Sentences with phrase «tax exile»

"Tax exile" is a term used to describe individuals who leave their home country to live in another country with lower or no income taxes, in order to minimize the amount of taxes they have to pay. Full definition
«There is an amendment there which was passed in the Lords to deprive tax exiles of the right to make donations to political parties.
The reason it wasn't adopted was because the Conservatives walked out, keen to protect donations from tax exiles such as Lord Ashcroft.
«This ruling could open the floodgates for HMRC to pursue thousands of British tax exiles for backdated tax.
Labour and Lib Dem peers have inflicted a blow against the government after they passed an amendment to the political parties and elections bill barring tax exiles from donating to political parties.
It conjures up images of surgically optimized tax exiles who flit between caf and casino.
«The offshore system is ultimately not about celebrity tax exiles and mobsters,» Shaxson writes.
Grubbs responded to the complaint by characterizing Browder's OFAC filing as an attempt to obfuscate Russia's side of the story and slamming the wealthy investor as «a billionaire tax exile
Already, the U.K. press has pounced on his wife's tweet about the availability of a decent home in the city — in reference to French tax exiles leaving, and perhaps easing, the sky - high housing costs in London.
MPs voted to ban tax exiles like Lord Ashcroft from making large donations to political parties last like, after a U-turn from Jack Straw.
However, the move will put the government in an awkward position as it recently performed a quiet U-turn on party funding laws which would have prevented wealthy tax exiles - and those who operate from tax havens and refuse to provide details of their taxes - from funding the forthcoming general election campaign.
Former tax exile Andrew Rosenfeld's # 1 million pledge to the Labour party has attracted the anger of a Conservative MP, John Glen, the Financial Times newspaper reported.
(Actually, people like George Osborne are arguing that high taxes will drive entrepreneurs away from the UK, not that lower taxes will entice tax exiles back - which is not quite the same as the argument Cable effectively ridiculed.)
End tax exile by following the US and taxing without reference to either the location of the earner's domicile or the country of the income's origin.
Jason Collins, partner at McGrigors, says tax exiles «urgently» need to review their financial affairs in light of the ruling.
The government has performed a spectacular U-turn on the law concerning party donations from tax exiles, losing cross-party consensus as a result.
Gordon Brown's authority faces another test as Labour backbenchers square up over an amendment barring tax exiles from being party donors.
There is simply no comparison with the strict regime imposed on trade union political donations and the far more lax arrangements that are in place for the corporate donors and tax exiles who bankroll the Tory Party.
And I mean the wealthy, not the merely well - off: only someone with a net worth of at least several million dollars is likely to find it worthwhile to become a tax exile,
As for the deal meaning that he will continue to be a tax exile surely this is a loophole that is ripe for the taking.
He said: «The bigger story here... it is quite astonishing that a tax exile of more than 10 years decides to lay into and make a political intervention which is essentially what this is on social media in a very public way.»
In his speech in Swansea, he will return to his attacks on the boss of Boots for being a tax exile and on a Conservative peer's use of a Swiss bank account.
The exchanges between the then prime minister, Tony Blair, the then leader of the opposition, William Hague, and the honours scrutiny committee detail how Ashcroft was twice turned down for a peerage, partly because of concerns about his status as a «tax exile».
The latter, one of the Conservative's biggest donors, lives in Monaco and faces accusations of being a tax exile.
Cameron attacks Labour for using a tax exile for their election campaign.
It was Mr Hague, as Tory leader, who put Mr Ashcroft forward for a peerage in March 1999, but the honours scrutiny committee turned him down on the grounds that he was a tax exile.
-- Tracey Emin is not about to leave Britain as a tax exile interview independent.co.uk — What's Tracey Emin's problem with the Guardian?
However, the court ruled that tax exiles have to show they have really left the country before the 91 - day rule applies.
Gaines - Cooper was heard alongside another tax exile case involving two men who worked in Belgium for a whole tax year.
Thousands of tax exiles will be nervously re-assessing their finances following the Supreme Court ruling in favour of HMRC over a Seychelles - based billionaire's residency status.
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