Comment by fmajid
18 days ago
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.
18 days ago
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.
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.
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.
You still have not reckoned with the fact that they are leaving. Whatever else is true the non-domiciled have determined that "somewhere else" is more attractive than the UK without the non domiciled tax regime.