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Tax avoidance to stimulate investment to help the economy is to me more useful than non Dom tax avoidance on personal assets that sit in property/bank accounts. One, if audited and tuned properly, creates jobs. The other just puts more £ in the pockets of one person.
I don't know how you can say that with such certainty.
The pro case for non-dom is that it brings people to live and work (partly) in the UK that otherwise would not be incentivised to as they would drag all of their global assets into the UK tax net. I don't think it's a particularly strong argument, but then I also think there's a load of tax-advantaged investment that doesn't stimulate the real economy.
NickCJ-
After the last set of non-dom reforms it was shown to have very little effect on non-doms entering or leaving the country, so that argument, as you say, is extremely weak.
(This twitter thread is worth a read: https://twitter.com/arunadvaniecon/status/1621087079999639559) -
As an ordinary immigrant who doesn't get non-dom status and always pays full tax and spends here money here, em, tough shit?
Non-dom is not tied to spending a certain amount in the UK is it?
As in, OK, you get this tax advantage but you must employ x people at y wage? Or buy goods such and such that generate real benefits to the local economy?
slippers
JWestland
Tax avoidance to stimulate investment to help the economy is to me more useful than non Dom tax avoidance on personal assets that sit in property/bank accounts.
One, if audited and tuned properly, creates jobs. The other just puts more £ in the pockets of one person.