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I'm an American expat living in London. If I were to start a business, the first thing I would do is leave the UK. My perception is that access to the London ma
by bhickey 16y ago
I'm an American expat living in London. If I were to start a business, the first thing I would do is leave the UK. My perception is that access to the London market simply isn't worth dealing with the business climate here.
Sure, National Insurance is a great bargain in comparison to Social Security, but the tax rates are staggering. Even as a consumer, I find myself saving rather than spending -- I'd rather accept a forex risk than eat VAT.
People and capital have legs.
- Quarrelsome 16y agoWhich tax rates in particular? I run a small business in the UK and I don't find any of the taxes problematic relative to the money I can make off customers here.
- ig1 16y agoDon't take most of the money out of your company as a salary, rather pay yourself a minimum level wage and take the rest out as dividends, that way you don't have to pay NI on it.