If 25% of the non-doms leave the UK, the new tax regime will gain the UK’s coffers nothing. If half leave, the government will have a £12.2 billion ($14.3 billion) hole to fill.
Replies
The rich (people & companies) like to think they can leave a country if in their mind taxation becomes too burdensome. But they still make their money in the country they've left. Tax that. And add an onerous tax if they make money in a country where they do not reside. Sounds simple. Maybe it is...
jun 21, 2025, 1:20 pm • 1 0 • view
thank you @bylinetimes.bsky.social for showing us which ‘News’ organisations act in bad faith. What a load of twaddle.
jun 21, 2025, 7:23 am • 1 0 • view
This headline as with so many others is based on a report from Henley & Partners, a firm that talks up the departures of millionaires because its business is helping the departure of millionaires. Their statistics don’t stack up. Less than 2% of millionaires have moved as a result of tax changes.
jun 21, 2025, 6:42 am • 40 3 • view
The only accurate statistics on non-Dom residency predate the tax changes www.gov.uk/government/s...
jun 21, 2025, 6:56 am • 4 0 • view
I once went to a party way out of my social circle - CEOs, Art Dealers, movie producers, etc. Every conversation eventually turned to tax avoidance. Some had even chosen to live 180 days in another country away from their children so they could lower their tax rate. They are obsessed with taxes.
jun 21, 2025, 7:20 am • 7 1 • view
I do AV. A lot of Those gigs are wealth managers. Can confirm
jun 21, 2025, 8:16 am • 0 0 • view
And if they pay all their tax, they're still going to end up better off than almlost everyone else.
jun 21, 2025, 7:47 am • 3 0 • view
No it won't.
jun 21, 2025, 7:36 am • 1 0 • view
This is such an old and sad argument. The rich always say that they are good for the economy & create employment etc. American Republicans say the same. Of course it's true. BUT even the lowest paid worker contributes to the economy! They should ALL pay tax proportionly to their ability and income!
jun 21, 2025, 6:41 am • 4 0 • view
Why taxing the rich less makes absolutely NO SENSE! In every country the same BS arguments: "but what if all the billionaires leave the country?!" As if a billionaire has "his money" within the country on a bank account, wtf
jun 21, 2025, 6:35 am • 16 3 • view
Right? And why is everyone so eager to keep them around anyway?
jun 21, 2025, 7:37 am • 3 0 • view
Fuck you, eat the oligarchs
jun 21, 2025, 6:55 am • 2 0 • view
Err no reply to the gaslighting
jun 21, 2025, 6:36 am • 4 0 • view
Did a billionaire write this?
jun 21, 2025, 6:40 am • 18 0 • view
Billionaire linked business
jun 21, 2025, 7:05 am • 3 0 • view
Billionaires' lickspittles then.
jun 21, 2025, 7:27 am • 5 0 • view
Yes, they even have their own party, Reform which advocates the same tax avoidance.
jun 21, 2025, 10:17 am • 0 0 • view
We've had much higher taxation for the wealthy in the past and they didn't leave. Because not one will suffer one iota if they have to pay taxes. They literally will not notice any difference to their lifestyle.
jun 21, 2025, 4:43 pm • 1 0 • view
So you’re saying we should introduce a wealth tax on assets held here, and a tax on where corporate profits are made rather than where they are registered to solve that problem? Great idea!
jun 21, 2025, 6:50 am • 6 2 • view
Non doms only pay tax on U.K. earnings. If they left, that earnings potential doesn’t just disappear as this sort of narrative suggests. It would be taken up by others. This is typical billionaire disinformation.
jun 21, 2025, 6:54 am • 5 2 • view
I mean, come on, let's inject a bit of honesty. "Non-doms". Not domiciled in UK. So how can they *leave* the UK? Unless it's some kind of scam and they actually live here... And aren't they "non-doms" precisely *because* they are avoiding paying tax in UK?
jun 21, 2025, 7:45 am • 4 0 • view
They can always relocate to the minimal tax laws of the Middle East, where I’m sure they’ll appreciate their respect for human rights.
jun 21, 2025, 9:03 am • 1 0 • view
Their wealth comes from us. If billionaires don’t want to pay the tax on the wealth they’ve extracted from us and our economy, they are quite welcome to fuck off and not extract wealth from us and our economy. It’s very much a two-way street, that.
jun 21, 2025, 7:13 am • 17 0 • view
Hear, hear.
jun 21, 2025, 7:35 am • 2 0 • view
It’s a global race to the bottom, unfortunately. Thankfully, wealthy individuals don’t always consider tax as their main reason for choosing a place to live. If they did, they’d all be living in Dubai.
jun 21, 2025, 7:16 am • 2 0 • view
So offer other things like stability, happiness and a clean environment.
jun 21, 2025, 6:46 am • 2 0 • view
The figures seem astonishingly high - let’s see the workings Can we ask “more or less”
jun 21, 2025, 8:31 am • 0 0 • view
The Laffer Curve is some fantasy bullshit a drunk drew on a cocktail napkin
jun 21, 2025, 8:16 am • 2 0 • view
Maybe those non-doms could have a good long think, and decide to contribute towards a fair and equal society, no? I mean, nobody ever frames this for what it is; extremely wealthy people hoarding wealth and denying funds to the public purse. Why?
jun 21, 2025, 8:50 am • 1 0 • view
So let’s try 24% and see how it goes - ‘cos the Harsmworth’s et al aren’t exactly contributing to the good of the nation
jun 21, 2025, 6:42 am • 3 0 • view
The greedy rich are the very worst of the world. Imagine the good they could do if they just paid their taxes.... like the rest of us do!
jun 21, 2025, 6:40 am • 7 0 • view
Try taking those Belgravia properties and Scottish estates on your way out of the door. It’ll take more than a removal’s van.
jun 21, 2025, 8:47 am • 1 0 • view
Yeah. Sad. Byeee
jun 21, 2025, 6:38 am • 4 0 • view
This is such a lie! Kissing the asses of the wealthy NEVER helps anybodys economy and they NEVER bail when you raise their taxes. This is a scam, because anyone who leaves their own country because of taxes is going to have to pay taxes wherever the decide to end up and who wants them anyway?
jun 21, 2025, 7:36 am • 5 1 • view
If we tax their fixed assets that can't leave the country with them ....
jun 21, 2025, 6:43 am • 3 0 • view
Bullshit meter: peaked
jun 21, 2025, 7:34 am • 2 0 • view
Perhaps write articles on the responsibility and privilege of paying taxes. Take responsibility to build cultures of altruism and gratitude. Start holding people in esteem who are deserving.
jun 21, 2025, 7:12 am • 7 0 • view
Well then eat the rich....
jun 21, 2025, 7:09 am • 2 0 • view
Let’s try it and see at least. Fuck the rich. My hope is all developed countries take headlines on taxing those pricks so they eventually can’t run anywhere. Also, wonder who owns Bloomberg News and whether they would have an interest in tax rates for the wealthy………….
jun 21, 2025, 11:22 am • 0 0 • view
None of them are going anywhere. Their corrupt, thieving fingers are in too deep here to uproot and move. Besides, they like the scene, they like the snobbishness even though genuinely posh people treat them and their nouveau-riches with utter and justifiable contempt.
jun 21, 2025, 6:39 am • 21 0 • view
Why lie and make stuff up. There has been no exodus. Typical right wing propaganda to try and scare people into letting the Rich not pay tax and hoard the countries wealth taxjustice.net/press/millio...
jun 21, 2025, 9:32 am • 1 0 • view