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Rosberg: Schumi took F1 to 'a new low'; legitimising dangerous tactics
Topic Started: Jan 6 2010, 10:51 PM (1,913 Views)
John
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Rob,Jan 11 2010
06:13 PM
John,Jan 11 2010
11:47 AM
look up the UK and Monaco and Switzerland while your at it... <whistle>

You planning on moving? :D

Well that all depends on which six numbers are dawn in the National Lottery this week (and how many ways the jackpot is split) <whistle>
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P1
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John,Jan 11 2010
07:08 PM
Norbert,Jan 11 2010
04:59 PM
So why did he change nationality for F1 then?  Maybe his dad (who after all, drove for Mac as well as Williams) had a word with Norbert who told him that he;d have to be German to race for him?

<devil>

Nico raced as a Finn (or at least with a Finnish flag by his name) but has always been a German national and as far as I am awear speaks little Finnish but German as his first language...

as for why the flip flop?... who knows, who cares, it obviously suited him to be either at some point <think>

Just for the record:

Nico Rosberg was born in Wiesbaden Germany but holds dual nationality, both German and Finnish. Early part of his career he was racing under a Finnish license, probably natural as his father promoted him forward and Nico also drove for his father's F3 team. Moving up the classes he chose to switch to get a German license instead, as he was adviced this would make it easier to get commercial deals/potentially attract larger sponsors for him.

He lived most of his life in Monaco and speaks fluent German, English, Italian, Spanish and French, but only limited Finnish (think he earlier himself once said 'none' during an interview on TMC. As his mother does not speak Finnish, they never spoke it at home).
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John
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That is quite indepth... thanks
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Norbert
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Red Andy,Jan 11 2010
07:23 PM
Norbert,Jan 11 2010
05:41 PM
I'm going to go and look up the income tax rates for Germany and Finland.  I wonder which will be lower?

Taxation is usually based on residence rather than nationality, is it not?

Nico has lived in Monaco for most of his life.

Which of course means his taxes are rather less than either countries he could claim nationality of.....

<whistle>
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John
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but unlike most GP drivers he didn't move there to reduce his tax burden, he already live there... that of course does not mean he wouldn't move to Monaco had he resided in Finland/Germany
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AndyW76
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John,Jan 13 2010
08:19 PM
but unlike most GP drivers he didn't move there to reduce his tax burden, he already live there... that of course does not mean he wouldn't move to Monaco had he resided in Finland/Germany

He probably would. Though I seem to remember a certain driver exploiting a loophole (now closed) in Swiss law that effectively registered him as unemployed in the eyes of the tax man (as motorracing is illegal in Switzerland).
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Norbert
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AndyW76,Jan 14 2010
10:11 AM
John,Jan 13 2010
08:19 PM
but unlike most GP drivers he didn't move there to reduce his tax burden, he already live there... that of course does not mean he wouldn't move to Monaco had he resided in Finland/Germany

He probably would. Though I seem to remember a certain driver exploiting a loophole (now closed) in Swiss law that effectively registered him as unemployed in the eyes of the tax man (as motorracing is illegal in Switzerland).

Well, to be fair, Mr Schumacher isn't the first (or only) driver to live in Switzerland. Jackie Stewart did it for the same reasons, and is perfectly happy to say so in his autobigraphy - several of his racing mates did the same things and advised him to do it. At the time jackie was racing, the top tax band in the UK was something stupid like 80-90% IIRC. One quote in his book is that a rich business man tipped him somthing like a shilling for filling his car up. The bloke said 'it may not look like much, son, but it cost me a Pound to give you that!'.
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John
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Schumacher needed all the tax breaks he could get... after all he was loosing 20% of all his pre-tax earnings to Willi Weber <roflmao>
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AndyW76
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Norbert,Jan 14 2010
10:14 AM
AndyW76,Jan 14 2010
10:11 AM
John,Jan 13 2010
08:19 PM
but unlike most GP drivers he didn't move there to reduce his tax burden, he already live there... that of course does not mean he wouldn't move to Monaco had he resided in Finland/Germany

He probably would. Though I seem to remember a certain driver exploiting a loophole (now closed) in Swiss law that effectively registered him as unemployed in the eyes of the tax man (as motorracing is illegal in Switzerland).

Well, to be fair, Mr Schumacher isn't the first (or only) driver to live in Switzerland. Jackie Stewart did it for the same reasons, and is perfectly happy to say so in his autobigraphy - several of his racing mates did the same things and advised him to do it. At the time jackie was racing, the top tax band in the UK was something stupid like 80-90% IIRC. One quote in his book is that a rich business man tipped him somthing like a shilling for filling his car up. The bloke said 'it may not look like much, son, but it cost me a Pound to give you that!'.

