There are many contractors within FR that choose to pay nothing in taxes. This is foolish as all the Revenue need to do is to ask Brookfield or FR for a list of contractors and voila they can start hunting you down.
As to how much and where you pay tax you need professional advice from an accountant with experience in the aviation sector. Many factors will need to be taken into account:-
- your residency for tax purposes which can be influenced by where you live & whether you maintain a property elsewhere
- if you set up a company then where will it be based eg: IOM, Channel Islands etc.
Its a very complicated area and from speaking with guys I know in the industry and particularly within FR many people bury their heads in the sand. They might get away with it in the short term but it could just as easily go pear shaped.