Tax exile: Difference between revisions
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A '''tax exile''' is one who chooses to leave his native country and instead to domicile himself in a foreign nation or jurisdiction, where taxes on his personal income are appreciably lower or even nil. Going into tax exile is a means of [[tax avoidance|tax mitigation or avoidance]]. |
A '''tax exile''' is one who chooses to leave his native country and instead to domicile himself in a foreign nation or jurisdiction, where taxes on his personal income are appreciably lower or even nil. Going into tax exile is a means of [[tax avoidance|tax mitigation or avoidance]]. |
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==Famous tax |
==Famous tax exiles== |
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* [[Michael Schumacher]] living in [[Switzerland]] |
* [[Michael Schumacher]], [[Phil Collins]], [[Boris Becker]], [[Tina Turner]] and [[Ingvar Kamprad]] living in [[Switzerland]] |
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* [[Ralf Schumacher]] living in [[Austria]] |
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* [[David Coulthard]], [[Jenson Button]], [[Roger Moore]] and [[Ringo Starr]] in [[Monaco]] |
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==See also== |
==See also== |
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Revision as of 17:04, 18 June 2006
A tax exile is one who chooses to leave his native country and instead to domicile himself in a foreign nation or jurisdiction, where taxes on his personal income are appreciably lower or even nil. Going into tax exile is a means of tax mitigation or avoidance.
Famous tax exiles
- Michael Schumacher, Phil Collins, Boris Becker, Tina Turner and Ingvar Kamprad living in Switzerland
- Ralf Schumacher living in Austria
- David Coulthard, Jenson Button, Roger Moore and Ringo Starr in Monaco
See also
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