Saturday, July 15, 2006

Citizenship and Tax avoidance.

There was an interesting article in today's Mail about super commuters who make their millions in London but reside for taxation purposes in Monaco. Sir Philip Green, Sir Stelious Haji-Ioaannou were mentioned.

It has always seemed to me outrageous that anyone should enjoy the benefits of UK citiizenship and not pay the entrance price to the club. Not residence for taxation purposes should preclude such people from participation and let us not have the hoary arguement that they created jobs. Certainly jobs were created but they fail to mention they also benefitted substantially from these jobs. The difference is that those working in the jobs paid taxation whereas the founders wwho enjoyed the main benefits did not.

It is also interesting that two of the best known non residents have knighthoods. That is bad enough but of more interest would be a list of the Members of the House of Lords who are non-resident and what their involvement with political parties was prior to their enoblement.

I must ask Guido to consider investigating.

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