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 ?
ON THE MOVE: Tom wants to return after years living as a tax exile
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.
Isn't it time we went back to the understanding that, if you're a tax exile, you don't get a knighthood - or have to give it back if you've got one?
Carol Barrie: Lewis Hamilton's a world champion tax exile
The 64-year-old tax exile has given more than pounds 1m to the Conservative party, on top of loans of pounds 2.
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.
And, in an interview, he said: "If you have been found to be a tax avoider or a tax exile then you should not be on the honours list to begin with.
Calling for a radical overhaul of the honours system, he adds: "Run off to tax exile if you want.
1 Why did tax exile Lewis Hamilton wrap himself in the Union flag after becoming world motor racing champion when the flag of Monaco was far more apt?