Living on a boat and avoiding taxes

in the uk u are taxed to death, there's no escape.
if u really want to enjoy low taxation come in Italy, obtain residence permit, become a legitimate citizen and u'll have to pay only 12.7% deduction on capital gains...and if u are dearing u can also avoid to pay taxes completely...trading is not a common activity in Italy and u won't be stalked by the tax man.
 
Quote from Bitstream:

in the uk u are taxed to death, there's no escape.
if u really want to enjoy low taxation come in Italy, obtain residence permit, become a legitimate citizen and u'll have to pay only 12.7% deduction on capital gains...and if u are dearing u can also avoid to pay taxes completely...trading is not a common activity in Italy and u won't be stalked by the tax man.
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I had looked into Italy, well Campione to be precise, and it seemed like a very attractive proposition.

However, my entire life is based in London, and if there is any way I can avoid uprooting myself and becoming an itinerant tax avoider I'm going to pursue it.

Which is why the UK domicile laws are so appealling, and attract billions of pounds worth of foreign investments to the UK (e.g. Chelsea, Harrods, etc...)

And freelance work through a limited company can be surprisingly tax efficient.

I'll find out if all this is just a pipedream on Monday. :p
 
Just a letter box in Campione and a good lawyer in Milan should do it... and you would not even need to leave London.


Quote from Neoxx:

I had looked into Italy, well Campione to be precise, and it seemed like a very attractive proposition.

However, my entire life is based in London, and if there is any way I can avoid uprooting myself and becoming an itinerant tax avoider I'm going to pursue it.

Which is why the UK domicile laws are so appealling, and attract billions of pounds worth of foreign investments to the UK (e.g. Chelsea, Harrods, etc...)

And freelance work through a limited company can be surprisingly tax efficient.

I'll find out if all this is just a pipedream on Monday. :p
More...
 
Quote from Neoxx:

I had looked into Italy, well Campione to be precise, and it seemed like a very attractive proposition.

However, my entire life is based in London, and if there is any way I can avoid uprooting myself and becoming an itinerant tax avoider I'm going to pursue it.

Which is why the UK domicile laws are so appealling, and attract billions of pounds worth of foreign investments to the UK (e.g. Chelsea, Harrods, etc...)

And freelance work through a limited company can be surprisingly tax efficient.

I'll find out if all this is just a pipedream on Monday. :p
More...

Why Campione?
 
Quote from Neoxx:

I had looked into Italy, well Campione to be precise, and it seemed like a very attractive proposition.

However, my entire life is based in London, and if there is any way I can avoid uprooting myself and becoming an itinerant tax avoider I'm going to pursue it.

Which is why the UK domicile laws are so appealling, and attract billions of pounds worth of foreign investments to the UK (e.g. Chelsea, Harrods, etc...)

And freelance work through a limited company can be surprisingly tax efficient.

I'll find out if all this is just a pipedream on Monday. :p
More...

I live in London as well but my main residence is in Italy and didn't find a way here in the uk to avoid the 40% taxes on cap gains and the 20%(correct me if I am wrong) on dividends: Philip Green (Arcadia, Bh&S) has given his wife who lives in Monaco control of both companies to avoid the massive taxation on dividends, looks like there's no way out in the uk.
 
Quote from protrader-2K5:


The only way to bring back money into the US is through CASH stuffed in a suitcase or as one of my jeweler buddy has done... through precious stones. Diamonds are alot easier to transfer... and not looked for. But you have to get a buyer in the US to 'cash out'
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Thats good advice. Africa witnesses a lot of crossborder gold smuggling by proprietiers expatriating business profits.

Its one of the best ways to move money around.
 
Quote from Frege:

Why Campione?
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Given that Campione is uniquely situated between Italy and Switzerland, without falling under the jurisdiction of either (to my understanding), you ultimately have the advantages of Switzerland (e.g. communications, stability, banking etc) without paying taxes. And you are exempt from Switzerland's double taxation treaty with the US.

Understandably, Campione has the highest GDP per capita of any nation in the world.
 
Quote from Bitstream:

I live in London as well but my main residence is in Italy and didn't find a way here in the uk to avoid the 40% taxes on cap gains and the 20%(correct me if I am wrong) on dividends: Philip Green (Arcadia, Bh&S) has given his wife who lives in Monaco control of both companies to avoid the massive taxation on dividends, looks like there's no way out in the uk.
More...

Non-residency was extremely appealing when I thought I could spend 181 days a year in London. It seemed like the perfect excuse to avoid the colder seasons.

Then I learnt that staying an average of 91 days per year over four consecutive tax years also rendered you a resident. This shattered the delusions.

As a UK doctor, earnings are nothing to write home about unless you're an established consultant with a large private practice.

So while I'm doing my best to mitigate my national tax liability, my priority is to grow my trading equity tax-free.

After all, my earnings from trading have the potential to rapidly eclipse anything I could ever make on my own steam.
 
try Hong Kong.

almost anybody and everybody can get a residency permit here.
no cap gain
no sales tax
no income tax for income not earned locally
narrowly defined income for tax purposes

other locale for consideration:
Thailand
Sri Lanka
Bali, Indonesia
 
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