Rich people can buy a house in a tax haven, declare it as their permanent home and pay virtually no tax for living there or technically conducting business from there. In actual fact/reality they spend virtually the entire year at their 'holiday home' in England, like 360 days a year there (and work from 'London office' etc!)!!
It still doesn't matter - their income is derived from outside the UK. Any interest they earn in UK banks, investments or salaries get taxed in the UK.
Also, the HMRC do actually investigate how much spend you actually live in the UK, and what your work situation is - not as many people get away with it as you think.
Like I said - if HMRC have no problem with Ashcroft, then nor do I. The second HMRC say he is being dishonest about something, I will go after him with daggers.
The net result is they use the things tax-payers paid for to their hearts content like street lighting, police, fire brigade, NHS etc but don't pay into the bucket at all on what is in actual fact a technicality.
What? "At all"? You do realise that any income derived in the UK is taxed in the UK, and Ashcroft has kept the HMRC fully informed about the income he derives here, and pays his tax bill like you or I?
The net result is they use the things tax payers paid for like street lighting, police, fire brigade, NHS etc but don't pay into the bucket at all on what is in actual fact a technicality.
Given that people like Ashcroft are so rich they likely pay more tax than you or I do in ten years just from their UK bank and investment account interest, I don't really see the problem.
Once again, it is the politics and argument of
jealousy.
Which isn't fair. And not the kind of character I'd want deciding the countries' legislation.
Ah, but you'll vote Labour, who have non-doms who (that we know of, there may be more) bankrolling the party to a greater extend than Ashcroft ever has, who also sit in the House of Lords?
The same Labour who have no plans to bring in a rule that says you cannot sit in the Lords if you're a 'non-dom', yet the Conservatives and Lib Dems have pledged to introduce?