Rich tax-dodgers were bluffing

[JohnD]

The very rich don't believe they should pay taxes.

They are so offended by the idea that they "threaten" to run away and live somewhere else.

"Josephine Cumbo in London
Published YESTERDAY

The number of “non-doms” dropped by less than 1 per cent immediately after UK ministers confirmed the end of the favourable tax status, further undermining claims that tougher rules would trigger an exodus of wealthy individuals.

About 73,400 individuals claimed non-domiciled taxpayer status in 2024-25, a fall of 0.5 per cent or 400 compared with the previous year, according to figures published by HM Revenue & Customs.

The decrease reflected roughly 8,600 “newly arrived” non-domiciled taxpayers in the period, while 9,000 people exited the category.In the 2023-24 tax year, about 10,000 people were classified as “newly arrived” non-domiciled taxpayers, while 11,200 exited the category.

Thursday’s data follows surveys, largely based on anecdotal evidence, suggesting that former chancellor Rachel Reeves’ tax policies would prompt huge numbers of wealthy individuals to flee Britain."

FT.com

 

[motorbiking]

The very rich don't believe they should pay taxes.

Citation needed

They are so offended by the idea that they "threaten" to run away and live somewhere else.

looks like 8,600 did and if they are all on a million income - thats a 3.5bn loss

"Josephine Cumbo in London
Published YESTERDAY

The number of “non-doms” dropped by less than 1 per cent immediately after UK ministers confirmed the end of the favourable tax status, further undermining claims that tougher rules would trigger an exodus of wealthy individuals.

About 73,400 individuals claimed non-domiciled taxpayer status in 2024-25, a fall of 0.5 per cent or 400 compared with the previous year, according to figures published by HM Revenue & Customs.

The decrease reflected roughly 8,600 “newly arrived” non-domiciled taxpayers in the period, while 9,000 people exited the category.In the 2023-24 tax year, about 10,000 people were classified as “newly arrived” non-domiciled taxpayers, while 11,200 exited the category.

Thursday’s data follows surveys, largely based on anecdotal evidence, suggesting that former chancellor Rachel Reeves’ tax policies would prompt huge numbers of wealthy individuals to flee Britain."

FT.com

see above

 

[Odds]

Citation needed

The number of wealthy non-dom taxpayers shrank by 1,200 last year amid warnings that Labour’s tax rises could push even more rich people offshore.

looks like 8,600 did and if they are all on a million income - thats a 3.5bn loss

see above

Meanwhile, the number of non-doms arriving in the country dropped 14pc to 8,600. A further 800 “deemed-domicile” taxpayers – former non-doms who have since become British tax residents – also quit the UK, for an overall net reduction of 1,200.

 

[Odds]

Britain’s most persecuted minority: multi-millionaires​

 

[diy_fun_uk]

There could be varying degrees of bluffing by 'the rich' when it comes to them being taxed more. The 'we'll leave' thing.

Only way government would know for sure is to implement higher taxes and see what happens.

 

[motorbiking]

The number of wealthy non-dom taxpayers shrank by 1,200 last year amid warnings that Labour’s tax rises could push even more rich people offshore.


Meanwhile, the number of non-doms arriving in the country dropped 14pc to 8,600. A further 800 “deemed-domicile” taxpayers – former non-doms who have since become British tax residents – also quit the UK, for an overall net reduction of 1,200.

The citation needed was for the claim

The very rich don't believe they should pay taxes.

which is of course a lie.

On your net claim, link, those coming in has fallen and those going out has increased- that actually proves the reverse argument.

 

[motorbiking]

There could be varying degrees of bluffing by 'the rich' when it comes to them being taxed more. The 'we'll leave' thing.

Only way government would know for sure is to implement higher taxes and see what happens.

It's not a simple choice to leave or stay, those who have left will be out for a while. meanwhile everyone else is taxed to make up the gap.

 

[diy_fun_uk]

It's not a simple choice to leave or stay, those who have left will be out for a while. meanwhile everyone else is taxed to make up the gap.

Not disagreeing, my wider point was government talk about doing stuff year in year out, decade in decade out (not just referring to this, tons of stuff) and it goes nowhere.

Only way we'd ever really know if the mega rich would leave is to implement some of these tax changes and see what happens.

I might say to Virgin Media 'if you increase my monthly package from £80 per month to £100, I'll leave you!!!', Virgin Media apply the increase and I end up staying with them.

Idle threats etc.

 

[motorbiking]

We'd have much higher tax income, if our tax system progressed down as well as up.

So for example lets say once a Person earns 1M, their rate goes to back to 40% for income over and then £5m would drop to 20% for income over. Then say 10% for over £10m

Then we'd have them flooding in and paying taxes.

 

[noseall]

The very rich don't believe they should pay taxes.

They are so offended by the idea that they "threaten" to run away and live somewhere else.

"Josephine Cumbo in London
Published YESTERDAY

The number of “non-doms” dropped by less than 1 per cent immediately after UK ministers confirmed the end of the favourable tax status, further undermining claims that tougher rules would trigger an exodus of wealthy individuals.

About 73,400 individuals claimed non-domiciled taxpayer status in 2024-25, a fall of 0.5 per cent or 400 compared with the previous year, according to figures published by HM Revenue & Customs.

The decrease reflected roughly 8,600 “newly arrived” non-domiciled taxpayers in the period, while 9,000 people exited the category.In the 2023-24 tax year, about 10,000 people were classified as “newly arrived” non-domiciled taxpayers, while 11,200 exited the category.

Thursday’s data follows surveys, largely based on anecdotal evidence, suggesting that former chancellor Rachel Reeves’ tax policies would prompt huge numbers of wealthy individuals to flee Britain."

FT.com

All bluff and bluster these millionaires.

F**k em

 

[motorbiking]

All bluff and bluster these millionaires.

F**k em

and their taxes.

 

[Ihavenojob]

I might say to Virgin Media 'if you increase my monthly package from £80 per month to £100, I'll leave you!!!', Virgin Media apply the increase and I end up staying with them.

I said that to VM, they reduced my payments, I said the same for several renewals, each time I got a reduction, or extras for the same price. One year they said "No, the price is the price, take it or leave it", so I left.

 

[Mottie]

There could be varying degrees of bluffing by 'the rich' when it comes to them being taxed more. The 'we'll leave' thing.

Didn’t someone on here try that bluff - said they were leaving because the Brexit vote didn’t go the way they wanted but in reality, they weren’t wanted in the country they claimed to be moving to so 7 years later they’re still here? Oh, yeah. Now I remember…

 

[Murdochcat]

And hypocrites like Gary Linekar fight HMRC for years about his dodgy returns and then say he should pay more

Can’t have it both ways

 

[diy_fun_uk]

I said that to VM, they reduced my payments, I said the same for several renewals, each time I got a reduction, or extras for the same price. One year they said "No, the price is the price, take it or leave it", so I left.

And?