You smoke 50K cigarettes in 6 months you're a smoker, You drink 50K drinks in 6 months you're an alcoholic, You kill 50K children in 6 months its a genocide.
Surely you must see it's more nuanced than that? The old regime worked to say that if you kept your money abroad then we wouldn't tax it but we would tax it any money you generated in country.
These people were often on high wages meaning we would still get some income from them but not money that we had nothing to do with.
It would probably have been a better idea to require periodic investments into UK businesses to increase the tax take rather than scrap it altogether.
Thats said the UK requires a wider culture shift when it comes to money so it wouldn't have made much of a difference.
I understand completely what you're saying, but I've got a feeling this new regulation is aimed at those who don't earn any money in this country and therefore don't pay any tax in this country - even though they're living here taking advantage of the benefits and infrastructure etc.
I do agree that maybe there is a more nuanced approach to this which would encourage investment into UK businesses, but nobody ever said politicians were the brightest people on the planet. :)
It exactly how you say, with a lot of people not exactly working in UK leaving, people who made money abroad. I know plenty who do. I can see your point here.
The problem here is the way they are implementing it, right now you would still pay taxes on brining money to UK, also all of those people who happily pay certain amounts or smaller percentages on % of foreign income to live in the UK. However 45% of income made completely outside of the country is a robber and people are leaving to UAE, Italy, Switzerland. Italy is charging 200k flat now a yearn UK they would pay more.
Also office of companies are getting relocated, they stop spending money here, they would pay higher to stay in UK.
So if you say you were to get 300-500k per year from those people and now you get 0, and thousands of people leaving it goes to billions in budget loss
I understand. I really don't have enough information to attach fixed numbers to the circumstances. Whether it's £350,000 or £10 is a mystery. And maybe that's the problem.
Maybe it's fine that people go to UAE Italy and Switzerland, because it's difficult to ascribe any solution when the participants are so secretive in their financial movements.
It's kind of interesting that people are becoming exercised by this tax, because it's clear that they don't really value staying in the UK as much as saving some money. I find that a really interesting observation.
I switched coinciding with the birth of my first child, I am under paid compared to my peers and my career progression has stalled but what I have gained by being around my child growing up is priceless.
I wouldn't say you couldn't pay me enough to go back but its more than people would be willing to in the current market.
I feel this dialogue is so childish this is part of having a partner, People are emotional creatures and so have emotions that need to be managed.
Gendering it helps no one, it would be better to make people aware that it needs doing and can they handle it.
Yep. And all sex is rape. Hadn't you heard? Therefore anything that can be done to men is justified. According to the feminist ideology at least. Time to resist. Men of the West rise up and reclaim your patrimony.
Is it a billion dollar business? Probably not you should launch it anyway it would be fun for you to see it in the wild and how many people interact with it.
You may also learn a thing or two when user interact with it in the wild.
