TaxCorporate TaxLewis Hamilton to remain Swiss tax exile

Lewis Hamilton to remain Swiss tax exile

Lewis Hamilton has said he will remain a tax exile in Switzerland after becoming the youngest Formula One champion at the weekend.

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.

Further Reading:

Hamilton
vows to remain a £4m tax exile in Switzerland, despite calls to come home

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