We're in semantics here, but in my version of English "evasion" is, by definition, illegal. "Avoidance" is legal.
Others seem to agree: http://en.wikipedia.org/wiki/Tax_evasion
We're in semantics here, but in my version of English "evasion" is, by definition, illegal. "Avoidance" is legal.
Others seem to agree: http://en.wikipedia.org/wiki/Tax_evasion
Well I'm thinking more in terms of a permanent fixture. Don't really want to spend my life hiding!
I also heard that the UK Inland Revenue can decide you earn money.. or owe taxes, and it is your job to prove them wrong! Shocking really, but I know someone indirectly who this happened to, and they had to provide full salary history to prove the Inland Rev wrong.
I;ve no idea what the future holds though, but at the moment I have no intention to return to the UK, so I would have to check laws in the country I might end up (.....if I even get myself in the situation where I could even think about this).
I got the 60 day figure from InvestHK(not IRD), 180 would be even better though so I hope you're right.
They're not inconsistent. Below 180 days you pro-rata, below 60 days it's zero. (I think, from memory)
Oh yeh.. sorry cookie, I misread what you said.