11–20 of 31 posts
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
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?
They were still paying taxes on any UK income.
> It also means the tax difference of them leaving is near zero surely?
Only if you assume they didn't pay any VAT.
Earlier quoted context omitted.
Yeah, chasing away net tax contributors is a major policy win. /s
Yea... except they arent net tax contributors. They are taking advantage of a tax code to not have to pay. They hurt local economies.
They almost certainly are. Even if you assume they didn't earn any UK income, they were still paying VAT.
Good riddance. Tax leaches, the lot of them. If you earn, you should contribute your fair share to your domicile society.
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?
Now we just need to deal with all the overseas territories and their tax arrangements. Do those count as "in the UK"? I believe not. But they benefit from the UK defense umbrella.
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.
Is there any evidence for this fine theory that you constructed in your head?
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?
> That means their official home for tax purposes was never the UK. They were still paying taxes on any UK income. > It also means the tax difference of them leaving is near zero surely? Only if you assume they didn't pay any VAT.
Good riddance. Tax leaches, the lot of them. If you earn, you should contribute your fair share to your domicile society.
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?
This was great for people who just want to come to the UK to work say in finance for a few years but don't want to move their inheritance regime or finances from other countries. It was much fairer than most people make it out to be since most other countries dropped the double taxation agreement if you opted for this, therefore you would also pay tax in your origin country.
Good riddance. Tax leaches, the lot of them. If you earn, you should contribute your fair share to your domicile society.
Actually this is very ignorant. I was one of these, left April 3rd. - These people contribute a lot, they employ people, start businesses, spend a lot... Most of them don't even use the NHS. All things that stimulate and contribute the economy tremendously. - In my case my nestegg was going to be taxed a lot more since it was optimised for tax somewhere else, moving it is complicated and risked UK inheritance tax whi…
I also find it very difficult to be sympathetic to folks who feel that their large amount of money earns them the right to minimize the payment of taxes in the country they live. It just seems a little selfish to me. Sorry about that.