Scrapping non dom status

[BikeBikeBIke]

Rufus Stone said:

Mandat said:

Laffer curve in action.

You're happy for the country to be worse off as long as you stick it to the rich.

We dont need these parasites. Surely you don't think they live here for our benefit?

They eat out, buy cars, employ staff, pay tradesmen. They are bigger contributers than you and I, which is why it's been considered worth attracting them.

You think k the government are chasing them away for your benefit? Nope. They've just set a trap for the next government and you and are are paying the price.

[Rufus Stone]

BikeBikeBIke said:

They eat out, buy cars, employ staff, pay tradesmen. They are bigger contributers than you and I, which is why it's been considered worth attracting them.

You think k the government are chasing them away for your benefit? Nope. They've just set a trap for the next government and you and are are paying the price.

I do all those things too, and pay my fair share of tax.

[Mandat]

Rufus Stone said:

We dont need these parasites. Surely you don't think they live here for our benefit?

That fact that you see them as parasites, and want them to go, even if it hurts the economy / country, says it all.

[crankedup5]

said:

Of course they want to hang onto their money, but they also spend and invest which generates ‘trickle down prosperity’.

[BikeBikeBIke]

Rufus Stone said:

I do all those things too, and pay my fair share of tax.

Seriously? You pay as much tax as a non dom foreign billionaire? Including VAT? Including the tax and NI on your staff's salary?

Well great. We need more people like you, and I'm glad despite other countries desperate to attract you to their shores you've stayed with us and our climate.

Head down to your local Rolls Royce dealership and buy yourself a £250k car to reward yourself.

[tangerine_sedge]

Rufus Stone said:

BikeBikeBIke said:

They eat out, buy cars, employ staff, pay tradesmen. They are bigger contributers than you and I, which is why it's been considered worth attracting them.

You think k the government are chasing them away for your benefit? Nope. They've just set a trap for the next government and you and are are paying the price.

I do all those things too, and pay my fair share of tax.

This.

They want to live in the UK because despite what the Daily Mail says, the UK is safe, stable and allows them to keep their assets safe.

If they want the benefits of a stable society, then they can pay into it like the rest of us.

[Wombat3]

Killboy said:

Wombat3 said:

Define "tax dodge".

Bloke in question invests and builds businesses overseas but lives in the UK . Then employs people here and spends lots of money here.

If he lives here he should pay tax here?

Yes, on what he earns here.

[BikeBikeBIke]

tangerine_sedge said:

Rufus Stone said:

BikeBikeBIke said:

They eat out, buy cars, employ staff, pay tradesmen. They are bigger contributers than you and I, which is why it's been considered worth attracting them.

You think k the government are chasing them away for your benefit? Nope. They've just set a trap for the next government and you and are are paying the price.

I do all those things too, and pay my fair share of tax.

This.

They want to live in the UK because despite what the Daily Mail says, the UK is safe, stable and allows them to keep their assets safe.

If they want the benefits of a stable society, then they can pay into it like the rest of us.

You don't think people who generate vast amounts cash abroad and then spend it in tbe UK are paying into society?

I can't think of a better way to pay in than that. It's essentially exports where the product doesn't even leave the country. I can't think of a better win.

Do you apply the same logic to tourists?

[Rufus Stone]

BikeBikeBIke said:

Seriously? You pay as much tax as a non dom foreign billionaire? Including VAT? Including the tax and NI on your staff's salary?

Well great. We need more people like you, and I'm glad despite other countries desperate to attract you to their shores you've stayed with us and our climate.

Head down to your local Rolls Royce dealership and buy yourself a £250k car to reward yourself.

No I likely don't pay as much in monetary form. But you appear to not understand the concept of fair taxation. It's linked to the ability to pay. They could and should contribute more if they want to live here.

I sold my Bentley last year by the way.

[Vanden Saab]

tangerine_sedge said:

Rufus Stone said:

BikeBikeBIke said:

They eat out, buy cars, employ staff, pay tradesmen. They are bigger contributers than you and I, which is why it's been considered worth attracting them.

You think k the government are chasing them away for your benefit? Nope. They've just set a trap for the next government and you and are are paying the price.

I do all those things too, and pay my fair share of tax.

This.

They want to live in the UK because despite what the Daily Mail says, the UK is safe, stable and allows them to keep their assets safe.

If they want the benefits of a stable society, then they can pay into it like the rest of us.

They do pay, probably as much or more than the other 99.9% of the country. It is only tax on foreign income they do not pay in return for paying between £30 and £60 thousand as they still pay tax on all UK income.

[BikeBikeBIke]

Rufus Stone said:

BikeBikeBIke said:

Seriously? You pay as much tax as a non dom foreign billionaire? Including VAT? Including the tax and NI on your staff's salary?

Well great. We need more people like you, and I'm glad despite other countries desperate to attract you to their shores you've stayed with us and our climate.

