Britain's financiers and entrepreneurs are quitting the UK at a rate of 10 a week to avoid Labour's new 50% taxes. The burgeoning exodus threatens to deepen a £178 billion black hole in the public finances and leave middle-class voters with higher taxes for years to come, figures obtained from Companies House reveal. The number of directors of British businesses registered as living in the low-tax centres of Jersey, Guernsey or the Isle of Man has risen by almost 500 to 6,729 in the past 12 months. The British Virgin Islands is also a popular destination, with 615 directors of UK companies now based in the Caribbean tax haven -- an 18% rise on a year ago.
Britain's financiers and entrepreneurs are quitting the UK at a rate of 10 a week to avoid Labour's new 50% taxes.
The burgeoning exodus threatens to deepen a £178 billion black hole in the public finances and leave middle-class voters with higher taxes for years to come, figures obtained from Companies House reveal.
The number of directors of British businesses registered as living in the low-tax centres of Jersey, Guernsey or the Isle of Man has risen by almost 500 to 6,729 in the past 12 months.
The British Virgin Islands is also a popular destination, with 615 directors of UK companies now based in the Caribbean tax haven -- an 18% rise on a year ago.
for chrissakes why are nation states so weak when faced with the rolling coup that global finance represents ? This is becoming an existential threat where states must determine what they exist to do. If they serve international capital then the interests of the citizenry must be sacrificed. Its either/or time and I think that they're making the finacier's preferred choice. keep to the Fen Causeway
That's nothing UK tax law cannot fix, is it? We're talking directors of British businesses establishing residence in known tax havens on British Crown Dependencies. Why can't Her Majesty's Revenue and Customs exact revenue from them in those locations? En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