Well, OK, I was refering to Schumacher but I know it is an old trick. Just that the German press make a song an dance about it.
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Norbert
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Why give it to the tax man if you don't have to? After all, you don't cost the country twice as much as someone who earns half of what you do. I still firmly believe that all taxable income should be taxed at the same rate. Why in the UK you are required to pay double on any earnings past £37-ish K is beyond me. If I was to earn an extra ten grand or more this year, I would not require twice the level of support from the country. I would still be living in the same place, doing the same job, and travelling to the same places, by road or by rail. I do not use public libraries, I very rarely have cause to use our medical facilities, and even if I did if I was to, say, break my leg would it cost twice as much to plaster just because I earned more than a set amount of money? No. It's all about targeting the people who actually do some work, rather than those who can't be arsed. A huge number of people out of work are not working because it's easier to live on benefits. Get the able bodied to work, and suddenly, the cost of their benefits is lost, AND you get more tax revenue. Also, when tax rates were reformed many years back and the top rates reduced, MORE tax was actually brought in. Why? because those who wanted to avoid the rates I mentioned previously were suddenly quite happy to pay tax when it was at a lower rate, and offset the cost of tax against the cost of not requiring a good accountant helping them avoid it.
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AndyW76
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Well, being on the higher band (The 40% rate is only applied to the money you earn over that threshold, all earnings below that are still taxed at 22%) I believe that all taxation should be based on income. The hidden taxes that we have to pay harm the ecconomy because they push up the cost of living and it is hard to assess what the taxman takes from us (though that is to the governments advantage I guess).
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Norbert
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Middle band is 20% atm, isn't it?
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Rob
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AndyW76,Jan 14 2010
04:31 AM
Norbert,Jan 14 2010
10:14 AM
AndyW76,Jan 14 2010
10:11 AM
John,Jan 13 2010
08:19 PM
but unlike most GP drivers he didn't move there to reduce his tax burden, he already live there... that of course does not mean he wouldn't move to Monaco had he resided in Finland/Germany

He probably would. Though I seem to remember a certain driver exploiting a loophole (now closed) in Swiss law that effectively registered him as unemployed in the eyes of the tax man (as motorracing is illegal in Switzerland).

Well, to be fair, Mr Schumacher isn't the first (or only) driver to live in Switzerland. Jackie Stewart did it for the same reasons, and is perfectly happy to say so in his autobigraphy - several of his racing mates did the same things and advised him to do it. At the time jackie was racing, the top tax band in the UK was something stupid like 80-90% IIRC. One quote in his book is that a rich business man tipped him somthing like a shilling for filling his car up. The bloke said 'it may not look like much, son, but it cost me a Pound to give you that!'.

Well, OK, I was refering to Schumacher but I know it is an old trick. Just that the German press make a song an dance about it.

Lewis got more that his fair of trashing for moving to Switzerland IIRC. In the end though who can blame the drivers.
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AndyW76
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Norbert,Jan 14 2010
12:27 PM
Middle band is 20% atm, isn't it?

Yeah, though they did get rid of the 10p band at the last budget.
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John
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Rob,Jan 14 2010
03:14 PM
AndyW76,Jan 14 2010
04:31 AM
Norbert,Jan 14 2010
10:14 AM
AndyW76,Jan 14 2010
10:11 AM
John,Jan 13 2010
08:19 PM
but unlike most GP drivers he didn't move there to reduce his tax burden, he already live there... that of course does not mean he wouldn't move to Monaco had he resided in Finland/Germany

He probably would. Though I seem to remember a certain driver exploiting a loophole (now closed) in Swiss law that effectively registered him as unemployed in the eyes of the tax man (as motorracing is illegal in Switzerland).

Well, to be fair, Mr Schumacher isn't the first (or only) driver to live in Switzerland. Jackie Stewart did it for the same reasons, and is perfectly happy to say so in his autobigraphy - several of his racing mates did the same things and advised him to do it. At the time jackie was racing, the top tax band in the UK was something stupid like 80-90% IIRC. One quote in his book is that a rich business man tipped him somthing like a shilling for filling his car up. The bloke said 'it may not look like much, son, but it cost me a Pound to give you that!'.

Well, OK, I was refering to Schumacher but I know it is an old trick. Just that the German press make a song an dance about it.

Lewis got more that his fair of trashing for moving to Switzerland IIRC. In the end though who can blame the drivers.

I think timing was a factor, most drivers last a few years before making the move, but Lewis was earning the mega buck rather early, also it coincided with silly local event like his local supermarket (before the move was announced) dedicated hi own personal parking place only for him to announce a few days/weeks later he was relocating.

I wish it was a decision I had to make... (moving for tax reasons)
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