Stephen Hugh-Jones takes to task Britain's silly tax laws for "non-domiciled" residents. As the government threatens a plan to get these folks to pay, howls and squeals of woe can be heard in the City's finest restaurants ....
Two things in this world, we are told, are certain: death and taxes. If it was ever true, this truism, like many, is untrue today. Death is ultimately a fact of life, granted; but there's a huge industry whose sole, and often successful, purpose is postponing it into the indefinite future. As for taxes, look at the corporate brass plates in any tax haven. Or indeed settle in Britain, where you won't even need a brass plate. You can escape the worst of taxation there altogether.
All you need is a foreign passport. You can't (unless you're a diplomat, and not always even so) avoid indirect taxes: x pence on a pint of beer, y on each litre of petrol, say. But for income taxes, all you need on top of your passport is a readiness to assure the taxman that one day, cross your heart (and fingers too), you will be leaving Britain permanently, whether for your homeland or, say, one of the Cayman Islands.
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