Onshore or offshore?

Last year saw a huge array of measures designed to overhaul expenditure, raise tax and find ways to address unprecedented government debt. What we can take from the year that has gone is that we face a long, sustained period of high taxation. The introduction of the 50 per cent additional rate of tax for those with a total income of more than £150,000, together with a tapered annual personal allowance for those earning more than £100,000, has been confirmed as more than a short-term measure. While the limits are aimed at the highest earners at the moment, the creation of this new income ...