zlacker

>>fortra+(OP)
Does London need the Global Rich hanging around if they’re not willing to pay taxes? Is it necessary to have the tax bring in 30 Billion in order for it to be considered a success? If nothing else, this tax demonstrates to those who DO pay tax, that the Government is willing to treat earners equally and fairly, regardless of how much tax it brings in.

>>mickga+92
If they're here they tend to spend money, and employ people. That all ends up as tax slightly more indirectly.

>>trebli+N3
So what you are saying is, it eventually trickles down?

edit: The reality is they don't spend enough for it to offset the harms that wealth inequality brings.

I know a couple of people who have been using this London loophole as a way to avoid paying taxes anywhere at all. They are not residents here, they are not residents there, and their income is earnt globally. So they think they shouldn't have to pay tax to any particular country.

>>cam_l+d9
>edit: The reality is they don't spend enough for it to offset the harms that wealth inequality brings.

source? Has "the harms that wealth inequality brings" even been quantified?