‘UK residents had £850bn in financial accounts overseas — of which £570bn was based in tax havens — in 2019, the latest year HMRC has released statistics for.’
Tax campaigners have been quick to point out that non-dom status is a choice individuals make rather than something that is automatically conferred as a result of nationality.
‘The UK tax system is regressive. It penalises workers, pensioners and their families. It rewards speculators and rentiers. It favours financial speculation over the hard graft of work’
Prime minister Boris Johnson and chancellor Rishi Sunak confirmed in the Sunday Times that the NI rise would go ahead in April.
A majority of voters across both Labour and Conservative support a wealth tax
The leader may have appeased neoliberals and corporate grandees but that will not help to build a good society or a sustainable economy.
‘Figures published today by HMRC show that the “Tax Gap” – the difference between the money owed to HMRC and that collected – stands at a staggering £35 billion.’
The TaxPayers’ alliance has previously criticised spending vast amounts of public cash on ‘spin doctors’.
It’s a marked shift in rhetoric from the Corbyn era.
These companies are parasites.
