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[A] Barbie dolls in USA
[B] Barbie’s appeal
[C] Barbie’s appeal and iconic status
[D] Barbie, the most valuable toy brand
Text 13
There are many reasons why London is an attractive place in which to live and to do international business: the time zone, English, the shops, the theatre--and the taxes. A loophole in Britain’s law allows many foreigners to avoid paying tax on income generated outside Britain or on the disposal of foreign assets.
In most countries, a foreign resident’s "domicile" (home country) status is determined by objective criteria. In Britain, it’s largely up to the foreigner. So a Greek shipowner who has lived in Britain for years but says that he intends to move back to Athens when circumstances permit is treated differently from one who says he intends to settle in Britain.
So far, the Treasury appears inclined to caution. In the November pre-budget report, it stressed the need to balance tax fairness with the ability to attract skilled labour. But rich foreigners are keeping a close eye on the promised review. (419 words)
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