Good riddance! Does anybody like the super rich, apart from the super rich?
Presumably, Ann is not NOT liked:
Canadian Ann Kaplan Mulholland moved to the U.K. in 2022 after selling her medical-loan business and her youngest child started college. She bought a rundown 13th-century castle and spent £15 million, equivalent to $20 million, to make renovations and build restaurants and a wedding business on site.
Mulholland hired a staff of roughly 100, joined her local church and started doing her grocery shopping at the retailer Marks & Spencer. But she is now on her way out. She and her husband, a plastic surgeon, applied to move to Italy, which charges a flat fee of about $230,000 a year for expats in lieu of tax on foreign income.
But this change to the law would mean she also has to pay taxes on income she earns in other countries.
Your attitude isn’t invalid, but it does seem that it would lead to reduced economic activity and wealth creation, which is exactly what the article suggests the lawmakers are now worried about.
What do you think?
It is about selecting policies that yield a great economy and that create an environment where large swaths of people aren’t able to live (reasonably) well.
Obviously and as expected, when the government decided to abolish this status last year, those who had it by and large decided to leave.
It will likely be a net loss for the country.
This will likely be a net loss for the country. We've already seen this Labour government take harmful decisions purely for ideological reasons.
impish9208•6mo ago