[boop]

I don’t get this. Aren’t UK taxes MUCH higher than U.S.? Especially at her level.

[Olog-hai]

She’s keeping her Austrian citizenship, apparently. Don’t know what kind of tax-exempt status she’ll have while living in London as an Austrian citizen.

[llevrok]

sadly, no.

I am old enough to remember the regimes of Prime Ministers Wilson and Heath.

Recall the Beatles’ song “Taxman”?

British entertainers and other wealthy were leaving the country in droves to avoid 90%+ tax rates.

Then came Mrs Thatcher.

But they did not have to renounce their citizenship. The USA is one of the few countries in the world that taxes you if you live and work outside the country.

[Caulkhead]

“I don’t get this. Aren’t UK taxes MUCH higher than U.S.? Especially at her level.”

No, the UK is very popular with the super-rich because we let them keep most of their money:

http://www.guardian.co.uk/society/2012/feb/24/why-super-rich-love-uk

[pogo101]

http://www.telegraph.co.uk/finance/budget/5219642/Sir-Michael-Caine-warns-further-tax-rises-will-force-him-to-move-abroad.html