for him.
I'm not a fan.
Seems par for the course though with these sort of people.Yet he does what's best for him.
I'm not a fan.
They'll tell you to vote for something or support something that suits them, and couldn't give two hoots if it suits you. They won't actually have to live through it.
piquet said:
think we should follow the US system
pay tax on your world wide income no matter where you are
only way out is the rescind your citizenship which results in all your assets being taxed on the way out
Fvck that. You could have my passport back in a heartbeat. Zero justification for taxing the overseas income of people who live and work abroad. Something like 10,000 Americans a year jack in their citizenship!pay tax on your world wide income no matter where you are
only way out is the rescind your citizenship which results in all your assets being taxed on the way out
fblm said:
piquet said:
think we should follow the US system
pay tax on your world wide income no matter where you are
only way out is the rescind your citizenship which results in all your assets being taxed on the way out
Fvck that. You could have my passport back in a heartbeat. Zero justification for taxing the overseas income of people who live and work abroad. Something like 10,000 Americans a year jack in their citizenship!pay tax on your world wide income no matter where you are
only way out is the rescind your citizenship which results in all your assets being taxed on the way out
US takes the view that having a US passport entitles you to certain, lifelong benefits and they expect you to pay for the pleasure. You get credit for foreign taxes so often there is no additional US tax to pay. But having to file US returns is a pain.
fblm said:
Fvck that. You could have my passport back in a heartbeat. Zero justification for taxing the overseas income of people who live and work abroad. Something like 10,000 Americans a year jack in their citizenship!
If you wanna go live in (and pay tax in) Singapore or the Middle East, hand your passport in and don't let the door hit you on the way out. Oh wait, suspect most will have their high-earning years in such a low tax jurisdiction then come back to the UK when they are old and their high-earning days behind them, to rely on things such as the NHS. fblm said:
maz8062 said:
Amazing that this man funded and campaigned for the U.K. to leave the EU and then once we’ve left ups and leaves to live in the EU.
Staggering.
Monaco isn't in the EU.Staggering.
https://en.m.wikipedia.org/wiki/Monaco–Europ...
Gecko1978 said:
The problem with tax is if you target people with money they move, if you target the poor you end up giving it back in benefits so all that you have is the middle.
That only applies to a tiny percentage of people who are capital rich and for many of them they can structure their assets to avoid U.K. tax. The majority of people who pay substantial tax are employees eg bankers, CEOs, top lawyers etc and they can’t escape higher taxes because they work in the UK.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff