To: TigerLikesRooster
Liechtenstein, along with Monoco and Switzerland are the dedicated tax-free banking havens for the rich of Europe.
As soon as a few million are made, they immediatly buy property in one of these countries and declare that all future income be paid through those banks.
Pro-athletes, celebs, major business people.
Example: The F1 race car driver, Lewis Hamilton, who recently nailed his big payday contract and is endorsing products like crazy claimed “the paparazi was just too mean to him” so he was going to be relocating to Monoco.
And considering in many countries like England and Germany, over 50% of your income goes to taxes, I really can’t blame them.
2 posted on
02/20/2008 2:49:10 PM PST by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
To: Proud_USA_Republican
It is a who’s who of current/former F1 drivers that call Monaco home. Not a bad place to live.
3 posted on
02/20/2008 2:56:40 PM PST by
Trajan88
(www.bullittclub.com)
To: Proud_USA_Republican
I’m happy for everyone who manages to shelter their money from the long fingers of government even if its questionable like this. While taxes are necessary in some form to fund basic governmental functions, already today this monster has an expanse far beyond that which is healthy economically or even morally right for those working and paying for this system be it most of Europe or N. America. An example: taxes such as an inheritance or capital gains tax are de facto a second tax slapped on something already taxed once before and justified through some class warfare rhetoric. It makes absolutely no sense, it’s not morally or rationally justifiable and the “so called culprits” are usually not F1 race car drivers with millions; rather Schmidt who worked himself to death in a factory and wants to pass something on to his kids, with his friendly government asking for 1/3 of it after he already paid taxes on it to begin with. Some taxes should not be, and capital gains as well as inheritance taxes are two examples.
4 posted on
02/20/2008 3:07:41 PM PST by
Red6
(Come and take it.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson