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