Thousands of Company directors leave UK after Labour's tax changes

unmole wrote: post #5

jaggs wrote: post #4

Good riddance. Tax leaches, the lot of them. If you earn, you should contribute your fair share to your domicile society.

Yeah, chasing away net tax contributors is a major policy win. /s

If they're offshoring the money and/or living off rent instead of building productive businesses and investing in the future, their net contribution is negative.

Re: Thousands of Company directors leave UK after Labour's tax changes

#8

Post by beardyw » Wed, Aug 06, 2025, 8:26 AM UTC

unmole wrote: post #5

jaggs wrote: post #4

Good riddance. Tax leaches, the lot of them. If you earn, you should contribute your fair share to your domicile society.

Yeah, chasing away net tax contributors is a major policy win. /s

They weren't chased away, they were asked to pay tax like the rest of us. Poor darlings. /s

Re: Thousands of Company directors leave UK after Labour's tax changes

#9

Post by ZeroGravitas » Wed, Aug 06, 2025, 8:32 AM UTC

Are they technically leaving if they are "non-domiciled"? That means their official home for tax purposes was never the UK.

It also means the tax difference of them leaving is near zero surely?

Re: Thousands of Company directors leave UK after Labour's tax changes

#10

Post by unmole » Wed, Aug 06, 2025, 8:32 AM UTC

TheOtherHobbes wrote: post #7

unmole wrote: post #5

Earlier quoted context omitted.

Yeah, chasing away net tax contributors is a major policy win. /s

If they're offshoring the money and/or living off rent instead of building productive businesses and investing in the future, their net contribution is negative.

Even in this straw man hypothetical, the exchequer is better off having more VAT paying residents.