PPRuNe Forums - View Single Post - EK: is the potential tax liability too great for US pilots?
Old 2nd Apr 2014, 02:34
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twentyyearstoolate
 
Join Date: Aug 2011
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Do not try to spread fear with the statement that all western pilots have to pay tax on earnings made overseas. In the UK, having had a professional tax return specialist, the tax man wrote to tell me not to file any returns anymore. The reason for this is, I do not make my money in the UK, nothing I have in the UK is making money above the taxable income band and it costs the inland revenue time and money to process a return that gives them nothing.

If you want to hold a passport for your democratic USofA, then you have to pay for it and will continue to pay. Have a look at the US national debt clock, the US is in deep poo and they need you to keep paying them wherever you are so they can continue to generate revenue which is spent, but not on paying off the debt.
And you really think Governments won't change this to become more restrictive? Jack.... you're dreaming son! (I wish I were wrong!!)

As to the UK, I don't know your personal situation. But I was looking at getting a home there to go on my days off, but with the new tax ruling that came in effect April 2013, having ANY ties with the UK, even a house that you only use occasionally, you will be deemed resident for tax. Although they have purposely made it a grey area, your "tax specialist" is wrong if he is just quoting you earning your money overseas makes you safe. Not so! Go read the new ruling!

I'd better go, as I have so many other websites to spread the fear of governments and taxation

Last edited by twentyyearstoolate; 2nd Apr 2014 at 02:35. Reason: spelling
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