Paddington Bear wrote: Fri Sep 27, 2024 8:47 pmI won’t pretend to have an exhaustive list (alas I am not in that wealth class). However, I know as a fact that France, Portugal and Italy are aiming to directly attract former British non-doms. Then factor in the Middle Eastern states and your more traditional tax havens (Switzerland, Channel Islands etc). Plenty of places to live really quite a nice life and not miss London too much.Tichtheid wrote: Fri Sep 27, 2024 8:42 pmPaddington Bear wrote: Fri Sep 27, 2024 11:43 am
They pay a surprising amount of tax still, tend to invest in the places they are resident to some degree or another and spend a fair amount of money because they have a lot of it to spend. Other countries are not trying to attract them because they’re lovely people to spend time with
There aren't that many countries trying to attract them, as I said there are one or two, but not that many. If I recall correctly, David Beckham donated all of his salary at a French club (PSG?) to charity because if he didn't he'd be subject to French tax, which includes world-wide income, he would have had to pay tonnes more to the French exchequer if he had accepted a salary in France - what a shitshow of a circumstance
I know for a fact that it's not that easy to switch tax havens that easily, not for me of course, but one of my mates is in that boat and there are deadlines to be met regarding doing so - are you absolutely sure about France because they must have changed their legislation since Beckham played there?
The stuff I read today indicated that Portugal and Italy were moving towards changing the non-dom and Golden Visa rules, the only one I saw that wasn't was Ireland, though I didn't look that hard into Ireland
The Middle Eastern countries tax via Switzerland as far as I can ascertain.