Country with most lenient tax law towards poker income? - Page 3

punter11235 · #21 11-25-2005, 09:22 PM

The point is that if you are not US citizen you can legally earn money in another country not paying high taxes. For example if my country decide to tax poker winnings I can go to UK and legally play there and have my money without paying taxes. I can even come back to Poland if I hve resident status in UK and then spend whatever I want without paying polish taxes. Of course if you are US citizen then you are screwed.

Best wishes

EDIT: Probably I can even go to Thailand and pay their taxes if they have any without caring about my mother country. Viva UE !

Rudbaeck · #22 11-25-2005, 09:24 PM

Well, if we want to be really cheap, and we do, don't we, then you should also look into things like how good is the socialised health care? How good are public schools? That sort of thing. Then there is the cost of living. How expensive are groceries, living, a restaurant meal?

If I were you I'd go with a EU country which doesn't tax gambling winnings. The UK is probably the easiest, you already speak the language. It's a somewhat dreary place to live though, unless you love cold rain.

No idea on their immigration laws though.

KaneKungFu123 · #23 11-25-2005, 09:27 PM

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Of course if you are US citizen then you are screwed.

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NH.

#24 11-25-2005, 10:04 PM

What would I be paying as income tax and other taxes in the UK if poker was my only source of income? Obviously they will find it fishy that I am paying bills without a job. What AM I obligated to pay if I am living in the UK? Theres no way I can live there and get away without paying any taxes on all of my income is there? No income tax period in my case? I don't see how that would fly..

KaneKungFu123 · #25 11-26-2005, 12:28 AM

[ QUOTE ]
What would I be paying as income tax and other taxes in the UK if poker was my only source of income? Obviously they will find it fishy that I am paying bills without a job. What AM I obligated to pay if I am living in the UK? Theres no way I can live there and get away without paying any taxes on all of my income is there? No income tax period in my case? I don't see how that would fly..

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why cant you just stay there on a tourist visa, then leave and come back when it expires, telling them nothing about your gambling earnings. Canada no longer can tax you because you arent living there (i think these are their rules)?

#26 11-26-2005, 02:58 AM

I haven't paid anything to Canada EVER, and I doubt I would suddenly be liable to them if I moved to the UK. If I moved to the UK I would like to be able to get residency. I still don't really know what all I would be responsible for paying , as I don't see how I could get by without paying any income tax whatsoever while living there. If Revenue Canada is capable of coming after people, surely the UK has some way of combating this as well, right? And if not the UK itself, the European whatever courts can I think. Everyone I ask gives me different answers to the same questions as far as tax law goes for ANY country, and this is a PITA . [img]/images/graemlins/frown.gif[/img]

KaneKungFu123 · #27 11-26-2005, 03:19 AM

[ QUOTE ]
I haven't paid anything to Canada EVER, and I doubt I would suddenly be liable to them if I moved to the UK. If I moved to the UK I would like to be able to get residency. I still don't really know what all I would be responsible for paying , as I don't see how I could get by without paying any income tax whatsoever while living there. If Revenue Canada is capable of coming after people, surely the UK has some way of combating this as well, right? And if not the UK itself, the European whatever courts can I think. Everyone I ask gives me different answers to the same questions as far as tax law goes for ANY country, and this is a PITA . [img]/images/graemlins/frown.gif[/img]

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Do you have a family? Otherwises, I dont understand why you want residency unless you just want to avoid having to leave the country every so often. Perhaps you can apply for a visa for studying or volunteering for a orphanage.

If you do have a family, I have no idea how that works (getting residency as a pro gambler).

KaneKungFu123 · #28 11-26-2005, 03:20 AM

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What would I be paying as income tax and other taxes in the UK if poker was my only source of income?

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I dont think you pay anything, ever.

Rudbaeck · #29 11-26-2005, 05:49 AM

[ QUOTE ]
What would I be paying as income tax and other taxes in the UK if poker was my only source of income? Obviously they will find it fishy that I am paying bills without a job. What AM I obligated to pay if I am living in the UK?

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There is a small property tax, and that's about it as far as I can gather. Been entertaining the idea of moving there myself if the upcoming legislation on poker income swings the wrong way here in Sweden.

MadMat · #30 11-26-2005, 07:41 AM

You would have to pay council tax to the local authority where you live, varies by price of the property you live in, my 3 bedroom house in Essex costs me £800 a year roughly.

A large part of UK taxation is made up of sales taxes and duties, so while you wouldn't incur income tax on your poker profits you will pay 17.5% sales tax (we call it V.A.T.) on just about everything you buy this is generally already included in the ticket price on the items in the shops. (basic foodstuffs, books and childrens clothing are about the only things exempt from this)

Petrol is very expensive compared to the US due to fuel duties - expect to pay £4 ($8) a Gallon

If you smoke or drink you'll get hit hard with duties there, Expect to pay around £4 ($8) for a pack of 20 ciggies, £2 ($4) for a pint of beer in a pub(more in nightclubs or upmarket places) and £15 ($30) for a bottle of Jack Daniels from a supermarket.

OTOH The tipping epedemic that is so wdespread in the US hasn't taken hold in these shores yet, so you can walk the streets without being expected to give handouts to everyone you deal with on a daily basis!

Mat