|
Roly,
I understand the feeling that the world should be fair. But it's not fair. You are your neighbour will never pay the exact same amount in taxes. There is always someone doing paying less and someone paying more than you.
Removing non dom may make things fairer in your eyes but that will only be on the surface. If non dom were removed this is what I predict would happen
1. Majority of non doms would move their wealth outside of the UK.
2. That would have a major effect on everything in London from businesses to real estate etc. In fact it's safe to say doing that would cause a real estate crash in london.
3. the rich people will still be paying less tax than you. Why? Because they'll be paying for better tax advice, better tax structures and will find another way to beat the system.
So end result. London suffers. The rich still get richer. You still pay more tax than them. How is that a good thing?
|