{"id":75039,"date":"2024-04-13T08:01:43","date_gmt":"2024-04-13T07:01:43","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=75039"},"modified":"2024-04-13T08:01:43","modified_gmt":"2024-04-13T07:01:43","slug":"poor-petrified-non-doms-are-terrified-that-they-might-have-to-pay-some-tax","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/04\/13\/poor-petrified-non-doms-are-terrified-that-they-might-have-to-pay-some-tax\/","title":{"rendered":"Poor, petrified, non-doms are terrified that they might have to pay some tax"},"content":{"rendered":"

The Guardian is reporting<\/a> this morning that:<\/p>\n

\n

\u201cP<\/span>eople are jumping on planes right now and leaving,\u201d said Nimesh Shah, the chief executive of Blick Rothenberg, an accountancy firm that specialises in advising very rich \u201cnon-doms\u201d on their tax affairs. \u201cI am not being dramatic, they are leaving right now.\u201d<\/p>\n

Shah said his clients \u2013 some of the richest people in the country \u2013 were \u201cpetrified\u201d of plans to abolish the \u201cnon-domicile\u201d regime, through which for the past 225 years wealthy people have been\u00a0able to live in the UK and not pay tax on their overseas income.<\/p>\n<\/blockquote>\n

You can sense the hyper-ventilation from which Shah must be suffering oozing through every pore of this comment, largely because he senses his business model is disappearing in front of his eyes.<\/p>\n

And what is it that his terrified clients are so frightened of? It is the risk that they might have to pay a fair contribution in tax to the country in which they wish to live and which they want to host their activities whether they are socially desirable, or otherwise.<\/p>\n

There are three things to note. The first is that advisers like Shah are always inclined to overstatement, usually to protect their own self-interest.<\/p>\n

Second, that said, I am sure he is right. Some of the thoroughly anti-social people he represents will leave the UK. Shah has every reason to worry about the future profitability of his firm if he is dependent upon them.<\/p>\n

Third, he is drastically overstating his case. Some people will leave. A very few will do so straight away. But the vast majority will have good reason for staying. Methinks the man doth protest far too much.<\/p>\n

And as for those poor, petrified clients? Maybe they should try living with the fear that you have no idea where the next meal might come from whilst being harassed for repayment of innocently overpaid carer\u2019s allowance that you have no chance of ever refunding. Then you might find out what fear really feels like. As it is, I don\u2019t give a damn about their fear that they might just have to pay some tax, because is exactly what they should be doing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Guardian is reporting this morning that: \u201cPeople are jumping on planes right now and leaving,\u201d said Nimesh Shah, the chief executive of Blick Rothenberg,
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,35,16,118,10,50,97,209],"tags":[],"class_list":["post-75039","post","type-post","status-publish","format-standard","hentry","category-domicile","category-economics","category-ethics","category-labour","category-tax-avoidance","category-tax-gap","category-tax-justice","category-taxing-wealth-report"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=75039"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75039\/revisions"}],"predecessor-version":[{"id":75040,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/75039\/revisions\/75040"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=75039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=75039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=75039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}