UK government promoting the UK as a tax haven

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Full marks to Andrew Goodall for spotting the web site of UK Trade and Investment, a government sponsored site on which there is a blatant article promoting the UK as a tax haven, admitted;y written by PWC. It says:

This may come as a surprise to many of you but whilst the UK lacks the climate of a traditional tax haven, it does have many of the tax advantages of a traditional tax haven. It is also perhaps the only tax haven which has the high degree of respectability sought by the international business community.

Provided that you are "not domiciled" for UK tax purposes, it is possible to structure your tax affairs to minimise your tax liability considerably. The following explains the concepts and outlines the basis of taxation for non-UK domiciled individuals.

Which is so good to know in the light of the current tax amnesty.

It also proves my point about domicile and discrimination: the UK government knows this is discriminatory and is allowing it to continue all the same. Oh for the funds to pursue this one further.

Andrew has more to say on this, so please go and read.


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