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 2.5m.
If fates had only been kinder, I could now be a fading star with raddled countenance and a heroin addiction, living in tax exile.
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.
I'm already looking forward to next year's Tax Exile of the Year gong.
Shadow Chancellor John McDonnell slams the Virgin billionaire as a "tax exile who thinks he can try and intervene and undermine our democracy".