[kig]

It's more like you moved to London, got a new lucrative job, and paid zero taxes by squirreling all your income away into a tax haven. And then you want to send that money to your US bank account without paying taxes to anyone. As a result your new London friends have to pay more tax to pick up your bill on unpaid UK taxes, and your mom in the States has to pay more tax to pick up your bill on unpaid US taxes.

[walshemj]

Tell me how working in London as I do I can, " squirrel away all your income away into a tax haven"

[spoonie]

The grandparent was making an analogy, but...

Use a "non-dom"! BVI or Jersey/Gibraltar/Mann, etc.

My understanding is that it's similar to money left outside of the US: with a UK non-domicile you can defer paying taxes on the cash as long as you leave it outside of the UK.

The catch is, of course, you have to be able to show the money was earned outside of the UK as well (e.g. investing -- see David Cameron's father and the Panama Papers). On that other hand if you open a regular pension investment account in the UK you can defer up to 100% of your annual income tax anyway, without having to jump through hoops or be really rich.[0]

0 - https://www.gov.uk/tax-on-your-private-pension/pension-tax-r...

[walshemj]

The number of non doms in the uk is trivial so thats a very bad anology and you do have to pay a chunky levvy in lieu of tax.