Gormenghast Posted April 9, 2022 Share Posted April 9, 2022 (edited) 21 minutes ago, hobinfoot said: Why should she or anyone pay tax on overseas earnings? Ive asked on the Any Questions thread but got no reply. What are the tax rules regarding overseas working "Can anyone explain the tax rules for uk citizens who live in the uk but work outside the uk and pay tax in the country in which the work is carried out? Are they also liable for UK tax on their earnings from abroad?" Im just curious. Edited April 9, 2022 by Gormenghast Link to comment Share on other sites More sharing options...
Kidorry Posted April 9, 2022 Share Posted April 9, 2022 Does she pay tax in the country where she earns her money. If she does then I cannot see why she should pay it again here. Link to comment Share on other sites More sharing options...
Mister M Posted April 9, 2022 Share Posted April 9, 2022 1 hour ago, Annie Bynnol said: When Rishi Sunak was elected a Yorkshire MP he was a "Green Card" holder which required him to be a permanent resident of the USA and had been granted authorization to live and work in the United States on a permanent basis." He kept his USA 'Green Card' until last October, that is about 10 years after he registered that his permanent address was in Yorkshire. Why did he keep his 'Green Card'? Did he pay tax at a much lower rate in the USA? Why did he not tell his Yorkshire constituents of his 'permanent' American residence? My information is that there are very good financial reasons for keeping a US 'Green Card' if you can get hold of one. Fulbright scholars, visiting students and interns are not permitted a 'Green Card' as they are not entitled to permanent residence. They have Visa which specifically denies them this right. They can work and are required to pay tax on all income and prove it on departure. On arrival in the UK you can use this paperwork to reduce your UK tax. Maybe this is the bigger story Link to comment Share on other sites More sharing options...
Delbow Posted April 9, 2022 Share Posted April 9, 2022 The rich and powerful like to tell us they've played by the rules. The rules they and their friends made, of course. "I would like to assure the House that I did everything that I told myself I should do, in the interests of fairness and suiting myself". Link to comment Share on other sites More sharing options...
Annie Bynnol Posted April 9, 2022 Share Posted April 9, 2022 (edited) The history of tax avoidance is ancient. There has long been a principle that your income should only be taxed once. Tax payers who can will pay tax in the country where tax is lowest. Ordinary people who work for the German operators of a UK railway company will pay have to pay UK income tax, NI tax, VAT and pension at about 60%. Some will 'stretch' what is meant by being contractors and pay far less in taxes. Top management will receive tax free benefits and locate themselves in a low income tax country eg to a Lichtenstein holding company at 20%. The directors and major shareholders will have trusts and secrecy in the Cayman Islands and pay no tax just fees of about 20%. As you can see the Tory view of having a choice is really true! And the Tory party is in power because voters really do think that Boris and Rishi want to give them a choice. Edited April 9, 2022 by Annie Bynnol Link to comment Share on other sites More sharing options...
Annie Bynnol Posted April 9, 2022 Share Posted April 9, 2022 49 minutes ago, hobinfoot said: Why should she or anyone pay tax on overseas earnings? The tax paid by residents of the UK on their earnings should in total be the same for everybody. ie if the Tax in India is 15% and the UK rate is 40% then the extra to pay would be the difference ie 25%. Only one tax threshold should be allowed. Link to comment Share on other sites More sharing options...
Gormenghast Posted April 9, 2022 Share Posted April 9, 2022 4 minutes ago, Annie Bynnol said: The tax paid by residents of the UK on their earnings should in total be the same for everybody. ie if the Tax in India is 15% and the UK rate is 40% then the extra to pay would be the difference ie 25%. Only one tax threshold should be allowed. Is that laid down in UK tax law or just your opinion? Link to comment Share on other sites More sharing options...
steved32 Posted April 9, 2022 Author Share Posted April 9, 2022 2 hours ago, hackey lad said: Sunaks wife is not a politician No...she's exploited her entitled position as the Chancellor's wife. Entitlement, privilege, arrogance. Link to comment Share on other sites More sharing options...
Annie Bynnol Posted April 9, 2022 Share Posted April 9, 2022 15 minutes ago, Gormenghast said: Is that laid down in UK tax law or just your opinion? Neither, it was an answer to a question and based on the situation many permanent UK residents have to deal with to avoid 'Double Taxation' and be fair to countries involved, when working across tax boundaries. Link to comment Share on other sites More sharing options...
hobinfoot Posted April 9, 2022 Share Posted April 9, 2022 36 minutes ago, Annie Bynnol said: The tax paid by residents of the UK on their earnings should in total be the same for everybody. ie if the Tax in India is 15% and the UK rate is 40% then the extra to pay would be the difference ie 25%. Only one tax threshold should be allowed. If she has already paid tax in the country where it’s earned then it seems unfair to me for us to tax it as well. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now