402. Taxation

Study the tax laws. The most iniquitous tax you will ever pay is the one you impose on yourself (by failing to find out how to avoid it.) At the very lowest level of tax education, you should at least find out and list all the tax reliefs you can find. Then list the ones that definitely apply to you and enter them on your tax return. Next, find methods for applying the rest to yourself. Every day study a new loophole in the system and take a step towards benefiting from it. Seek to maximise the tax-deductible expenses in your life. Read a section of the Department of Finance website and the Revenue Commissioners website and take notes ! Every 6 months conduct an in-depth review of your tax situation. Vow never to pay a penny more in taxws than you have to. Keep your bookkeeper busy !

186. Offshore

Consider moving your domicile (official country of residence) to the Channel Islands - Gurnsey or Sark for instance, as the Tax implications are favourable. Sark has a 0% Income Tax rate while Gurnsey is 20%. Do your own research to check out the feasability of such a move. There is a good ferry service and Gurnsey has an international airport. (From the Financial Times)