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by elastine
4244 days ago
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The UK does not tax worldwide income. In fact, if you hold your money in an offshore account, you can declare yourself a "non-domiciled" UK person. This special category exempts you from all tax on foreign income in exchange for a small fee. It is not for no reason that every corrupt Russian oligarch and oil baron and African dictator flocks to London. |
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UK does not tax worldwide income based on UK citizenship, but it does tax worldwide income for all UK domiciled residents, which includes all citizenship-seeking immigrants.
Your trivia on the non-domicile status is interesting, but both the grandparent and myself have already mentioned it, and I specifically said that it's "irrelevant to this analysis".