zlacker

>>fortra+(OP)
A lot of magical thinking in policy these days. Global rich people went to London BECAUSE of the tax treatment.

There was no magical property of London that attracts people DESPITE higher taxes.

Very difficult to have any policy discussion when a second order effect is involved.

>>graeme+C1
London is also an attractive global city like few others. Most rich people would not want to live in Andorra-la-Vella just for tax breaks.

>>fmajid+pb
This might be persuasive if the reports didn't indicate that substantially more non-doms are leaving the UK than expected. The options are not a binary UK or Andorra.

>>graeme+eh
There aren't many global cities that can compare. New York, Paris, Tokyo, possibly Seoul or the San Francisco Bay Area. Dubai isn't it, unless all you care about is shopping.