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Old 01.11.2019, 09:17
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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So in your opinion, absolutely nobody is squirreling money offshore to protect it from taxes, and the only way to avoid taxes is to donate huge sums in the millions to charity.

Right, glad we cleared that up.
Holding investments offshore don't effect the tax situation of the owner.
For a UK tax national living in the UK they have to pay tax on any income generated even if not received in the UK & capital gains as & when assets are sold. Identical tax treatment, just as holding Fundsmith in the UK or in Luxembourg. Luxembourg is for those who don't wish to hold UK assets, investment is identical.

Buy & hold investing is very tax efficient as there are no capital gains to be paid, selecting a good fund manager is key.

HMRC takes tax evasion very seriously & keeps an eye out with wealthy individuals. They have offered several disclosure schemes, they have now all closed. Anyone who has evaded 100k of tax will likely go to prison.
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Is there actually any link to back this up?
No it was a joke As tax rates are not aligned in the EU, the laws are fairly irrelevant, as you have the right of free movement you can choose to live in the country that has a tax system that suits you best.
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