Tuesday, September 11, 2012

My comment to John Redwood today - Income Tax

Martin Cole
Posted September 11, 2012 at 5:39 am | Permalink
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As super states invest more in large jet passenger planes (see the Chinese plans announced this week) these will need to be filled. Family ties which previouslytended to bind high earners to their countries of origin will be less of a factor as relatives will be the ones to travel to the low tax location of that individual's particular choice.
Long term tax planning for retirement will tend to become impossible when the financially adept will need to be fleet of foot to constantly minimise state theft.
The alternative is world government, a ghastly prospect and one that requires the complicated planning outlined in your post which makes the dangerous assumption that the goal posts will remain static.
Transnational ‘Pop Larkins’ IMHO will continue to be the longer term gainers.


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