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Britain’s second richest person leaves UK for Monaco (www.independent.co.uk)
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“In America they applaud people who create wealth,” Sir Jim added. “Unfortunately the UK has got a bit of a green eye towards wealth at the moment.”

Rachel Reeves axing of the “non-dom” system, a status that allowed individuals to only pay tax on income generated in the UK, is blamed for many of the exits.

I say good riddance. Most of them were tax dodgers who likely weren't paying much tax anyway.

Whole you're at it, tax people who own stuff in the UK from abroad too, so that they can't profit from abroad.

Earlier this year Gary Linekar and over 100 other British millionaires asked prime minister Andy Burnham to increase their wealth tax as they can “afford it”.

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[–] 5 points 1 day ago

Earlier this year Gary Linekar and over 100 other British millionaires asked prime minister Andy Burnham to increase their wealth tax as they can “afford it”.

Yes the government should increase their wealth tax, no questions about that...

But Millionaires And Co. could also start a fund and plough their wealth into that. They probably have access to top notch accountants that could maximise the value of this fund. They don't need to wait for the government to do it for them. Just do it!

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