Britain has more billionaires than any other country
- Thread starter Blackleaf
- Start date
I can totally understand why the guy left...an amusing article actually...had some humour...it sounds desperate of course because it is...most of the best left years ago; the tough, the strong, the smart and the hardy... if you lose even a few more you're buggared... best hold tight...
All I got from blackies braging and dubious claims is that England has more criminals per capita than anywhere else and Moscow is a close second.
Good for you. And how much of the population does Canada's middle class represent? I don't suppose it's much consolation for Canada's poor people that their country supposedly has the world's wealthiest middle class.
Canada is ranked sixth for disposable income per capita, and Britain is ranked seventh, just slightly behind.
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An Englishman ran the Canadian currency and national banking system between 1987 and 1994.
Yeah. I've already done it.
Not according to that article. According to the article the reason why so many British emigrants to Canada and Australia return home is because they find life in those countries to be boring and tedious compared to the UK.
If that's the case, then why is Canada about to undergo yet another campaign, like the one it did a few years ago, to lure Britons to Canada in order to fill gaps in its labour market?
Australia, likewise, is attempting to lure yet more Ten Pound Poms to the country to do jobs, like in Canada, that it's people don't want to do.
Britain is hip and happening. Unlike Canada it is a global cultural superpower. People around the world think of Britain as cool - Cool Britannia. People around the world, though, think Canada is boring.
A more fitting analogy of Britain waving her fist at Canada is of a mother waving her fist at her small child who now thinks she's better than her mother just because she's just reached her teenage years.
None of those countries will ever be as successful as Britain, the most successful civilisation that has ever bestridden planet Earth.
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And they'll return to the UK in no time when they discover life in Canada is not as good as it's made out to be.
You seem to forget that the richer somebody is the more they pay in income tax.
All these billionaires that Britain is attracting because of its low tax regime compared to other countries means Britain is receiving huge amounts of income taxes from these billionaires. The more billionaires Britain attracts, the more wealth Britain is getting in her coffers.
The Left, in their hatred of "the rich", don't seem to realise that. The Left want to penalise the rich, which only makes them upsticks and go to friendlier countries such as Britain, taking all their wealth out of the country with them. There are so many wealthy French people living in London, who have escaped there because of France's socialist government forcing wealthy people to pay 75% income tax (the fact that wealthy people are being forced to hand over three-quarters of their hard-earned wealth to the state for it just to get chucked into a black hole just sickens me), which does nothing but discourage entrepreneurism and which is making France an evermore increasing basketcase and the economic Sick Man of Europe, that London is now France's sixth-biggest city.
Britain’s reputation as a financial capital and its relatively low tax regime have been credited for attracting ‘non-dom’ residents, keen to invest in property in London and the South East.
The country now has one billionaire for every 607,692 residents, compared to one for every 1,022,475 in the US, which has the second highest number of billionaires per capita.
Unlike America, Britain does not tax its non-domicile residents on their global wealth, meaning they pay tax only on their UK income.
Francois-Henri Pinault, head of the Gucci fashion empire, is moving to London from France with his actress wife Salma Hayek after the French government introduced a 75 per cent tax rate for the most wealthy, though the couple say this is not the reason for their move.
The number of billionaires in Britain has more than tripled in a decade and their total wealth has now overtaken pre-recession levels of 2008, when the UK’s 75 billionaires were worth £201billion.
Read more: London becomes billionaire capital of the world | Mail Online
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So you are sayingBritain is a haven for the rich where they don't have to pay any income tax as long as it is earned elsewhere but get to use all the services that taxes provide? And you think the poor are freeloaders.
The only question in this issue is not where the billionaire lives; it is where and what nation(s) are their assets kept?
In Britain, unlike in America and other countries, including probably Canada, the billionaires here only have to pay taxes for their UK income, not their whole global wealth, which seems a lot fairer to me (why should they pay tax on wealth earned in another country?). So they pay income tax - and lots of its because a billionaire paying the same proportion of income tax as a person on the minimum wage will still be paying millions in income tax - only on the money they are earning in Britain.
The billionaires who do pay their bills
As the tax row rages on, the lines between good and bad celebrity earners are being drawn and two billionaires have emerged as tax angels – paying their full share in recent years.
James Dyson and the Harry Potter author JK Rowling are two billionaires living in Britain whose tax bills are a proportionate reflection of their vast incomes.
Among the 54 billionaires resident in 2006 (the most up-to-date figures) a total of £14.7m was paid in tax. Mr Dyson alone paid £9m of that. In 2010, Dyson's company paid 88 per cent of its total tax bill in Britain, giving the Exchequer £50m.
Rowling has eloquently described why she feels compelled to pay her full taxes as a UK resident. "I chose to remain a domiciled taxpayer for a couple of reasons," she said.
"The main one was that I wanted my children to grow up where I grew up, to have proper roots in a culture as old and magnificent as Britain's; to be citizens, with everything that implies, of a real country, not free-floating expats, living in the limbo of some tax haven and associating only with the children of similarly greedy tax exiles.
"A second reason was that I am indebted to the welfare state... When my life hit rock bottom, that safety net, threadbare though it had become under John Major, was there to break the fall."
The billionaires who do pay their bills, including James Dyson and JK Rowling - Home News - UK - The Independent#
As the tax row rages on, the lines between good and bad celebrity earners are being drawn and two billionaires have emerged as tax angels – paying their full share in recent years.
James Dyson and the Harry Potter author JK Rowling are two billionaires living in Britain whose tax bills are a proportionate reflection of their vast incomes.
Among the 54 billionaires resident in 2006 (the most up-to-date figures) a total of £14.7m was paid in tax. Mr Dyson alone paid £9m of that. In 2010, Dyson's company paid 88 per cent of its total tax bill in Britain, giving the Exchequer £50m.
Rowling has eloquently described why she feels compelled to pay her full taxes as a UK resident. "I chose to remain a domiciled taxpayer for a couple of reasons," she said.
"The main one was that I wanted my children to grow up where I grew up, to have proper roots in a culture as old and magnificent as Britain's; to be citizens, with everything that implies, of a real country, not free-floating expats, living in the limbo of some tax haven and associating only with the children of similarly greedy tax exiles.
"A second reason was that I am indebted to the welfare state... When my life hit rock bottom, that safety net, threadbare though it had become under John Major, was there to break the fall."
The billionaires who do pay their bills, including James Dyson and JK Rowling - Home News - UK - The Independent#