So the Guardian runs a spread on the impact of the non-dom system. It included house prices bein marked down by 75%nand still not selling. I am sure that there are some who will move – but tax is surely only part of the reason for leaving. If it was the major reason then more would have left for cheaper cities. The abandonment of VAT exclusion for private schools should have little effect on millionaires. In many other ways the UK has much to offer. Is it hipocritical for the RW media who are so trenchant in their criticism of migrants; to be so upset about migrants leaving the country due to tax. There is obviously an ‘Us and Them’ situation here.
I am also not sure about the ethics here. If someone makes their money abroad (and pay tax there – this is where I am unsure), should they have to pay UK tax? Nothing is ever straightforward! I would rather see the likes of Amazon, X, meta, and Apple, etc. pay tax on the profits they make here rather than regeristing their companies in Luxemburg and Dublin. As for the drop in house prices – my heart bleeds! Maybe their mansions could be split into flats and affordable housing for those who live and work here.