Dictionary
domiciles
noun
Plural of domicile
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Exact(36)
This, they say, puts them on a par with their European rivals.But, says Michael Graetz, of Yale Law School, such foreign domiciles can also be used to avoid taxes on profits earned in America by, say, using offshore entities to re-label profits as tax-deductible interest.
These serve as domiciles for more than 2m companies and thousands of banks, funds and insurers.
There are pockets of silliness: the pharmaceutical industry is in a frenzy of "inversion" deals, in which American firms buy foreign ones in order to switch their domiciles and avoid American tax rules.
And the House oversight committee has found that before the 2010 election the IRS handed 1.1m pages of tax information on non-profit groups to the FBI a big no-no.American tax law is so complex and burdensome that more and more big firms are fleeing the country for friendlier domiciles (see article).
As soon as we get on board any kind of public transport, teenage boys and girls, men and women, even elderly ladies jump up and beckon us over, even if we are just going a couple of stops.Correspondents love to complain about their foreign domiciles, but we also can give credit where it is due, and Hungary deserves high marks for its child- friendly culture.
In Brazil, Jamaica, Haiti, Suriname (the former Dutch Guiana), Cuba, Puerto Rico, St. Vincent, Guyana, Dominica, Panama, Colombia, and Mexico and from the Amazon River Basin to the southern United States, primarily Florida and the Carolinas, there are well-known domiciles of the maroons.
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"The government recognises that non-domiciled individuals ('non-domiciles') can make a valuable contribution to the UK economy – through the money they spend here, the funds they invest, the skills they bring as employees and the tax they pay".
British politicians, for instance, sometimes talk about scrapping their country's rule on resident non-domiciles because it allows wealthy people domiciled abroad, often in tax havens, to live in Britain tax-free.
The Tories will be pleased that Fallon's tough language managed to shift the campaign focus away from the its perceived defence of non-domiciles who avoid tax.
Growing in parallel with the City of London, they came to specialise in housing the offshore wealth of Europe's rich (especially Britain's non-domiciles) attracting fund structures, trusts, banking assets and insurance vehicles through their favourable tax regimes.
The committee called for "additional hurdles" to be placed in the path of non-domiciles to hamper attempts to use the UK for libel actions when the case has no obvious connection with this country.
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