Posted on 07/09/2012 10:45:50 PM PDT by tcrlaf
When Europe finally goes boom, she will be one of the first ones banging on the Embassy gates.
If you are in Europe and have the money, the passport to have is Swiss. Also, Michelle Bachmann has Swiss citizenship like her immediate family, but I have read she is trying to give it up.
But it's different in the UK. Here, if you come from overseas, and can prove strong links with overseas, and can prove that you are going to return to overseas, and can therefore establish a "domicile" overseas that is different from your "residency" in the UK well, in that case, you are treated entirely differently for tax purposes. You pay tax on your income in the UK, like the rest of us; and you can remit capital to the UK; but your overseas income, as long as you keep it overseas, is out of the reach of the Inland Revenue.
What this policy amounts to, in practice, is that the UK has a gigantic sign hanging over it saying, "Rich People! Come and Live Here! You Won't Have to Pay Any Tax!" It is an extraordinary policy for any developed nation, and not one that anyone else has been tempted to adopt. Other countries have low tax rates to attract businesses in the EU, Ireland and the Netherlands stand out but the only countries that have anything even vaguely resembling the British policy towards the super-rich are places that are openly accepted as tax havens, such as Monaco and Switzerland.
America's tax policy is despicable and consequential.
I’ll get back to you when I think of a reason.
You can bet they'll still be hectoring us about how we need to share our wealth more, though.
Shortly after V Fosters death they learned VF had been making trips to Switzerland to meet with MR.
The scandal with Hazel O’Leary where no one, even congress, could find out where she was going or what she was doing was because of the WALL Jamie Gorilick erected.
O’Leary was meeting with Marc Rich (friend of mine knows MR, he got it straight from MR mouth that he was meeting with O’Leary) and they didn't want anyone to find out the way they found out about VF meeting with MR.
Marc Rich met with O’Leary in a town right on the Austria border with Hungary.
Had it not been for the Gorilick Wall that info would have been passed on by Interpol.
Marc Rich’s pardon was arranged by Eric Holder - http://www.nationalreview.com/articles/226728/unpardonable-holders-marc-rich-shuffle/andrew-c-mccarthy
Whether you have one million or two hundred million, you can find a way to overextend yourself. Whatever she saves, it’s for sure her advisors told her she absolutely can’t afford to give it up to Uncle Sam.
This woman could well be a “multimillionaire” yet on the verge of defaulting on her obligations.
In fact, there really is no other plausible explanation.
Having craped all over the bed, the libs now want out leaving us to clean up the mess (as usual). :(
This is known as “being hoisted on one’s own petard.”
I’d bet the “near-award-winning” Denise Rich is just plain greedy, like most upper class liberals. For them, money and or power really IS everything.
Socialists are all for sharing OTHER people’s wealth.
I don’t know about other republicans but I am trying to build a life-raft for me and the people of my State of Texas.
The democrats that can seem to be fleeing the monster they have created, as that monster increasingly seeks to consume them as well.
Look at the glare from Hillary as she looks at two BIG reasons to hate Denise.
Now if we could just rid this country of the “Kardashian” “Clan” we would be MUCH better off!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.