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Tax Exile

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Tax Exile
A person who resides outside his/her country of citizenship in order to avoid paying taxes in that country. For example, one may earn most of one's income from a business in France but actually live in Monaco, where there are no taxes. Tax exiles often may not go to their home country more than a certain number of days per year in order to avoid taxes legally. American citizens may not be tax exiles legally unless they leave the United State, earn no money in the United States, and renounce their citizenship.


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Veteran French rock star Johnny Hallyday has no plans to end his spell as a Swiss tax exile, even if Switzerland moves to abolish lucrative tax breaks for rich foreigners.
PAC chairman Bernard Allen said the tax exile scheme annoys ordinary people who have tax deducted every week.
He promised to return to the UK after his nomination for a peerage was rejected in 1999, in part because of his status as a tax exile.
 
 
 
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