He’s obviously talking his own book, but there does seem to be genuine concern that the government’s analysis of the non-dom crackdown suggests that, yes, it will lead to a reduction in tax revenue. Because many of these people can in fact just move…
He’s obviously talking his own book, but there does seem to be genuine concern that the government’s analysis of the non-dom crackdown suggests that, yes, it will lead to a reduction in tax revenue. Because many of these people can in fact just move…
https://www.independent.co.uk/news/uk/politics/rachel-reeves-budget-non-dom-changes-tax-b2619863.html
Actually the article you posted indicates it will fail to raise extra. Not lead to a reduction.
As these folks are using the status to avoid paying tax now. Them leaving just means they have to find a new nation to not help fund.
It is not likely to raise extra money. But is likely to remove those profitting from the investmment others make in our inferstructure.
Thos could be argued to open up the field for investers who actually want to fund our nation.