And non-doms say tax is a bad thing. Or, as a KPMG survey reports, non-doms have revealed the extent of their dissatisfaction over being charged tax. Apparently:
- One in four non-doms set to quit the UK
- More than 90 percent say tax changes damaged the UK’s competitiveness
Now let’s deconstruct that. First, as a matter of fact all non-doms are required to quit Britain. If not they’re domiciled. So the rules appear to have brought 75% within the UK tax net. Great!
Second, who the heck are the people who think they have a right to define our competiveness in terms of their non-tax payment?
I have a response to this: it’s undiluted drivel.