Paying Taxes Has Its Use

There have been many instances where the rich were forced to leave their country of birth or ply to “escape” to countries with better tax laws.  Tax abroad plays a huge role in where you ply your trade, whether it is acting, business or sport.

Ikea founder Ingvar Kamprad escaped his native Sweden for the country of chocolates Switzerland.  He left his country of birth in the 1970”s due to the high taxes imposed by the Swedish Government, especially on those that earn a high income.  The billionaire plans to return to Sweden later this year after the Swedish Government reduced their income taxes.

In Football, the English Premier League and French Ligue 1 attract some of the biggest names in the sport but the amount of tax paid on their income often play a huge role when star players are looking for greener pastures, with Spain and Russia having some of the lower income tax percentages.

Tax payer’s money has a number of uses.  The rich are often the ones having to pay a lot more due to their sufficient income.  The use of this money thus becomes even more important to the different countries, and it can be used to address a number of issues that the country may face at the time.  It is not uncommon for residents of a particular country to jump ship to another country, and this practice won’t stop in the near future, with the worldwide economic crisis playing a huge role in people trying to have the least amount of tax deducted from their income.