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Finances / Finanzen » uk.finance » Russians in London - tax policy
Russians in London - tax policy [message #397676] Fr, 14 Juli 2006 17:15
fo  
Reading about the UK tax policy on not taxing world wide earnings
is a major factor in the ruski takeover of London

Does this mean they pay in Russia and nothing here ?

What if they own a business here like Abromovich ?

Also , if theyre in a country that does tax world wide income how does that
work ?

any expert opinion welcome
Re: Russians in London - tax policy [message #397678 ] Fr, 14 Juli 2006 17:58
Jonathan Bryce  
fo wrote:

> Reading about the UK tax policy on not taxing world wide earnings
> is a major factor in the ruski takeover of London
>
> Does this mean they pay in Russia and nothing here ?

They will almost certainly pay tax in Russia. Depends on russian tax rules
though. They pay tax on uk earnings here.

> What if they own a business here like Abromovich ?

They pay tax on that.

> Also , if theyre in a country that does tax world wide income how does
> that work ?

Normally there will be double taxation relief.
Re: Russians in London - tax policy [message #397681 ] Fr, 14 Juli 2006 18:20
Irma Troll  
fo wrote:
> Reading about the UK tax policy on not taxing world wide earnings
> is a major factor in the ruski takeover of London
>
> Does this mean they pay in Russia and nothing here ?
>
> What if they own a business here like Abromovich ?
>
> Also , if theyre in a country that does tax world wide income how does that
> work ?
>
> any expert opinion welcome

They are non-domiciled, so pay zero (UK) tax on overseas income as long
as it is not remitted to the UK.

Irma
Re: Russians in London - tax policy [message #397693 ] Fr, 14 Juli 2006 22:08
Peter Saxton  
On Fri, 14 Jul 2006 16:58:07 +0100, Jonathan Bryce
<jonathan [at] localhost> wrote:

>fo wrote:
>
>> Reading about the UK tax policy on not taxing world wide earnings
>> is a major factor in the ruski takeover of London
>>
>> Does this mean they pay in Russia and nothing here ?
>
>They will almost certainly pay tax in Russia. Depends on russian tax rules
>though. They pay tax on uk earnings here.
>
>> What if they own a business here like Abromovich ?
>
>They pay tax on that.
>
I don't think Chelsea will have to pay tax for a long time!

--
Peter Saxton from London
peter [at] petersaxton.co.uk
Vorheriges Thema:Re: Bonds: YTM, duration, and convexity
Nächstes Thema:UK tax on cheap isopropyl
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