Tax Exile

(redirected from tax exiles)
Also found in: Dictionary, Wikipedia.

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 ?
In light of these figures, the Finance Minister must urgently review the operation of the scheme and ensure a much more exacting tax regime is applied to those in the super-rich category who choose to be tax exiles.
Like a number of tax exiles, he also received an honour from the UK Government, with the award of an OBE in 2001.
But the country's heading down the Swanee, so does our conscience not prey on us that maybe these tax exiles would be better served paying their taxes in the country here and contributing to the common good?
London, Jun 30 (ANI): World heavyweight champion David Haye will never quit Britain to save taxes on his earnings and follow the likes of Formula One ace Lewis Hamilton, who moved to a tax exile haven in Switzerland.
The Tax Exiles were formed in 1976 at the beginning of the emergence of punk rock and they played with the likes of Sham 69.
There are claims he was turned down because he is a tax exile and a Nationalist sympathiser.
WHERE will all these greedy tax exiles make for if Switzerland decides to tax them?
In a barn-storming address to his party conference, Gilmore, pictured right,, savaged them for protecting tax exiles while scapegoating nurses, and accused them of being defeatist and "beaten" on the economy.
Tax exiles such as Scots multimillionaire Irvine Laidlaw, who bankrolls the Tories, could also be among those affected.
According to accountants Deloitte, tax exiles who claim to be non-resident but have continued to visit the UK for up to 90 days per annum on average may not be able to claim exemption from UK tax, and should seriously reconsider their position.
Britain's public services would benefit and it might be possible to remove much of the tax payable by those whose savings and property values are under attack from our avaricious Chancellor supported by some of his colleagues who are happy to accept hospitality from the many tax exiles.
1977: Bee Gee Robin Gibb relaxed at his new luxury home in Surrey with his wife and their two children and explained why he thought Britain was best, as the rest of his famous family had become tax exiles in America.