An exercise in consider the source, and pay attention to the methodology and data set.
It turns out that the much-regurgitated analysis was done by a firm whose business is in taking a cut from people applying for "golden passports" and the data was taken in large part from the locations that people listed on their LinkedIn profiles for where they work, not where they reside.
An example of further comment that this generated outwith the major U.K. newspapers is https://youtube.com/watch?v=N-Gvl6zhRkg&t=473 which not only repeats the observation that "millionnaire" is not a precise term when it is usually a million dollars (which is indeed what the critiqued analysis used) rather than a million pounds, but adds that it also does not adequately account for such things as the the normal and long-standing process, driven by geography rather than by public tax policy, of people who retire, sell up, and move to Spain, the south of France, Italy, and so forth.
JdeBP•6mo ago
It turns out that the much-regurgitated analysis was done by a firm whose business is in taking a cut from people applying for "golden passports" and the data was taken in large part from the locations that people listed on their LinkedIn profiles for where they work, not where they reside.
Original report: https://taxjustice.net/reports/the-millionaire-exodus-myth/
An example of further comment that this generated outwith the major U.K. newspapers is https://youtube.com/watch?v=N-Gvl6zhRkg&t=473 which not only repeats the observation that "millionnaire" is not a precise term when it is usually a million dollars (which is indeed what the critiqued analysis used) rather than a million pounds, but adds that it also does not adequately account for such things as the the normal and long-standing process, driven by geography rather than by public tax policy, of people who retire, sell up, and move to Spain, the south of France, Italy, and so forth.