Labour voters….

@Araminta1003
@footpath

I don’t think it will be long before the UK applies a similar approach to Australia and US regards citizenship and taxation.

The downside is that it will make it more difficult for less developed countries to attract the skills needed to develop infrastructure and energy. For countries like; Saudi Arabia (strict religion) and dangerous countries involved in war, lower taxes, or none at all, is often the only way to tempt people.

The upside is that it may result in less of a brain drain from countries who have gone to the expense of educating and training their citizens?

I agree with you re the US.

I think it has to change because they have so much power and are interfering politically and above the law and just go live in a tax haven, but retain their citizenship rights to safe countries. On that aspect, the US has it right. You want to be a US citizen and vote and have a right to vote and stand to be President, you pays your taxes.

@Araminta1003 there is a growing global movement about taxing the 1%. I do think things will change.

Well I'm hoping it improves. I'd rather my kids didn't emigrate really!

We will have to see, I think it's far too soon to tell.

The effect of the damage RR has done has not yet been felt. Eg ENI.

I don’t know the latest but the Indian Government was floating the idea of worldwide taxes on non resident Indians, like the US. They are losing too many to Dubai. Maybe people should have to pay to keep their British citizenship too? Like the US.

@GlobeTrotter2000 thanks, I was curious. I knew a few people who moved there but came back in the mid 00s, probably very different now.

Weren't people criticising labour because under the Tories the economy grew 0.9% or similar. It grew by 0.7% in the first part of this year.

Yes agreed. The Tories are rubbish too.

Although TBF I don't believe Jeremy Hunt made the trusts taxation retrospective...that (which is what RR added all by herself) is what had done the damage.

Nail on the head. She's not actually done anything to help grow the economy - just a handful of measures to damage it. Quite impressive really!

lol - Tory policies and inherited from the Tories. Buh bye - don’t let the door hit your ass on the way out.

I thought they amd their wealth were going to Italy and Dubai due to their alluring tax regime.

@footpath

where are you going to?

Bulgaria. Had ties there since 2003.

Not too big a country. Black Sea in summer and the ski slopes in winter are all in driving distance.

Tax is a flat rate of 10%. Before they became an EU member it was 30%. I guess being a net taker (for each Euro they give to the EU, they get three back) helped them to do that.

The residence nil rate band was introduced in 2017 effectively raising the threshold for those with their own homes being passed on to their children in their wills.

The main exemption may not have changed for a while, but other exemptions have been brought in.

I don't know about Denmark but the hugely wealthy Scandinavian country that I do know about is better run due to its very low population and rich natural resources. You can't achieve that in the UK with nearly 70 million population, a vast and ever increasing state and the rich moving out in droves. It's bound to be rubbish.

Well so do we. We have tax bands last time I looked.

Anyway RR tax system is not working. So if that's what you call progressive then it's meaningless.

Actually I have full respect for non doms going back to eg India for Indian generated income- I think they need it more there. Why anyone would want to hand it all over here when it was generated there and into death, to a country that colonialised you previously, that’s just HMRC and the Brits being greedy.

Why do you think they are better run- because they are not at the mercy of taxes from the incredibly wealthy, social equality is key for the collective good, those principles are paramount for what you perceive as 'better run'.

One big reason for that is that RR has unfortunately instigated quite a few policies that, rather than raise money, will cost the country rather a lot of money. Scaring off high value tax payers being one of them.

Apparently income tax will rise in due course by 2p in the £ to fill the gap they leave. Great.

Taxes were always going to have to go up though. We are broke

Denmark have progressive tax system, it is not a "soundbite".

Unfortunately we live in a country which is attached to a health service.

Scandinavian countries are a lot nicer and better run with a lot less people to support in my experience.

And being called "progressive" is just a soundbite. It's meaningless. Reducing the number of tax payers, reducing the tax intake and therefore reducing the amount of money we have in tax is hardly "progress".

For society to function fairly it isn't sustainable though, it is regressive and we should question how this is happened as in the past wealthy people existed but wealth inequality was nothing like today.