Quote:
Originally Posted by accord1999
There's a lot of reasons to move from Alberta to London; saving taxes isn't really one of them. The top English marginal tax rate is 47% (with national insurance), Alberta is 48%. If he wanted to save taxes, he would have gone to the same tax havens rich Brits go to, like Monaco.
He probably just wanted to enjoy the lifestyle of one of the premier cities of the world. Or has a mistress/illegitimate children there.
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Lol. Like he’s paying English taxes!
Billionaires don’t pay taxes in the uk (or anywhere else for that matter).
What is likely is that a corporation with HQ and tax residency in the Channel Islands or Caribbean is paying his uk housing costs and probably giving him a loan for him to have some spending money, and he is pay packet that is subject to uk taxes is zero or a token amount (for him).