{"id":9806,"date":"2023-06-27T08:33:04","date_gmt":"2023-06-27T07:33:04","guid":{"rendered":"https:\/\/www.taxpolicy.org.uk\/?p=9806"},"modified":"2023-09-10T22:50:49","modified_gmt":"2023-09-10T21:50:49","slug":"citizenship","status":"publish","type":"post","link":"https:\/\/heacham.neidles.com\/2023\/06\/27\/citizenship\/","title":{"rendered":"Citizenship-based taxation. Should all UK citizens pay tax in the UK, even if they live abroad?"},"content":{"rendered":"\n
No. It’s a terrible idea. Here’s why.<\/em><\/strong><\/p>\n\n\n The UK taxes individuals based on their residence. If you live in the UK for 183 days in one tax year (or more than 90 days if you have a home here)1<\/a><\/sup>It’s a bit more complicated than that<\/a>, but these days the rules are fairly clear and sensible<\/span> then you are \u201cresident\u201d in the UK, and subject to UK tax on all of your income and gains for that year.2<\/a><\/sup>Unless you are a “non-dom”, which is a whole other story<\/a><\/span><\/p>\n\n\n\n The problem with this from some people’s perspective is that it becomes remarkably easy to stop being subject to UK tax. Simply quit the UK. Plenty of wealthy people skip the UK to move to tax havens, often just before making large capital gains.3<\/a><\/sup>It’s occasionally claimed that people don’t move in response to higher tax rates. Most of this is based on studies of people moving from relatively highly taxed US States to relatively lowly taxed states. It’s not applicable to the very wealthy moving to tax havens, which is hard to study statistically (too few people) but very easy to assess empirically (there’s no other reason a Brit would choose to live in Monaco<\/span> You can be sure we’d see more of that if the UK was about to introduce a hefty wealth tax<\/p>\n\n\n\n Whether you call this \u201ctax avoidance<\/a>\u201d and\/or think it’s immoral is a personal question on which different people will have different views. But – as long as they are really spending 270 days abroad every year, and don’t come back within five, then leaving the UK is absolutely a proper, legal and 100% effective way to escape UK tax.<\/p>\n\n\n The US does things differently – it has “citizenship-based taxation”. <\/p>\n\n\n\n The way this works is that US citizens (and green card holders) are fully subject to US tax on their worldwide income and gains, no matter where they live. So you cannot escape US tax by moving to Panama. You can escape US tax by surrendering your citizenship – but that comes at the price of a hefty exit tax (which broadly eliminates all the immediate benefit of escaping US taxation).<\/p>\n\n\n\n Interestingly there is almost no other country that does this.4<\/a><\/sup>People sometimes cite Eritrea, but that looks more like<\/a> gangsterism than tax<\/a>.<\/span><\/p>\n\n\n\n But, on the face of it, if you want to stop billionaires from leaving the UK and escaping UK tax, this is the approach to adopt.<\/p>\n\n\n\n (You may, alternatively, regard such an approach as immoral, and think that no country has the right to tax people who want to leave – but I’m going to park such political questions and look at the practicalities)<\/p>\n\n\n The problem is that you would be paying tax in two places. A Brit living in France would pay UK tax (because they are a British citizen) tax plus French tax (because they are resident in France). <\/p>\n\n\n\n On the face of it, this shouldn’t be a problem, because the UK has double tax treaties<\/a> with France and most other countries which in principle stop you from being taxed twice on the same income. And certainty in a simple case where you have \u00a3100 of income then the US and UK won’t both apply their full rate of tax to that income. But the problems go beyond simple double taxation. <\/p>\n\n\n\n We can get a sense of the issues by looking at the difficulties currently faced by US citizens (subject to US worldwide taxation) resident in the UK (and subject to UK worldwide taxation).<\/p>\n\n\n\n Here’s how it goes:<\/p>\n\n\n\n These are unfair outcomes for normal people, particularly people who can’t afford lots of tax advice. Billionaires can cope with it; doctors and IT workers, not so much.<\/p>\n\n\n\n So if the UK adopted citizenship-based taxation then you might regard that as a “win” for taxing the very wealthy. But it would hurt many ordinary people who choose to live abroad.<\/p>\n\n\n\n That’s why the US is the only developed country that taxes on the basis of citizenship. Why does it do that? Some combination of: changing the US tax system is very hard, US expats don’t have valuable votes and so the campaign to change the law<\/a> gets nowhere, and the US is big enough and bad enough to get away with things that other countries can’t.<\/p>\n\n\n One idea would be to keep citizenship-based taxation, but only for people who move to tax havens.<\/p>\n\n\n\n The problem with this is that there are many countries that behave exactly<\/strong> like tax havens for Brits who move there. Singapore, Israel, Portugal, even Italy, don’t tax, or barely tax, the income of a wealthy Brit who moves there. So our list of \u201ctax havens\u201d would have to either be very long, or full of holes. <\/p>\n\n\n\n And if the UK introduced a wealth tax, then almost every other country would be a \u201ctax haven\u201d from that wealth tax, because only a handful of countries these days impose a wealth tax.<\/p>\n\n\n I think there are two.<\/p>\n\n\n\n One is to have no problem with people leaving the UK if they choose, and escaping UK tax. You can justify this on the principled grounds that everyone has a right to vote with their feet, or the pragmatic grounds that people may be less likely to come here, and entrepreneurs less likely to stay, if we hit them with a large tax bill when they leave.5<\/a><\/sup>The US doesn’t have an obvious problem with that, but this arguably goes back to the US being uniquely big and bad enough to have a citizenship-based taxation system.<\/span><\/p>\n\n\n\n The other is to say that in some cases, where a person has accrued lots of untaxed capital gain during their time in the UK, the UK should have a right to tax it if they leave. I think that’s worth more thought, and will be writing more about it soon. <\/p>\n\n\n\n But citizenship-based taxation is unfair and unjust.<\/p>\n\n\n\n Photo by James Giddins<\/a> on Unsplash<\/a><\/p>\n\n\n\n No. It’s a terrible idea. Here’s why. How the UK system currently works The UK taxes individuals based on their residence. If you live in the UK for 183 days in one tax year (or more than 90 days if you have a home here) then you are \u201cresident\u201d in the UK, and subject to […]<\/p>\n","protected":false},"author":1,"featured_media":10177,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[139],"tags":[],"jetpack_featured_media_url":"https:\/\/heacham.neidles.com\/wp-content\/uploads\/2023\/06\/james-giddins-ufnZ3kJwgSo-unsplash.jpg","_links":{"self":[{"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/posts\/9806"}],"collection":[{"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/comments?post=9806"}],"version-history":[{"count":21,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/posts\/9806\/revisions"}],"predecessor-version":[{"id":11238,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/posts\/9806\/revisions\/11238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/media\/10177"}],"wp:attachment":[{"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/media?parent=9806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/categories?post=9806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/tags?post=9806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How the UK system currently works<\/h2>\n\n\n
The US alternative<\/h2>\n\n\n
Where citizenship-based taxation goes wrong<\/h2>\n\n\n
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Surely there’s a way to do the good stuff and not the bad stuff?<\/h2>\n\n\n
So what’s the answer?<\/h2>\n\n\n
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