The Senior Lecturer Emeritus at Islington Technical College treats us to his analysis of the problems with taxation and wealth in the UK. He refers to the Equality Trust’s report on that wealth inequality. He notes that 6 people control as much wealth as the bottom 13 million.
He then tells us:
But as I noted from conversations in the City yesterday, the concern there is people moving home because of taxation when the concern should be people haing homes at all.
We should not worry about changes in taxation leading to migration of the people with money that is.
Except, well, it’s worth looking a those 6 people mentioned in the Equality Trust report:
The Hindujas – non-doms, not entirely subject to the UK’s taxation system.
The Times reported in February 2019 that Sir
Ratcliffe was planning to save up to £4 billion in tax after relocating to Monaco.
In 2010 he moved to Geneva from London,
Bloomberg reported, “avoiding the top British tax rate and increased regulation”.
The Times, in its Tax Haven Rich List
investigation, reports that the brothers “are British citizens but are believed to have
But we don’t have to worry about people migrating because of taxation, so Richard Murphy tells us. What perhaps should worry is that this man was paid by your and my taxation to teach economics to the young and impressionable.