We only want poor people in this country!
From the FT Big read,The slowdown is just one sign of the anxiety among UK residents with non-domicile tax status. The changes were set in motion in July when chancellor George Osborne unveiled an overhaul of a system in place since 1799 — when William Pitt the Younger was prime minister and Britain was fighting France.
The regime was created in part to shelter those with foreign property from wartime taxes. It has meant that, for more than 200 years, individuals claiming non-dom status have been able to live and work in Britain without being subject to tax on gains and income earned and kept outside the country.
The Conservative government has declared that the rules can give rise to “unfair outcomes”, and Mr Osborne has set out to overhaul them.
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In the 2013-14 tax year, 114,300 non-doms were registered in the UK. The group ranged from relatively low-paid workers such as teachers to prominent businessmen like Lakshmi Mittal, the steel magnate, media baron Viscount Rothermere and Roman Abramovich, owner of Chelsea football club.
Under Mr Osborne’s proposals, foreign residents who have lived in the UK for more than 15 of the past 20 years will be deemed domiciled in the UK for the purposes of income tax, capital gains tax and inheritance tax fromApril 2017. They will have to open their international business affairs to the scrutiny of HM Revenue & Customs, which could land many of them with a vast tax bill.
http://www.ft.com/intl/cms/s/0/b482fc4e-c4f4-11e5-b3b1-7b2481276e45.html#axzz45X9TE9jY
Why the rich countries are stalling ? Because the Governments are always doing policies they know would harm them in the long run but look good on paper
In my country Government is always on the look for stupid ideas
Abolish students national exams (same tests for everybody at the same time)
raise minimum wages
legalize temporary jobs
I would prefer in a country with many rich people than in one where there are only people like me!
I thought Brits where smarter
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