Capital Is Mobile

http://www.futureofcapitalism.com/2010/07/capital-is-mobile-1

The architect Norman Foster is quitting the British House of Lords ahead of a new rule requiring all peers to pay British taxes on their worldwide earnings, the New York Times reports in a culture-section brief: "Mr. Foster, who designed the Hearst Tower in New York, the London office building known as the Gherkin and the revamped Reichstag in Berlin, was the fifth peer to quit the House of Lords before a deadline on Wednesday after which members had to become British residents for tax purposes."

by Ira Stoll  |  Jul 8, 2010 at 9:40 am Related Topics:  Europe, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list