I remember in Britain people with money had to become tax-exiles as the taxation rate was 83%.
Ayn Rand had the right idea, anyone capable of doing anything should drop out of the system and go on strike like little Greta Thunhound.
Barter, trade gold, invent your own currency but don't support the machine.
Notable Tax Exiles
- Bad Company moved to Malibu, California, in 1975 to avoid what Mick Ralphs described as "ridiculously high tax in England". [6]
- David and Frederick Barclay live on Brecqhou, one of the Channel Islands, located just west of Sark, and give their address as Avenue de Grande-Bretagne, Monte-Carlo. [7]
- John Barry, the composer of 11 James Bond films, moved to the United States in 1975 where he resided until his death in 2011.
- Shirley Bassey started living as a tax exile from the United Kingdom in 1968, and was unable to work in Britain for almost two years. [8] [9] She currently lives in Monte Carlo.
- Marc Bolan relocated to Los Angeles in 1973 due to the UK's income tax, staying there until relocating to London in mid-1976.
- David Bowie moved from the UK to Switzerland in 1976, first settling in Blonay and then Lausanne in 1982. [10]
- Michael Caine moved to the US in the late 1970s, settling in Beverly Hills, California to avoid the 83% tax on top earners that existed under James Callaghan's Labour government in Britain at the time. He spent several years in the US before returning to Britain under Margaret Thatcher's Conservative government. [11]
- Sean Connery left the UK in the 1980s and made his home in France, Spain and later The Bahamas for tax reasons.
- Ronnie Corbett and Ronnie Barker spent 1979 in Australia to avoid taxation on their previous year's income. [12]
- Noël Coward left the UK for tax reasons in the 1950s, receiving harsh criticism in the press. [13] He first settled in Bermuda but later bought houses in Jamaica and Switzerland (in the village of Les Avants, near Montreux), which remained his homes for the rest of his life. [14]
- Gérard Depardieu, formerly a French national, became a tax exile, becoming an official resident of Néchin, Belgium, on 7 December 2012. [15] Then on 15 December 2012, Depardieu handed back his French passport, [16] [17] and on 3 January 2013, was granted Russian citizenship. [18]
- Marvin Gaye first relocated to Hawaii from Los Angeles to avoid problems with the IRS in 1980. Later that year, he relocated to London following the end of a European tour, then moved to Ostend, Belgium in February 1981. [19] He recorded his final album, Midnight Love (released in October 1982), while living in Belgium. [20]
- Guy Hamilton, the director of four James Bond films, became a tax exile in the mid-1970s when he was originally hired to direct Superman (1978). Because of the UK tax laws, he could only remain there for 30 days a year. As a result, John Glen directed five films in the Bond franchise.
- Stelios Haji-Ioannou was quoted as saying: "I have no UK income to be taxed in the UK." [21]
- Tom Jones moved to Los Angeles for tax purposes following the election of Harold Wilson as British prime minister in 1974, who put income tax up to 83% for top earners.
- Joe Lewis, British billionaire and owner of Tottenham Hotspur FC, moved to the offshore tax haven Bahamas Islands in the 1970s to avoid UK tax. [1].
- Roger Moore became a tax exile from the UK in 1978, originally to Switzerland, and divided his year between his three homes: an apartment in Monte Carlo, Monaco, a chalet in Crans-Montana, Switzerland, and a home in the south of France.
- In 1978, the members of the band Pink Floyd spent exactly one year outside of the UK, also for tax reasons.
- The Rolling Stones became tax exiles from the UK when they moved to the south of France in 1971. [22] Some members used trusts and offshore companies to avoid payment of British taxes.
- Cat Stevens became a tax exile from the UK in 1973 for one year, living in Rio de Janeiro, Brazil. [23]
- Rod Stewart left the UK and made his home in Los Angeles in 1975 to avoid the 83% tax on top earners that existed in Britain at the time.
- Toto Wolff was accused of being a tax exile by Red Bull Racing team principal Christian Horner. Wolff, who is originally from Austria, now resides in Monaco. [24]
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