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August 25, 2009 - Goanet's 15th Anniversary
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http://www.bloomberg.com/apps/news?pid=20601109&sid=alNiweY01.Mk
Excerpt:
Americans are heading home as Britain plans a 50 percent tax rate for those who
earn more than 150,000 pounds ($248,000) a year and employers cut benefits for
workers living abroad, reducing the allure of London. That comes a year after
the U.K. said foreigners who have lived in the country for more than seven
years must pay 30,000 pounds annually or give up the special status that
shields overseas income from British taxes.
“Expats feel the tone has changed; it’s less welcoming,” said Mark Tilden, a
consultant at CRA International Inc. who wrote a report for the City of London
last year on the impact of taxation on corporate relocation decisions.
“London’s ability to attract talent has gone down.”
[end of excerpt]
