Met a lot of rich Indians in Europe, and all live in “London-Dubai”?
What does London-Dubai mean? “Oh been in London for twenty years, now we live in London 89 days a year”.
(Ie. Below taxable resident threshold).
Consequences of changing Non-Dom laws after 200+ years.
If you don’t think capital moves, think again.
Worst kept secret is half the population basically don’t pay tax, and the 1% pay a large chunk of it. If you try and tax them 5% more and lose 30% of them. The maths doesn’t check out.
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