Are the non-Domiciled Rich and the City Good for England? This article was written by Sean Gabb, Director of the Libertarian Alliance, on his train journey to work this morning. Dr Gabb never ceases to amaze.
There is an interesting reference to Mohammed al-Fayed towards the end of the article, paticularly relevant as he is heavily featured, for other reasons, in the news today.
2 comments:
Hmmm. I can't see any reason to get excited about it. This has nothing to do with morals AFAIAC but getting them (rich non-doms) to spend as much in our country as possible, whether proper cash spending or taxes to the treasury is neither here nor there. The optimum tax rate is pretty low because it is easy for them to evade it completely. Nulab have probably pushed it too far and UK plc will make a net loss on the deal.
Although I did some economics to 'O' level standard I admit to it not being a particular strength. That is why I find your blog, and what Sean Gabb says, so interesting, they add some flesh to my bare bones. With Sean I am always appreciative of his writing because he has such a readable style for an academic.
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