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.
References in periodicals archive ?
A spokesman for HMRC said he could not comment on Mo's case but added that tax exile applications were judged individually.
The times we are living in mean that - as well as child benefit - our tax exiles are in the government's sights.
Tax exiles can spend only a maximum of 91 days in the UK in each calendar year and the 50p rate, which only came into force a couple of years ago, affects around 300,000 people in the country.
Carol Barrie: Lewis Hamilton's a world champion tax exile
Mick and Bianca Jagger marry (divorced 1977); Rolling Stones Records launched; ``Sticky Fingers'' released; band goes into tax exile in France; sixth No.
The service was being held at St Brelade's parish church near Walker's family home in Jersey, where he had been a tax exile since 1974.
But not tax exile multi-millionaire (did I mention that earlier) Rod Stewart.
Summary: Paris:French actor Gerard Depardieu, under fire for becoming a tax exile, is selling .
But, the second this man started earning serious money, he decided to up and go to live as a tax exile in Switzerland.
His critics claim he is an overpaid tax exile who drives the best car and is so surrounded by his PR machine he has lost touch with his fans.
TAX exile Lord Brooke is the centre of a nation-wide controversy over the selling of art treasures from Warwick Castle.