This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
UK Tax Exile Loses High Court Domicile Case,
by Robert Lee, Tax-News.com, London
Tuesday, November 20, 2007
The British-born businessman who is contesting a decision by HM Revenue & Customs
that he remains domiciled in the United Kingdom for tax purposes has lost his
appeal in the High Court in London.
Robert Gaines-Cooper, who has business interests all over the world, claims
that he is resident and domiciled in the Seychelles, but the court concluded - in agreement with HMRC -
that he maintained sufficiently strong ties to the UK to put his claim in doubt.
After examining the case, Mr Justice Lewison ruled that it was "impossible
to say that the only true and reasonable conclusion was that Mr Gaines-Cooper
acquired a domicile of choice in the Seychelles in 1976".
The decision upholds a ruling by the Special Commissioners that Gaines-Cooper
could not be considered non-domiciled because he maintained strong links with
the UK, for example, by schooling his son in the country, and pursuing business
and leisure interests there.
However, the court failed to clarify the rules on residence, which are subject
to some uncertainty after HM Revenue and Customs reinterpreted the 90-day residence
test in the case of Gaines-Cooper to include time spent transiting through the
UK.
While the case is potentially bad news for British-born expats who are attempting
to claim domicile in a new country, illustrating how difficult it can be to
sever ties with the country of one's birth, tax experts point out that it could
help foreign-born individuals living in the UK.
Gaines-Cooper is expected to seek leave to appeal on the residency aspect of
the case to the Court of Appeal.
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
Advertising & Marketing
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising,
sponsorship and marketing opportunities:
Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Could your corporate web-site or newsletter benefit
from incorporating regularly updated news and content
tailored to serve your clients' interests? We can provide
a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here for a brief introduction
to RSS and instructions on how to get the Tax-News feed.
IMPORTANT NOTICE: THE LOWTAX NETWORK has
taken reasonable care in sourcing and presenting the information contained on
this site, but accepts no responsibility for any financial or other loss or damage
that may result from its use. In particular, users of the site are advised to
take appropriate professional advice before committing themselves to involvement
in offshore jurisdictions, offshore trusts or offshore investments. All materials
on this site copyright THE LOWTAX NETWORK 1999 to 2010. Contact
us for further information.
TAX-NEWS.COM
Free Tax-News Feed