Given that non-dom is mostly a convenient fiction, there's little difference.
Sorry to be thick, but, if non-dom is not a uk citizen, then, don’t they just need to push off to some other Country to escape uk tax?
I was only thinking of UK citizens. But anyone who is actually resident here should pay taxes here.
Sorry to be a nerd, but IIRC, the very top rate was marginally higher at 98%.Well if you like. At that time, thanks to Harold Wilson, the "taxman" was taking 95% of earnings under a "supertax".
When the highest bracket of income tax was dropped to 40%, it raised more tax money than the punitive 95% taxation had ever done.
The Beatles were warned that "two of you are close to being bankrupt and the other two could soon be"
One of the nice things about earning lots of money is that you just get a good accountant and move your domicile to Monaco or similar. The highest bracket of tax only ever squeezes money out of the sector of the population who are earning well, but not that well. By lowering the top rate, the multimillionaires, pop stars, etc were less likely to move their earnings off shore to a tax haven.
Sorry to be a nerd, but IIRC, the very top rate was marginally higher at 98%.
In addition to Income Tax there was a charge called investment income surcharge, which was particularly penal on, as it described, investment income. So it was a disincentive to save.
ahh! the "good old days" can't wait for them to return (not)
Written like a good Tory.
ahh! the "good old days" can't wait for them to return (not)
Seems a bit unfair. The protestors aren't protesting about building batteries - they are protesting about *where* the factory is being built and the damage to biodiversity. They also have some strong opinions about improving public transport instead - an equally valid opinion.https://electrek.co/2024/01/23/northvolt-battery-factory-site-canada-sabotaged/
The brain dead are doing their bit.