What in the World are Foreign Emoluments? 🌏§
Imagine relaxing on a beach in the Bahamas 🏖️, enjoying the waves, and coconuts. Meanwhile, you’re earning a paycheck from a company based in… Tasmania! Welcome to the topsy-turvy world of foreign emoluments. Here’s the skinny — these are earnings received by a person who lives in the UK but is employed by a non-resident employer.