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25% => Players => Topic started by: FreddySTFC! on Sunday, May 21, 2017, 11:24:14



Title: Powers Residency
Post by: FreddySTFC! on Sunday, May 21, 2017, 11:24:14
I'm no expert on residency issues but I have been wondering lately about Powers decison to live in Switzerland. Surely he must be making a fair amount of money from his other business interests for him to justify living abroad. What would people consider to be the amount of money you would need to be making to move abroad for tax purposes?


Title: Re: Powers Residency
Post by: theakston2k on Sunday, May 21, 2017, 12:03:13
Less than you might think. With low cost airlines and what not 20 or 30 flights back to the U.K. and back could only cost around £5k so the tax benefits would more than pay for travel expenses.


Title: Re: Powers Residency
Post by: BambooToTheFuture on Sunday, May 21, 2017, 12:41:35
You considering a move Freddy?


Title: Re: Powers Residency
Post by: FreddySTFC! on Sunday, May 21, 2017, 13:03:56
Less than you might think. With low cost airlines and what not 20 or 30 flights back to the U.K. and back could only cost around £5k so the tax benefits would more than pay for travel expenses.
You've got your property costs in Switzerland to think about aswell, be that rent or a mortgage. If it was that cheap surely everybody would be at it?


Title: Re: Powers Residency
Post by: FreddySTFC! on Sunday, May 21, 2017, 13:04:20
You considering a move Freddy?
Unfortunately not!!


Title: Re: Powers Residency
Post by: theakston2k on Sunday, May 21, 2017, 13:27:19
You've got your property costs in Switzerland to think about aswell, be that rent or a mortgage. If it was that cheap surely everybody would be at it?
If it wasn't for the restriction on time you can spend in the UK a lot more would be at it. If you're worth a couple of million you could easily settle down in Switzerland.


Title: Re: Powers Residency
Post by: Bogus Dave on Sunday, May 21, 2017, 16:57:22
Not that I disbelieve him in the slightest, but has it ever been proven that he *does* live in Switzerland?


Title: Re: Powers Residency
Post by: tans on Sunday, May 21, 2017, 17:07:40
Got a house in Brize Norton i think


Title: Re: Powers Residency
Post by: garethgillman on Sunday, May 21, 2017, 17:45:30
Not that I disbelieve him in the slightest, but has it ever been proven that he *does* live in Switzerland?

If you wanted to find out, you could do it but is it worth the hassle and time? You would need to find which region / town he lives in then look at the property records..... so it's possible but probably not worth it.


Title: Re: Powers Residency
Post by: FreddySTFC! on Sunday, May 21, 2017, 17:53:06
If it wasn't for the restriction on time you can spend in the UK a lot more would be at it. If you're worth a couple of million you could easily settle down in Switzerland.
It's not just that though, it seems like an awful lot of hassle to save on a bit of tax. There must be so much red tape involved. You've either got to be incredibly tight or paying an awful lot of tax in this country to make it worthwhile! Does anybody know what his business interests outside of STFC are these days?


Title: Re: Powers Residency
Post by: The Artist Formerly Known as Audrey on Sunday, May 21, 2017, 17:58:28
It's not just a tax haven - they are also very discrete as to asking where the money comes from. Some people value their financial privacy highly.


Title: Re: Powers Residency
Post by: horlock07 on Monday, May 22, 2017, 08:25:47
When I saw the title I assumed he had got a DJ'ing gig to raise some income?


Title: Re: Powers Residency
Post by: pauld on Monday, May 22, 2017, 08:54:02
When I saw the title I assumed he had got a DJ'ing gig to raise some income?
:D All the youth coaches in the house say "Yeaahhhh"


Title: Re: Powers Residency
Post by: garethgillman on Monday, May 22, 2017, 09:33:23
It's not just that though, it seems like an awful lot of hassle to save on a bit of tax. There must be so much red tape involved. You've either got to be incredibly tight or paying an awful lot of tax in this country to make it worthwhile! Does anybody know what his business interests outside of STFC are these days?

1) Sports magazine (can't remember name but will come to me)
2) Horses
3) Property

Probably does a lot more but those are the most public

Money isn't always the main reason for moving abroad but will be a factor, the privacy can be a reason but he has been a Swiss resident for many years.


Title: Re: Powers Residency
Post by: otanswell on Monday, May 22, 2017, 10:16:09
Not that I disbelieve him in the slightest, but has it ever been proven that he *does* live in Switzerland?

This.


Title: Re: Powers Residency
Post by: otanswell on Monday, May 22, 2017, 10:17:01
Money isn't always the main reason for moving abroad

Course it isnt


Title: Re: Powers Residency
Post by: pauld on Monday, May 22, 2017, 10:33:21
Power's move to Switzerland was motivated primarily because of his great love of cheese, clearly


Title: Re: Powers Residency
Post by: Peter Venkman on Monday, May 22, 2017, 10:35:13
Power's move to Switzerland was motivated primarily because of his great love of cheese, clearly
This story checks out, I love cheese so moved to Somerset....I just don't have the money to move abroad.


Title: Re: Powers Residency
Post by: pauld on Monday, May 22, 2017, 10:42:36
This story checks out, I love cheese so moved to Somerset....I just don't have the money to move abroad.
So you're a poor man's Lee Power then? Booo!! Booo!! I blame you for Chard Town's inevitable relegation to Somerset Sunday League Div 4. And I demand you employ well-known local lightfinger "Burglar" Bob Smith as manager to restore some transparency and honesty to the club. Booo!!!


Title: Re: Powers Residency
Post by: RedRag on Monday, May 22, 2017, 10:46:33
Power's move to Switzerland was motivated primarily because of his great love of cheese, clearly
Your theory is full of holes


Title: Re: Powers Residency
Post by: Peter Venkman on Monday, May 22, 2017, 10:52:45
So you're a poor man's Lee Power then? Booo!! Booo!! I blame you for Chard Town's inevitable relegation to Somerset Sunday League Div 4. And I demand you employ well-known local lightfinger "Burglar" Bob Smith as manager to restore some transparency and honesty to the club. Booo!!!
Chard Town had a good season for them, 10th in the Western Football League Division One finishing above Devizes. Westbury and Calne.

And they won the Axminster Hospital cup ;)

Our old house overlooked the "extremely" sloping pitch!


Title: Re: Powers Residency
Post by: pauld on Monday, May 22, 2017, 11:33:22
Chard Town had a good season for them, 10th in the Western Football League Division One finishing above Devizes. Westbury and Calne.

And they won the Axminster Hospital cup ;)
Appalling complacency, Chard should be pushing for promotion to the Ligue Deux at the very least, you cheese-obsessed fiend!
Our old house overlooked the "extremely" sloping pitch!
Aha, so you admit it's all about a dodgy property deal then! Exposed!


Title: Re: Powers Residency
Post by: Peter Venkman on Monday, May 22, 2017, 11:41:32
In my defence I do love cheese :D