to ask how you would stop companies and investors leaving the UK?

Much as I dislike the far right, the Left will drive this country into the ground if allowed to!

Sunak might have “supported” victims of the blood scandal but making the payments was another of the little messes his government left behind for its successor. Words are cheap.

PO scandal was during Blair's rule? Blood victims were supported by Rishi?

Of course.

Patriotic Millionaires have about 60 members.
Total number of liquid millionaires in the UK is estimated to be 600,000

Isn't all this bollocks proof that the current economic system is absolutely fucked ? Like people are held accountable to actually contribute and they're like "nah"

Can't believe thousands of years of human existence and this is where we are.

Really? We have the highest growth in the G7 (in Europe) behind the US and Canada.

All people like you do is focus on the negatives, ignoring the simple fact that the Tories - who i assume you support - have left the country in an utter mess.

The latest is the Justice System.... along with Blood & PO Scandals, Roads, Health, Social Care, Education....

Maybe look at who you've been backing......

Thankfully not all rich people feel the same
patrioticmillionaires.uk

If Labour continue doing what they're doing now there will be nothing left to tax by next GE

We seem to be going the other way. Which is expected but still.

Maybe after next GE

UK is highly desirable place to invest, 2nd behind the USA but this does inc off-shore Islands.
But the $ is a reserve currency, the £ is not and the Tories made a lot of changes to the City of London which has made it a worse place to list... this needs un-doing.

Which Reeves is going to do but why did the Cons allow this to happen???

Cut taxes

Your comment is self-contradicting. If you don’t want profits going abroad you are basically saying you want less reliance on foreign capital. That’s what the OP wants too. If UK-based firms list overseas then the profits increasingly go overseas, as that where their investors are. And who do you think pays more UK tax: a billionaire who lives here or one who has left?

Fine, but won't they eventually run out of customers who can afford whatever it is they're selling?

It's not marginal tax avoidance in the super rich that causes most of the problems, it's the fact that a third of working age adults pay no tax whatsoever.

We need to focus on both ends of the spectrum!

This so called dodge won't be closed in our lifetime. The entire global business is based on this. And there is also daddy Trump who will put you on naughty tariff step if you dare to touch his American businesses.

There is a discussion about harmonisation of corporation taxes across developed world though.

What you could do for now is to reduce corporation tax drastically, but ideology won't allow this.

Yes - I completely understand the difference between revenue and profit. Large companies extract profit by calling it a licence fee and move the tax liability to a lower tax jurisdiction. That is the dodge that needs closing.
Agree that taxing revenue is not the answer.

Tier 1 Investor visas (Golden visas) to the UK were abolished awhile ago.

Farage proposed Britannia card which would allow foreigners to pay £250k and settle here without paying any taxes on global assets/income. Scum from all over the world, Russia etc would be there in a week.

Do you have any idea about difference between revenue and profit?

Both Amazon and Starbucks generate significant revenue here, but due to corporate structure they don't generate much profit. Through legal entities set up their profit is accounted for in lower tax jurisdictions.

If you attempt to change and tax revenue instead of profit you effectively nuke the entire country economy. And this would apply to local businesses as well.

And business do exit countries if they don't consider them profitable.

I’m sure I saw something about them now giving visas to people who move here and invest a large sum of money

The truly rich don't care about what other people think of them. They will do whatever is best for them. The difference between them and the rest of us is that they have the choice where to live and pay taxes. Whilst I'd love the rich to pay more, they have the choice where to live and pay taxes. If the tax regime is hostile, they will move. Total revenue will fall and those on the levels below will end up paying more.
The rich can move and companies can move. The solution is that companies pay taxes in the country where profits are generated. Starbucks and Amazon aren't going to withdraw from the UK market.

I’ve left already.

your point 1 says you still believe the State has a role in setting pay rather than leaving it to shareholders. That’s an issue.
it’s not hard to stop the departures but this government has no interest in doing so. They are about to find out you soon run out of other people’s money

The horse has bolted regarding any thought of rejoining the EU. We would never get the same terms we had before, and all the business that has left the UK would likely not return anyway. I worked for one of the big for investment banks, who immediately moved thousands of people out of the UK to Frankfurt, Madrid etc. If you go to Canary Wharf, that big building with HSBC on it won't have HSBC on it much longer if it hasn't already gone.

Then there is employer's NIC...

I think the government are recognising the issues, however they shot themselves in the foot promising not to raise taxes, and by publishing stupid fiscal rules that they didn't need.

And they are worrying about the billionaires leaving the UK. As someone said above the overall tax revenue will drop significantly as the wealthy leave.

https://www.bbc.co.uk/news/articles/c0lnzx73pl3o

It's not just the listing. It's also choosing not to invest.

How does Reeves haemorrhaging £40 billion of tax payers money in quantitative tightening represent good value for money?

@pickywatermelon "Well, I suppose it depends what you think “good value” is."

It depends on what the Treasury calculates as being "good value" for the taxpayer. In this instance, the Treasury decided that the terms did not represent good value.

"The VPAG agreement is incredibly unfortunate to the UK pharma market attractiveness - and as we are not in EMA anymore that adds a layer on top"

The VPAG agreement was made by the previous government; the same government that took the UK out of the EU and the EMA - although the market for drugs in the UK covered by the UK VPAG agreement is not really a deciding factor when considering where to list a company, as companies sell their products globally.

"It is a global economy"

Indeed, and in a global economy the biggest and most powerful groupings hold all the cards. The Brexit backers thought that the UK standing alone would, in the words of Boris Johnson,"prosper mightily" but so far they have been proven to have been wrong.

we are talking about RR though? why switch to other people?

Can you please enlighten me about competent decisions she made? the ones that promote growth?