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I had to look this up [1] as it doesn't make any sense. Turns out that is true. No wonder why they are all moving out of UK. The plan was that they could tax th
by ksec 2y ago
I had to look this up [1] as it doesn't make any sense. Turns out that is true. No wonder why they are all moving out of UK. The plan was that they could tax them and generate their projected £3B tax revenue. When they are all gone, which means not only do you not get those £3B you also lose all their potential spendings in the city.
[1] https://www.bbc.com/news/business-32216346 https://www.bbc.com/news/business-32216346
- tardy_one 2y agoAh.. The UK is complying with OECD guidelines and leaving the race to the bottom.. What percentage of non domiciled have to actually become domiciled to make up for the rest, who paid flat tax and couldn't risk investing in the UK?
- ksec 2y agoWell if everyone is doing it then it is certainly a good thing. I don't think the BBC article mentioned anything about OECD. Which goes back to question one, why are they leaving UK now?
- tardy_one 2y agoI think all countries that are similar are discussing tax reforms or expecting eventual consequences. That doesn't mean all of them are doing the reforms this year.