Norris Moves to Monaco
Discussion
https://www.planetf1.com/news/lando-norris-monaco-...
He expects criticism and the DM readers are already on his case....
He expects criticism and the DM readers are already on his case....
2 sMoKiN bArReLs said:
PH User said:
budgie smuggler said:
Meh, it's a dick move but they all do it.
Why is it?
HighwayStar said:
I really don't understand the upset it causes in this country.
Specifically in this country... it's a British trait to find a way to criticise anyone who does better than oneself!It's only certain sorts of people though. When you think about it... choosing to go out of your way to live in the drizzle for the sake of paying more tax than you legally need to is a dumb move. Therefore people that think he should do that mostly aren't going to have the best finances themselves - because their opinion proves they can't make sensible financial decisions. Plainly, that group of people will be particularly fed up that a young Lad gets to swan off to warm and sunny country and pay less % tax than they do on his millions.
tis what it is..
Let's be honest, we'd probably all do it if we could.
People moan about the tax aspect, but I think Hamilton mentioned that F1 drivers earn money in 23 different countries so have to pay the local taxes on top of what the UK want.
I think it was partly the reason the Indian GP failed, as the government were being a pain with tax.
People moan about the tax aspect, but I think Hamilton mentioned that F1 drivers earn money in 23 different countries so have to pay the local taxes on top of what the UK want.
I think it was partly the reason the Indian GP failed, as the government were being a pain with tax.
HighwayStar said:
There we go... Here they come. Lando is as we say, doing all right... got a few quid and a whole life ahead of him. Good luck to him. I really don't understand the upset it causes in this country.
Just wait until he starts winning races and championships!That latin phrase around the edge of a Pound Coin actually reads "Try hard but whatever you do, don't succeed".
Evanivitch said:
I know there's tax benefits, but are they amplified because of the nature of F1 driver's international earnings?
Nope, the opposite if anything. They pay a lot of tax to the countries they earn the money in in many cases. But their own personal income from their brand, the portion of their salary that can be attribute to non GP work effort etc, that is taxed at the country that income is registered at - which for Norris will soon be Monaco. Which is fair enough, a person should pay the tax due in the country they choose to live in.TheDeuce said:
Specifically in this country... it's a British trait to find a way to criticise anyone who does better than oneself!
.
Australians are very good at it as well. They love to knock people back to where they think they should be..
I never get the whole outrage over tax thing personally. Norris has probably paid more tax already than most people would in one (or even more) lifetimes and he's moving to another country rather than trying to take advantage of the UK while squirreling money away in off shore funds etc.
JoelH said:
I never get the whole outrage over tax thing personally. Norris has probably paid more tax already than most people would in one (or even more) lifetimes and he's moving to another country rather than trying to take advantage of the UK while squirreling money away in off shore funds etc.
Quite.And at a certain wealth level, you're virtually zero drain on whatever country you live in anyway. If Lando needs medical treatment for example, he's going to go to a private hospital. He's never going to draw a state pension, he'll have privately funded care in his old age etc etc etc.
Those complaining generally will go on to claim the above state benefits.
budgie smuggler said:
PH User said:
budgie smuggler said:
Meh, it's a dick move but they all do it.
Why is it?Like I said, I don't care though, it's legal, good luck to him.
budgie smuggler said:
PH User said:
budgie smuggler said:
Meh, it's a dick move but they all do it.
Why is it?Like I said, I don't care though, it's legal, good luck to him.
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