Russian translation: рост налоговых отчислений для акционеров
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I am interested in two similar issues regarding personal taxation. 1) Is there any indication that ordinarily resident but non-domiciled persons are included in Mr. Brown's reference to "evaders"? 2) Is there any reason to be concerned about the existing status of British citizens who are not resident with respect to their world-wide outside of UK generated income? Are they "evaders"? Thanks for any insigt you have.
There is nothing in the list of initial proposals on tax leakage to affect either non-domiciled individuals (usually foreign nationals) or UK citizens resident abroad.
Having said this, there is a clear signal that the Chancellor intends to *curb tax leakage* in other ways and that future Budgets will address this. Evasion is not the same as tax avoidance. Evasion is illegal and existing rules can be applied. The concern is that planning for the individuals you mention which is now perfectly legal could become outlawed in the future.
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7 mins confidence: peer agreement (net): +1
утечка налогов к акционерам
Explanation: Some tax authorities limit the applicability of thin capitalisation rules to corporate groups with foreign entities to avoid "tax leakage" to other, lower tax, jurisdictions.
Vitaly Ashkinazi Russian Federation Local time: 03:20 Native speaker of: Russian PRO pts in category: 4