slcbiker said:Many athletes of all sorts have official residences in Monaco for tax purposes. Boonen's another example. Whether they actually live there is a different matter.
As to this, I'd say it's actually good news. Even if some people are getting by the bio-passport as Kohl implied, some are getting caught. Any progress in that direction is good as far as I'm concerned. I just wish it were faster.
Susan Westemeyer said:Didn't Cipollini get in a whole lot of tax trouble for something very much like that?
Susan
Yes Susan, you are right in what you say there. For example, in the UK, if you are a British citizen claiming expatriate tax rights (ie. you live abroard) then you are only allowed to live in the UK for a mximum of 90 days per year or face an income tax bill from HM Treasury. I do not know the complete ins and outs of Monaco Taxation and/or residency policy, nor do I know the Netherlands policy either but I can certainly imagine that the Netherlands policy is similar to those here in the UK. Hence, if he was in the Netherlands for a certain period of time over and above the stated allowed time, he may have been committing tax fraud, same as any other person doing similar actions.
Please note i'm not saying that tax fraud has been committed here, i'm just stating UK regulations on residency of British citizens for tax purposes (hopefully this will stop any angry posts). Also, I am disappointed that this result has been released as I did like Thomas Dekker, but i'm not surprised for once.