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The U K 's Tax Havens

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What use is no taxes on your profits on an island if you can't repatriate the profits?

The truth is, you can repatriate the profits hence it's a UK problem and not something these remote territories need to be forced to change.

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attempted to add attribution on the OP but it messes up the formatting for some reason so here instead

Naomi Fowler ‏@Naomi_Fowler 2h

Infographic: The United Kingdom's tax havens http://aje.me/16xMg1W via @alexcobham #G8 #TaxJustice

(even so I can't add a quote box - 2nd time it's happened on a thread I've started - seems to be a problem mods)

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Slightly existential detour here:

If tax minimisation via Tax Havens (or simply taking advantages of difference in rules between countries) becomes almost impossible (i.e. too costly to amke work) we would presumably see a reduction in profits (and hence dividends etc.?) in the UK and many other developed countries where the big companies tend to have lots of oversea income.

The effect would be to decrease dividends and hence pension incomes thus pushing people towards BTL as the only viable pension?

Do we need to be careful what we wish for?

It seems plausible that we could manage to see only a tiny increase in corp. tax take but an even bigger fall in dividends so the UK is a net loser?

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Question; How do you register a website that sells, say e-books, to avoid paying tax?

..most ebooks are sold through distributors who collect the VAT at point of sale in say the UK for GBP sales through Amazon, iTunes, Kobo etc...the authors income is declared by the author and easily traced through the distributors records...to sell in the US in USDs you need an EIN number from the US tax authorities to avoid paying a 30% deduction for all sales income earned in the US..the EIN is proof you are a UK taxpayer and subject to '0' deductions in the US as your tax is paid in the UK with whom the US has an an agreement.

Any attempt as you outline selling from a standalone website is really tax evasion and they will get you as the internet is an open forum IMHO ... :rolleyes:

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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