Scrapping non dom status
Discussion
Killboy 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?
How much tax do I have to pay to make up for someone not paying tax leaving?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
The economics is the same. It's essentially an export.
If you can understand how foreign tourists contribute to an economy you can understand how non doms do.
BikeBikeBIke said:
Think foreign tourists.
The economics is the same. It's essentially an export.
If you can understand how foreign tourists contribute to an economy you can understand how non doms do.
Do we allow foreign tourists to stay in the UK indefinitely? What public services do foreign tourists use?The economics is the same. It's essentially an export.
If you can understand how foreign tourists contribute to an economy you can understand how non doms do.
BikeBikeBIke said:
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.Regardless, the more important thing is about fairness, that everyone has the same tax rules. You live here, you pay tax here, not some people getting to pretend they live in another country despite the evidence, such as being married to our PM and living at 10 Downing St, saying otherwise. People seeing society as fair is vital to the fabric of society. I’d have thought people who have such strong views on immigrants integrating would have been all for this, but apparently that only applies to “poor” immigrants.
Killboy said:
Well thats a once off, and him selling up will give us more of it?
Only if the cash was from abroad. Otherwise you're just moving that 10pc about within the UK economy. Plus the overall value of the property drops if there's less demand.You understand why exports are good, don't you?
BikeBikeBIke said:
Only if the cash was from abroad. Otherwise you're just moving that 10pc about within the UK economy. Plus the overall value of the property drops if there's less demand.
You understand why exports are good, don't you?
Is it exports? Exports you're making a loss on aren't great are they?You understand why exports are good, don't you?
Rufus Stone said:
crankedup5 said:
Plenty of choice for non dom’s in this World, they will do what this guy is doing, off to a more welcoming Country that understands the value of skills and money of an individual.
Wrong. They will go where they can keep more of their no doubt hard earned millions. It's ironic guy gave more to the Tory party than he did the country and is now upset he got no benefit from it.
Will you be happy to use whatever state services his taxes have paid for, or should they all be shut down?
Dingu said:
BikeBikeBIke said:
Stamp duty. Tradesmen. Staff. Estate agents. A bloody fortune, all of it coming into the economy from outside. It's a supercharged export.
They aren’t taking the house with themClue: The good thing about exports is the incoming cash. Not the outgoing goods.
Killboy said:
WestyCarl said:
I'm no expert on non-dom but wouldn't stamp duty be something like 10% of the price?
Well thats a once off, and him selling up will give us more of it?I suspect there will also be many ongoing costs, I'm pretty sure rich people don't just purchase a £20m house and leave it empty to go to ruin.
WestyCarl said:
Of course it's a one off but a good amount (for referance google tells me the UK average houshold paid £550k income tax in their lifetime)
I suspect there will also be many ongoing costs, I'm pretty sure rich people don't just purchase a £20m house and leave it empty to go to ruin.
It's terrifying people need this stuff explained. I suspect there will also be many ongoing costs, I'm pretty sure rich people don't just purchase a £20m house and leave it empty to go to ruin.
Dingu said:
BikeBikeBIke said:
It's terrifying people need this stuff explained.
It’s incredible people think non dom status meaningfully helps tax income or any other economic benefit. For every person who goes another will come.
Why are you so keen to pay more tax?
Everybody you remove from the tax net means a higher cost for everyone else. And for what?
WestyCarl said:
Of course it's a one off but a good amount (for referance google tells me the UK average houshold paid £550k income tax in their lifetime)
I suspect there will also be many ongoing costs, I'm pretty sure rich people don't just purchase a £20m house and leave it empty to go to ruin.
If that house stands empty or event drops in value a significant portion, I'll agree. But something tells me these will a sell, and people will continue to fund all these additional revenuesI suspect there will also be many ongoing costs, I'm pretty sure rich people don't just purchase a £20m house and leave it empty to go to ruin.
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