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Author Topic: Bye bye UK passport...  (Read 355 times)

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Online Steveboy

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Bye bye UK passport...
« on: July 06, 2016, 12:23:15 PM »
Big brother could be moving in fast... Time to ditch the UK passport soon for many I'm sure..


http://www.telegraph.co.uk/business/2016/07/06/tax-brits-globally-to-stop-scandals-says-city-standards-group/?ref=yfp

Online leslied

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Re: Bye bye UK passport...
« Reply #1 on: July 06, 2016, 01:31:03 PM »
Jumping the gun again Steve.  This is not government policy, nor is it likely to be in future. 

It is USA government policy and the main reason why I never swore the oath of allegiance to become a US citizen.

Several of my friends have handed back their US passports.  It is a costly, time consuming rigmarole.  It is also likely to be changed by the next republican president.

If you are rich buying a tax haven passport is very easy. Personal taxation is almost never an issue for wealthy people - they can afford corporate solutions to shield their wealth.  Panama and the Palm tree jurisdictions are a bad choice.  Not secure and too easy to pressure.  The middle east is the way to go.

Online AvHdB

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Re: Bye bye UK passport...
« Reply #2 on: July 07, 2016, 09:28:22 AM »

Personal taxation is almost never an issue for wealthy people - they can afford corporate solutions to shield their wealth.  Panama and the Palm tree jurisdictions are a bad choice.  Not secure and too easy to pressure.  The middle east is the way to go.

What problems do you see with Delaware or New Hampshire from a taxation standpoint?
“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot