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Yeah, chasing away net tax contributors is a major policy win. /s


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.


*IF*

Is there any evidence for this fine theory that you constructed in your head?


Even in this straw man hypothetical, the exchequer is better off having more VAT paying residents.


Yea... except they arent net tax contributors. They are taking advantage of a tax code to not have to pay. They hurt local economies.


> 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.


So you're saying its worth it to keep these guys because while they do cheat the system to not pay MILLIONS in taxes. Through VAT they do pay a few pense in taxes. So its ok?


The end result is a reduced tax take. Like I said, major policy win!


I'm not sure that's quite the argument you think it is? The fact is that losing a thousand well-off selfish people is not really going to put a dent in the UK's financial well-being at all is it? This is not a question of 'for the better good' at all. There are hundreds of thousands of very rich people who choose to stay and contribute to the society in which they live. Which is admirable.


A policy that results in a shrinking of the tax base is not admirable.


Not sure how much of a shrunken tax base a thousand fleeing rich people is going to be?


They weren't chased away, they were asked to pay tax like the rest of us. Poor darlings. /s




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