John Carew

[ChicagoLion]

Always amazes me that rich people like this do not have decent accountants to address all this shit

If you believe some on here, that's an oxymoron.

[dcdavecollett]

Silly John!

Just get American citizenship, declare yourself to be a corporation and so pay minimal tax.

Job's a good 'un!

[ChicagoLion]

Silly John!

Just get American citizenship, declare yourself to be a corporation and so pay minimal tax.

Job's a good 'un!

I can tell you from experience, it really is not that simple.

[CT Villan]

Silly John!

Just get American citizenship, declare yourself to be a corporation and so pay minimal tax.

Job's a good 'un!

I can tell you from experience, it really is not that simple.

Seconded !

[ChicagoLion]

Silly John!

Just get American citizenship, declare yourself to be a corporation and so pay minimal tax.

Job's a good 'un!

I can tell you from experience, it really is not that simple.

Seconded !

Its a common misconception that the US is a low tax country.

[Risso]

It depends where in the US you're based.

[ChicagoLion]

It depends where in the US you're based.

Not really.Federal Tax is the same everywhere.

[Risso]

It depends where in the US you're based.

Not really.Federal Tax is the same everywhere.

Yes I know, 21% which compared to most countries is low. Each state then adds on their own percentage, which I think vary between something like 2% and 12%. Something like that, I don't do much US work.

[paul_e]

Delaware always used to the be the 'low-tax' state but I think that's changing now. For a while a huge amount of the 'tech bro' companies were based there.

[Risso]

Delaware always used to the be the 'low-tax' state but I think that's changing now. For a while a huge amount of the 'tech bro' companies were based there.

It'll probably always be the corporation capital of the US. Ongoing lack of transparency being the main reason, but it's also got the infrastructure.

[darren woolley]

Don't these footballers with all this money have accountants to do there tax returns.

[paul_e]

Delaware always used to the be the 'low-tax' state but I think that's changing now. For a while a huge amount of the 'tech bro' companies were based there.

It'll probably always be the corporation capital of the US. Ongoing lack of transparency being the main reason, but it's also got the infrastructure.

Yes, indeed, I mean the low tax part is changing, it's about 10th lowest state now I think.

[Rory]

Delaware always used to the be the 'low-tax' state but I think that's changing now. For a while a huge amount of the 'tech bro' companies were based there.

It'll probably always be the corporation capital of the US. Ongoing lack of transparency being the main reason, but it's also got the infrastructure.

Which, I believe, was also one of the reasons Fight Club (the book) was set there.

[paul_e]

Don't these footballers with all this money have accountants to do there tax returns.

Carew's problem isn't really about paying tax but rather about residency. There are very strict rules on tax in Norway whereby if you spend more than a certain numbers of days in the country you have to pay tax as a resident, him, or someone working for him, miscaculated the number of days so incorrectly believed he didn't need to pay tax.

[Risso]

Don't these footballers with all this money have accountants to do there tax returns.

Carew's problem isn't really about paying tax but rather about residency. There are very strict rules on tax in Norway whereby if you spend more than a certain numbers of days in the country you have to pay tax as a resident, him, or someone working for him, miscaculated the number of days so incorrectly believed he didn't need to pay tax.

It seems ridiculously extreme to send him to prison for what seems like a case of negligence rather than a concerted effort at lillegal evasion. I'm not saying the UK system is perfect, but over here it goes something like:

Do your best to illegally hide your income and assets and don't fess up when found out - criminal charges and possible prison
As above, but hold your hands up and pay up when told to do so - pay the tax, plus big penalty (sometimes 2 x the tax evaded) plus interest. Probably no prison.
Use of a clever avoidance scheme found not to work at a tribunal - penalties and interest, HMRC publishing your name and them watching your every step for the rest of your days
Careless mistake/negligence - depending on the severity, maybe penalties, maybe not, but definitely interest on the tax outstanding.