NSWE Investment

[VILLA MOLE]

I always see it that Countries tax policies are like companies competing for business .  But it must get to the point where is it worth keeping their business if they are paying so little tax  .  I guess it is a balancing act

[LeeB]

It's a myth that I'm not sure I can explain in a way you'd understand.

[frank black]

The filthy rich who live in this country pay a lot more in tax than most will ever do!

They also earn a lot more in one month then any of us will do in at least 10 years.

I'm wondering what it means by "relocation" though. Is he trying to avoid personal tax, trying to avoid corporate tax or is he removing all his businesses?

Whichever is the most tax efficient

At this level they probably enjoy the game that is tax avoidance / dodging / management what ever you wish to call it

Yep, see it everyday… what are the new tax rules? How do we get around them? That’s not just the rich, it’s everyone. Doing what’s best for them and their families.

The Rich can afford the best advisers worldwide and the most clever “schemes/methods”

[WassallVillain]

The filthy rich who live in this country pay a lot more in tax than most will ever do!

It’s likely that I pay a bigger proportion of tax on my wealth/earnings.

[Stu82]

The filthy rich can relocate at the drop of a hat. We can debate the ethics of this etc…. But ultimately the government need to come up with a tax regime that doesn’t shoot itself in the foot.

Spot on.
 I have no problem with taking more in tax from those who have lots more, to pay for the nations good.

I would really like to see some common sense bought to the wages of footballers, whose wages bare not relation to the average person, unlike 30 years ago.

[Hookeysmith]

It is interesting that every single one of us can choose to pay more tax if we want to

Yet i do not see a queue at the local offices to do so. Its easy to discuss  / slag off someone else with what they do with their money but the vast majority of us would do exactly the same.

[Dave]

It is interesting that every single one of us can choose to pay more tax if we want to

Yet i do not see a queue at the local offices to do so. Its easy to discuss  / slag off someone else with what they do with their money but the vast majority of us would do exactly the same.

Unless I've missed a thread on it, it doesn't appear to me that the vast majority of us are choosing to remove our assets from the UK.

[Demitri_C]

Probably  because we are not billionaires or even millionaires

Its easy for us to hate on them but in reality we have absolutely no idea what tax, or what thwy do or dont do with their  money.

As hook says we may even do the same id we were in their position who knows?

[Dave]

Probably  because we are not billionaires or even millionaires

So what? You're still free to try and move to a difference country and a different tax regime if you wish. And it looks like the vast majority are choosing not to do that.

[paul_e]

It is interesting that every single one of us can choose to pay more tax if we want to

Yet i do not see a queue at the local offices to do so. Its easy to discuss  / slag off someone else with what they do with their money but the vast majority of us would do exactly the same.

This is a pointless argument though. For most of society an extra 10% as tax would lead to a meaningful change in their lifestyle, not being able to afford to eat in the most extreme cases. For someone worth billions it would just be numbers going down a touch with no change to their ability to buy anything they can imagine.

As someone said earlier, being a billionaire means that you've chosen to horde wealth to the point where, in many ways, it borders on a mental illness. If someone horded other things to the degree that there wasn't enough for the rest of society to properly function we'd think they were a fucking loon. It's not quite the same but think back to the shaming of people for over-buying toilet paper during lockdown. Imagine how everyone would react if someone decided to gather up 95% of the beer produced in the country and just leave it unused in warehouses.

[cdbearsfan]

Its easy for us to hate on them

Yep. Easy and absolutely correct.

[Olneythelonely]

It is interesting that every single one of us can choose to pay more tax if we want to

Yet i do not see a queue at the local offices to do so. Its easy to discuss  / slag off someone else with what they do with their money but the vast majority of us would do exactly the same.

If I paid an extra 10% tax, the lifestyle changes I’d have to make would be fairly significant, 10% extra to a billionaire would mean they’d have to change almost nothing.

Sympathy towards millionaires is such a weird thing. I just about get the discussion around not wanting to drive them away (I don’t agree it’s a good enough reason to give them a pass).

Also, you shouldn’t assume everyone else has the same moral standards as you. Just because you’d avoid tax, don’t assume I would.

[cdbearsfan]

Quite right. Also, who queues at a local office to pay tax?

[pauliewalnuts]

Quite right. Also, who queues at a local office to pay tax?

Also, what is a "local office"?

[Hookeysmith]

How much money is the tipping point before socialist / communists start hating?

£50K your first million?  a couple of million? 

I agree with not liking the inherited "old money" lot that we have around the country but to slag off someone who through their own grit and work ethic, ambition or sheer innovative creative inventions have become super rich, is beyond me

Surely they are the inspiration for all of us to rise and make something of ourselves?

I dont look at a bloke in a Ferrari and say "wanker he should not have that" i would rather speak to him and find out how he did it so i could get one as well