-
What's your beef with it? The fact that it only focuses on the 60 most wealthy?
It's hard to sympathise with someone earning £50m each year - as in 50 last year, anoher 50 this year, 50 the next, and the year after that...oh look £200m in between Olympics. That's nice.
Purely anecdotal csb....
.... but of the maybe 100 or so hnwi I used to engage with I only ever heard of two electing to leave London.
One (French > Mexico) because the combination of school fees, housing and tax meant they thought the cost to quality of life wasn't worth it. The other (German > Germany) bitched about tax and Brexit, but really it was being involved in bitter litigation and being rinced by the legal system. All the others were bankers who unwillingly moved following Brexit changes.
Spending what was almost 10yrs of my career listening to people explain how everyone was about to leave has possibly made me a bit complacent.
I do like the idea of an exit tax though. Let's just lock that one in now anyway and apply it retrospectively.
hugo7-
What's your beef with it? The fact that it only focuses on the 60 most wealthy?
I'm not sure that's what it does. It basically says that 60 people earning more than £50m paid £3bn in tax. It doesn't say that plenty of other people in that bracket paid fuck all (or thereabouts). It reads as 'hurray for the ultra-rich, they do their bit, we don't need to look at their tax arrangements at all'.
-
What's your beef with it? The fact that it only focuses on the 60 most wealthy?
It's trying to big up how special these people are and how much of their 'hard earned' money they already pay. In its opening few paragraphs (which will be the most read) it also threatens the existential crisis of a rich people exodus.
It's a poorly written puff piece try to persuade the proles that the rich already pay their fair share and we should be lucky we get that.
kl
Soul
Puff piece for the rich today: https://www.bbc.co.uk/news/articles/cqlvggr9qz5o
BBC really has gone to shit