Friday, Oct 05, 2007
EAs working hard to help bring foreign money to London
Wall St Journal: Behind London's Boom, Billionaires From Abroad
Wealthy foreigners are helping transform London by injecting cash into its neighbourhoods, companies, restaurants and art scene. While some resent the influx of foreign super-rich who are causing property prices to rise humungously, EAs like Savills are travelling abroad to court potential clients.
Posted by su @ 07:08 AM (274 views) Add Comment
2 Comments
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1. su said...
"The U.K. taxes foreigners who claim their true home, or "domicile," is elsewhere only on the money they earn in, or bring into, Britain. All assets elsewhere aren't taxed. The U.S., by contrast, taxes residents on their world-wide income."
Is this good for the UK? How much of this foreign wealth actually benefits Britons?
2. doomwatch said...
It's certainly a great place to "invest" any dirty laudry.