Lewis Hamilton has said he will remain a tax exile in Switzerland after
becoming the youngest Formula One champion at the weekend.
Hamilton, who is from Hertfordshire, said he would continue to live in
Switzerland ‘for the moment’, the Daily Mail reported, in a decision that will
cut his tax bills by at an estimated £4m-plus a year.
His thrilling victory on Sunday in the Brazilian Grand Prix could put
Hamilton on course to become the world’s highest paid sportsman.
His decision to remain a tax exile disappointed fans to a BBC Radio Five Live
phone-who complained that Hamilton’s triumph was sullied by his decision last
year to move abroad.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states