Head down to your local Rolls Royce dealership and buy yourself a £250k car to reward yourself.

No I likely don't pay as much in monetary form. But you appear to not understand the concept of fair taxation. It's linked to the ability to pay. They could and should contribute more if they want to live here.

OK, so you want rich people to go away, and for you to contribute a bit more to make up the shortfall. Or do you want reduced public services to make up the shortfall?

...and that will make you happy becaise it's 'fairer'.

It's also fairer in the sense that someone who wasn't British is no longer contributing more than you to the economy. So the rich person can be well chuffed that they've stopped subsidising BBB and RS. It's also fairer in that investment that was being spent in a rich country may be spent elsewhere which is likely to be poorer.

All that fairness that you and I are paying for. Or more likely fairness that the poor are paying for because I suspect tax can't go higher so the shortfall will come out of expenditure.

[rohrl]

crankedup5 said:

bloomen said:

It's a rather odious concept, but such people are mobile and selfish so they'll simply pop elsewhere.

I would've thought if you add up what they spend here, and tax that can't be avoided like VAT, it'll end up being an overall loss if the status quo changes.

This ^^^^^

Non Dom’s will pack their bags and hop off to another anchor that offers more attractive T&C.

Good, let them go. Given that they’re avoiding paying tax here anyway why should we miss them?

[BikeBikeBIke]

rohrl said:

crankedup5 said:

bloomen said:

It's a rather odious concept, but such people are mobile and selfish so they'll simply pop elsewhere.

I would've thought if you add up what they spend here, and tax that can't be avoided like VAT, it'll end up being an overall loss if the status quo changes.

This ^^^^^

Non Dom’s will pack their bags and hop off to another anchor that offers more attractive T&C.

Good, let them go. Given that they’re avoiding paying tax here anyway why should we miss them?

Because we'll have to pay more or have less stuff when they've gone.

How much are you personally willing to pay to get rid of them? Or what public service are you willing to have less of to get rid of them?

Edited by BikeBikeBIke on Thursday 2nd May 18:22

[Rufus Stone]

BikeBikeBIke said:

Because we'll have to pay more or have less stuff when they've gone.

How much are you personally willing to pay to get rid of them? Or what public service are you willing to have less of to get rid of them?

Edited by BikeBikeBIke on Thursday 2nd May 18:22

How much less tax would we pay and how much better would our services be if they paid their fair share?

[Gecko1978]

Rufus Stone said:

Wombat3 said:

So are we better off as a result?

Don't know, don't care.

I have no time for people claiming they are doing us a favour living here and not paying their fair share.

But he will pay tax on UK earnings, VAT, Council Tax, Road Tax etc. He just won't pay PAYE on income earned (and taxed) over seas. So instead of making some money from him you would rather make zero and the UK be worse off....OK sounds like a great plan.....just who will make up the short fall

[Killboy]

BikeBikeBIke said:

Because we'll have to pay more or have less stuff when they've gone.

How much are you personally willing to pay to get rid of them? Or what public service are you willing to have less of to get rid of them?

Edited by BikeBikeBIke on Thursday 2nd May 18:22

How much tax do I have to pay to make up for someone not paying tax leaving?

[BikeBikeBIke]

Rufus Stone said:

How much less tax would we pay and how much better would our services be if they paid their fair share?

That wasn't an option.

We can have foreign money through VAT and their spending and their staff's Tax and NI or they can go elsewhere.

They're isn't an option of them pay UK tax on their foreign earnings. If that was an option thee wouldn't ever have been a non dom deal. It would have been needless.

Yes. We were unfairly helping ourselves to some foreign money. Now we're not. Yay, fairness.

[Gecko1978]

Rufus Stone said:

BikeBikeBIke said:

They eat out, buy cars, employ staff, pay tradesmen. They are bigger contributers than you and I, which is why it's been considered worth attracting them.

You think k the government are chasing them away for your benefit? Nope. They've just set a trap for the next government and you and are are paying the price.

I do all those things too, and pay my fair share of tax.

Again unless you are buying £20m flats in London you are paying in less

[Killboy]

Gecko1978 said:

Again unless you are buying £20m flats in London you are paying in less

How much does a £20m flat in London get taxed?

[Gecko1978]

Rufus Stone said:

BikeBikeBIke said:

Because we'll have to pay more or have less stuff when they've gone.

How much are you personally willing to pay to get rid of them? Or what public service are you willing to have less of to get rid of them?

Edited by BikeBikeBIke on Thursday 2nd May 18:22

How much less tax would we pay and how much better would our services be if they paid their fair share?

You clearly can't understand this. He pays tax on his income. If it's overseas he pays it there, if its UK he pays it here. To be Non Dom he also pays about 60k a year. Plus all tax on spending an stsff costs. His fair share is number that does not exist as he is leaving. So we either get some money or zero money and loose jobs he creates....doesn't sound like a win to me