Quote:
Originally Posted by Shap
Make no mistake the majority of people on non dom are here because of the tax situation. You remove it and 90% are gone. You may say GREAT leave the UK we want a level playing field and they can leave if they aren't going to pay tax. But those same people are buying million pound homes, spending big dollars in restaurants and stores. Remove them from the economy and watch the unemployment rate sore and the establishments throughout the core of london struggle and maybe even shut down.
I agree Non doms do not contribute their fair share if you are comparing contribution as a percentage of wealth/income. But I would venture to say the average non dom contributes double what the average person contributes to the UK economy as a whole (tax plus economical benefit for the UK).
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those buying million pound homes in london are just making london unaffordable for most people. that doesn't help anyone. and as far as "trickle down" ecconomics goes that's bullshit, why should an average worker pay 1/3 of his salary in tax and a wealthy person who can afford it pay nothing?
and as far as "Remove them from the ecconomy and watch the unemployment rate sore and the establishments throughout the core of london struggle and maybe even shut down." new york, LA, Paris, Barcelona aren't struggling and they don't have these antiquated tax rules that were setup 300 years ago and have no relevance now.