Post by dodgydave on May 29, 2023 15:22:02 GMT
Non-Dom status is not to dodge tax, it is to avoid double taxation for people who are here temporarily.
The italians sent me forms in advance offering me a choice of paying tax in italy from lira banked in italy in exchange for a letter telling tbe uk taxman to fuck off, or choosing instead to have tbe italian taxman rat on me to the uk who would tax me in british pounds after the banks did the financial equivalent of rape and pillage of nearly 20% in ‘fees’ to create english pounds in an english bank account. I chose in that case to pay the italians and tell the bank mafia to fuck off and take the UK HMRC with them.
The French gave me no such paperwork but a year later the UK HMRC gave me an option to pay the french (losing another 15% converting uk pounds to francs) or paying them on the basis of the amount in pounds i’d imported.
I chose the latter and with it had the pleasure of giving tbe french an agincourt salute
The Belgians, strangely, didn’t care about taxing me so i left that money in an interest bearing account in jersey and spent it while on holiday there. I presume their disinterest is connected to the fact the tax fiddling european parliament has been there for decades.
My point is THAT is what double taxation indemnity is about. Not paying tax twice. You don't need to be a non dom to take advantage of that.
Non Dom status is all about living here for as long as you like while paying NO tax here at all on earnings made in places like Dubai who don’t believe in tax as the poor in their view don’t deserve to live
No that is just wrong... if you are registered non-Dom you cannot bring money into the UK.
You literally have to be earning money in the UK, and paying tax in the UK, or else how the fuck would you survive???
Non-Dom is for people temporarily working in the UK who have foreign assets in what they consider their "home" country, so they are not taxed in both countries. Just like in the example I gave, where a Spanish footballer comes to England, is paid a wage in England and pays tax in England on that wage. He registers as Non-Dom so that he can rent out his home in Spain and then pay tax in Spain (thus avoiding double taxation).