Obviously Gibraltar would be a prime choice given that the bookies themselves seem to be partial to the territory, good weather, same language plus the tax treatment would be the same as mainland UK. However property prices out there seem astronomical to me. I don't suppose any of you good bookie folk out there have a few small back offices that we can rent? Maybe some tips on wining and dining out there?
Personally I find Gibralter a bit ugly anyway so next on the list was Monaco with its tax free status. However with even higher property prices and the prospect of paying over €10 for a hotdog made me think twice about that one. Maybe this is more in Peter's price range but not mine

I think the perfect compromise would have to be Andorra. Totally income tax free, great for skiing in winter and hiking in summer, plus just a couple of hours away from beaches in Spain and France. Catalan can be a problem though, I speak serviceable French and Spanish and yet many of them flatly refuse to speak either of these, even though they know the languages. As for english, forget it!
Of course I suppose with a proxy server and an account in the right country, frankly you could trade from anywhere without paying.
A full list of different countries tax rates can be found here http://en.wikipedia.org/wiki/Tax_rates_around_the_world . The 3-5% rate in Jamaica looks pretty interesting for the more adventurous levy dodgers out there, with 5 hours time difference at this time of year racing would start at 9AM and you'd be done by lunchtime, leaving the rest of the day to enjoy paradise (in a state of the art bullet proof vest
