HAL9000 Wrote: ------------------------------------------------------- > Actually, foreign money isn't taxed here - it's > only the earnings of those managers or > administrators who choose to be liable to UK > taxation that are taxed. That amount represents a > tiny fraction of the principal. > > The fact is, the UK is one of the best tax havens > in the world - as long as one is on the outside > looking in. It is in this case Hal. The foreign investors are not taxed, but 20% of the profit generated on their investments is attributed to the UK resident fund manager for the benefit of mostly UK beneficiaries and taxed in the UK at either corporate tax rates, capital gains tax or employment tax rates.