Wednesday, 19 December 2007

"U.S non-doms attack unfair tax."

In Saturday#s Times there was the headline "US non-doms in Britain attack 'unfair tax.'

Apparently, the American government is studying the potential impact on its citizens.
The problem arises because Uncle Sam charges tax on the worldwide income of its citizens. The British Treasury says the fault lies with the U.S tax system.
Gordon Brown, God bless him, wants to charge non-domiciled residents some £30,000 each
and this has irked the Yanks.

I would think that the privilege of living in England would cost a lot less. I said England because I don't think there are many U.S non-doms living in the Celtic fringe, although I stand ready to be corrected.

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