martincymru wrote:scenario:
UK man is tax resident in Singapore for 5 years. Employee of Company in Sg (HQ is in Sq) now wish to send him to UK to perform work starting May 1st 2013 ending Jan 10th 2014. He will go back to Sg Jan 11th 2014.
He has asked for salary uplift of 30% for 8 months to cover UK income tax (50%uk -20%sg).
Let’s assume Company has agreed.
However what if the UK man has offshore investments. He will now have to pay tax at 50% of the interest. The Company refuses to reimburse the loss.
What to do? Anybody got direct experience of this?
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