Discover and read the best of Twitter Threads about #nondoms
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Strange headline @BBCNews, which doesn't line up much with the content
A short 🧵 with some notes on errors made in the article, and the evidence on what we do/don't know about #nondoms responding to #tax reform
#TaxTwitter
bbc.co.uk/news/uk-politi…
A short 🧵 with some notes on errors made in the article, and the evidence on what we do/don't know about #nondoms responding to #tax reform
#TaxTwitter
bbc.co.uk/news/uk-politi…
Have to say, my least fav. way to start 'evidence' part of an article is with an interested party. This one starts by citing one tax advisor, who says potential tax changes are first topic of conversatn with his clients. I mean, 🤯? What else would you talk to tax advisor abt??
Then this famous graph based on the drop in the number of non-doms
My excellent colleague @D_Burgherr has said everything that needs to be said about this already.
My excellent colleague @D_Burgherr has said everything that needs to be said about this already.
Just heard Cx on @BBCr4today talking about #nondoms. Want to clear up a few points he raised.
1⃣ The 3.2bn (in £2018) raised from abolishing the regime is *our* (me+@D_Burgherr+@Summers_AD) number. Labour and others have used it. But it is produced in an academically rigorous way with full receipts.
warwick.ac.uk/fac/soc/econom…
warwick.ac.uk/fac/soc/econom…
2⃣ abolition wd be "wrong thing to do for jobs and prosperity for the UK".
📢The tax benefit for migrants applies ONLY to those who (a) specifically have a load of wealth; (b) DON'T bring that wealth to the UK; (c) promise they intend to leave us📢
Not obv. helping UK jobs
📢The tax benefit for migrants applies ONLY to those who (a) specifically have a load of wealth; (b) DON'T bring that wealth to the UK; (c) promise they intend to leave us📢
Not obv. helping UK jobs
This paper is now out. Planned before @Annaisaac made #nondoms cool again, we use confidential, anonymised HMRC data to look at🧐
🔸who the nondoms are
🔸what they do (incl a look at bankers)
🔸where they are from
🔸where they live
🧵 1/N
warwick.ac.uk/fac/soc/econom…
🔸who the nondoms are
🔸what they do (incl a look at bankers)
🔸where they are from
🔸where they live
🧵 1/N
warwick.ac.uk/fac/soc/econom…
First up: what is a non-dom?🤷
Non-doms are people who live here, like you or me. May spend whole year in UK, working, having families. What makes them diff is that they claim their permanent home is abroad (and can hopefully substantiate this).
Non-doms are people who live here, like you or me. May spend whole year in UK, working, having families. What makes them diff is that they claim their permanent home is abroad (and can hopefully substantiate this).
What does this get them❓
Benefit of non-dom status is can claim "remittance basis": no tax on foreign investments
That's what @Independent story yday was about: claim that Chancellor's wife didn't pay UK tax on her substantial non-UK income from shares
Benefit of non-dom status is can claim "remittance basis": no tax on foreign investments
That's what @Independent story yday was about: claim that Chancellor's wife didn't pay UK tax on her substantial non-UK income from shares
