Labour

[EverythingAllatOnceAllTheTime]

No questions the Tories were bad, but Labour are on another level.

Are you still happy you voted them in? Be honest now, you are having your doubts aren’t you?

If not, you really should be.

Where are these more attractive tax regimes?

Have a look at my Guardian article.

@Zonder

"I think @HannibalHeyes has it right. There's a difference between patriotism and nationalism. Just look at Billy Bragg - as left as you like but wrote a book on this and wrote England Half English on the theme."

So both patriotism and nationalism are about having pride in one's country.

The difference is that patriotism is about “love, support, loyalty and defense of one’s country; whereas nationalism is a stronger form of patriotism and is about putting your country's interests ahead of other countries and about putting the country's interests ahead of individual interests (whether that be laying down your life in a war on behalf of your country or willingly paying higher taxes for the benefit of your country).
But the two are clearly closely linked.

The point by @HannibalHeyes about how high income should be willing to pay higher taxes for the benefit of the country is a closer example of nationalism than it is patriotism as it involves self sacrifice (of income) from the individual in order to benefit the nation. Whereas someone could be patriotic about England is the Euros football but not be willing to fight in a war or make any self sacrifices on behalf of the country.

Lol that’s right…

I thought we would all appreciate it.

Ta.

I did. It made me laugh but in a thankful dual citizen kind of way

Gosh, you have dual citizenship? You have never mentioned that before. How fortunate you are.

@iwishihadknownmore

"Where are these more attractive tax regimes?"

Depending on your level of wealth, cost of living and amount of disruption to your personal life then for Brits it would be:

Isle of Man
Jersey
Gibraltar
Switzerland
Greece
Malta
Cyprus

Otherwise then it is places like UAE, Monaco, Switzerland, Bermuda and BVI.

The countries with a less favourable tax regime would be France, Italy, Portugal and Spain.

Crazy people think that the UK or any other Western country can compete, on tax, with UAE, Cayman etc etc.

According to all these articles these seem to be the places a small % are fleeing too.

Any figures on the tax loss these 9500 will cost the UK ?

Ha I love it when people choose not to scroll past to have a go when I'm responding to another poster you must be feeling annoyed rn

Yes I am very lucky, even more so my dc and reading stuff like that article and these threads made me get it all sorted

It may work out, Labour may make things worse, we'll see and good luck if the latter. I didn't vote for it but am SO glad to have other options.

@1dayatatime So in the main, very small islands.... not sure on Malta and Cyprus, given the rulings on tax by the EU recently.

You of course know the golden Visa route has or is going now?

Ditto.

Ha. If you post anyone can comment on that post. I was gently taking the pee as you do mention it a lot.

Hang on.

Its not just fiscal policy. How can you forget public services? Transport? Infrastructure? Education and health?

Well done.

This story has legs as they say…

@iwishihadknownmore

"According to all these articles these seem to be the places a small % are fleeing too.

Any figures on the tax loss these 9500 will cost the UK ?"

I completely agree that it is a small % that will flee the country because of high taxation. It's a lot of hassle and only makes sense if are very wealthy.

That said 0.1 % of income earners (50k people) who earn £500k or more a year pay 25% of all income tax revenue. So you only need say 10k to leave over the next 5 years to put a serious dent in income tax revenue.

More common and in my mind more concerning is those on lower but still high incomes - say £100k to £200k who are choosing to work say 4 days a week or retire early because with a marginal tax rate close to 60% what's the point of working full time in a stressful pressured environment when you only get to keep £40 out of £100 you make. Plus you are already on a comfortable income so why drive yourself into the ground.

Whilst a rational decision on a personal level, it does mean overall tax revenues drop as well as national productivity as many of these workers are older with more experience and the missing day is not filled by another employee. It's just less stuff gets done and either slower or to a lower standard.

I didn't mention it to you did I? You chose to engage with my post.

Tbf I often read these threads and think thank fuck for options. But you voted for it so we'll see how it goes.

As for that article it was a prime candidate to laugh at. But also think bloody hell the calibre of what we're facing

Oh dear, the FT readership are really piling into Starmer on growth.

No I am not going to link it.

This.

The old laffer curve.

Not very respectful. I've done nothing of the sort. I'm just not that interested in a particular issue that you are. It could be considered bullying if someone keeps bringing something up and won't let it drop until the person does as they say.

@SupposedFormerInfatuationJunkie

"The old laffer curve."

I agree but the Laffer curve only looks at tax revenues, I would argue that it also badly impacts productivity as well.

Either way the left seems to be in denial of it.

Funny, who knew?

It's interesting to see this row back so soon. IoD, CBI, Iceland boss, Carol ; they were bad at contributing to this mess pre GE with support but not long to see that recede

If no growth the backlash will get more heated

Fair enough, we will apply this policy together.