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Quite funny you should say that as I work with a few Americans here and there is no escaping the IRS even here in Switzerland so much so even the Swiss government has caved in to US demands so that they can reclaim any taxes that have been avoided and this is just for individuals.
Can't the government just legislate to say income generated in the UK will fall under UK tax law, no exceptions? isn't that what they do with with individuals who legally come to the UK to work from other countries?
Last edited by The Spartan; 16 October 2012, 13:40.
Reason: Spelling
I've got a degree in economics, which is more than you. I fail to see what the link is between economics and understanding HMRC tax laws, my loss I suppose.
Are taxes for corporations here really that bad compared with other countries? or is that the rules here are easier to exploit
No they're actually quite competitive, but while there is one country with a rate lower than anywhere else, even a 1% difference is worth exploiting at their size.
To all those saying this means a net loss of income to the UK... you're forgetting employer's NI. This is still an effective tax that must be paid while hiring UK workers.
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