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Thousands of Company directors leave UK after Labour's tax changes

https://www.ft.com/content/a3fc89ea-6e9a-4795-9d42-e555551d0a0f
9•colesantiago•2h ago

Comments

colesantiago•2h ago
https://archive.is/soyFE
yawpitch•2h ago
“[Thousands of c]ompany directors leave UK after Labour’s tax changes”

Actual title has substantially different import.

colesantiago•2h ago
HN filter must have chopped the "Thousands" off, should be fixed.
jaggs•2h ago
Good riddance. Tax leaches, the lot of them. If you earn, you should contribute your fair share to your domicile society.
unmole•2h ago
Yeah, chasing away net tax contributors is a major policy win. /s
TheOtherHobbes•2h ago
If they're offshoring the money and/or living off rent instead of building productive businesses and investing in the future, their net contribution is negative.
unmole•1h ago
Even in this straw man hypothetical, the exchequer is better off having more VAT paying residents.
beardyw•1h ago
They weren't chased away, they were asked to pay tax like the rest of us. Poor darlings. /s
westpfelia•1h ago
Yea... except they arent net tax contributors. They are taking advantage of a tax code to not have to pay. They hurt local economies.
unmole•1h ago
> Yea... except they arent net tax contributors.

They almost certainly are. Even if you assume they didn't earn any UK income, they were still paying VAT.

hankchinaski•1h ago
tax base is narrow the middle class is gonna get squeezed even more to make up the difference
ZeroGravitas•1h ago
Are they technically leaving if they are "non-domiciled"? That means their official home for tax purposes was never the UK.

It also means the tax difference of them leaving is near zero surely?

unmole•1h ago
> That means their official home for tax purposes was never the UK.

They were still paying taxes on any UK income.

> It also means the tax difference of them leaving is near zero surely?

Only if you assume they didn't pay any VAT.

pjc50•26m ago
That's what I'm wondering. Hasn't this loophole been closed yet, or is that just what's happened? I can't read the article or archive.is, but if you're not domiciled in the UK for tax purposes then haven't you already "left" the UK in some sense?

Now we just need to deal with all the overseas territories and their tax arrangements. Do those count as "in the UK"? I believe not. But they benefit from the UK defense umbrella.

Nested Functions in Python – Python Morsels

https://www.pythonmorsels.com/nested-functions/
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