“In America they applaud people who create wealth,” Sir Jim added. “Unfortunately the UK has got a bit of a green eye towards wealth at the moment.”
Rachel Reeves axing of the “non-dom” system, a status that allowed individuals to only pay tax on income generated in the UK, is blamed for many of the exits.
I say good riddance. Most of them were tax dodgers who likely weren’t paying much tax anyway.
Earlier this year Gary Linekar and over 100 other British millionaires asked prime minister Andy Burnham to increase their wealth tax as they can “afford it”.
Flamekebab@piefed.social 3 days ago
Create wealth? If you’re not putting most of it back into the system, you’re not creating wealth, you’re hoarding it.
Parasite.