Seems to think that we should all be slaves to the State even if we decide we don\’t want to live in the UK.
The latest contretemps about Lord Ashcroft acting out the role of Conservative party honcho, while refusing to disclose whether he files taxes in the UK, raises a broader issue: why can any British national living abroad avoid taxes in this country?
Such \”tax exile\” status has come up with increasing frequency of late, in the wake of the 50% bracket reintroduced by Labour. Various people, including Michael Caine and Tracey Emin, have grumbled about their obligations, and threatened to go to live elsewhere.
He urgegs that the American system be adopted, that we are taxed by the Treasury wherever we live in the world. This could be avoided of course, siomply by giving up one\’s passport as in the US system.
What he fails to note is that in the US system when you do so you have to pay all the taxes that you would have paid if you had not given up your passport.
No, really, they assess what you would have paid over the next 10 years and then charge you that as an exit fee.
Weird that a civil libertarian would argue for such slavery to a State.