Paradise Papers Leak

'The sovereign grant is the funding formula under which the Queen normally receives 15% of the annual profit from the crown estate'

The crown estate profits will be used to pay for it's upkeep. Therefore the Monarch will be paying.
And not an Australian resident?

If on the other hand you were asking about the Queen in person, Her Majesty Elizabeth II, Queen of Canada and Australia and her other Realms and Territories, rather than the abstract 'Crown', then the answer is that she receives nothing whatsoever from those realms.

They pay the cost of State visits when the Queen or her representatives make an official visit to the country, but they do the same when other heads of state visit. For that matter, in Australia the government paid more for Oprah Winfrey's visit in 2010 than it did for the Queen's visit in 2011. Otherwise, the Commonwealth Realms pay nothing towards the cost of the royal family.

https://www.quora.com/How-much-do-C...th-nation-covering-all-expenses-for-the-visit
 
I hope you're not calling the envy crew hypocrites

It is this kind of argument that over time has made me think anyone who wants to try and dodge the system is ok with me.

And I mean anyone, so called benefit cheats, tax dodgers, in fact anyone who can get away with a pound.

But then you also realise that someone somewhere ends up paying as they don't buck the system and when they question it they are said to be simply jealous.

Vicious circle.
 
You on about?

I’ve got clients with ISA portfolios worth well over £500k that made 18% in the last year alone.

You really think that’s a 20p tax saving?

Fucking love these threads where 95% of respondents haven’t got a fucking clue about the subject matter.

Isn't there an annual limit on ISA's?
 
And not an Australian resident?
If he holds a British passport (and they all do; no matter how much republican nonsense they spout) he is indirectly supporting the British Monarchy by paying a small royalty to the Crown Estate.
He could have surrendered his British passport to the Embassy for cancellation and applied to register a declaration of renunciation of British nationality otherwise you could say he was a bit of a hypocrite for espousing republican nonsense.

@SWP's back I see you edited your post. Just to clear up: I know Australia didn't pay anything I was stating that if he still held a British passport he himself made a small donation to the Crown Estate. We should thank him for his donation.
 
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I’m one of the 95% SWP refers to. However it strikes me as odd that the Isle of Man is a tax haven despite being part of the British isles.

This will all go away as whilst the practices are deemed immoral they aren’t illegal.
 
I’m one of the 95% SWP refers to. However it strikes me as odd that the Isle of Man is a tax haven despite being part of the British isles.

This will all go away as whilst the practices are deemed immoral they aren’t illegal.
It's a Crown Dependency with its economy set up to tempt companies and investment houses and is not part of the UK. The "British Isles" is a geographical term and also includes Ireland.


The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax[56] and a top rate of income tax of 20%.[57] A tax cap is in force; the maximum amount of tax payable by an individual is £120,000 or £240,000 for couples if they choose to have their incomes jointly assessed. The £120,000 tax cap equates to an assessable income of £589,550. Personal income is assessed and taxed on a total worldwide income basis rather than a remittance basis. This means that all income earned throughout the world is assessable for Manx tax rather than only income earned in or brought into the Island.

The rate of corporation tax is 0% for almost all types of income; the only exceptions are that the profits of banks are taxed at 10%, as is rental (or other) income from land and buildings situated on the Isle of Man.[58][59]

Offshore banking, manufacturing, and tourism form key sectors of the economy.[60] Agriculture and fishing, once the mainstays of the economy, now make declining contributions to the island's Gross Domestic Product (GDP).
 
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