More than half of Britain's wealthiest people plan to leave or scale back their UK investments after a tax clampdown on ''non-domiciled'' foreigners, a survey has found. The study, by the Society of Trust and Estate Practitioners suggests the Government's plans to tax the foreign super-rich would be counter-productive, as tax revenues would fall and assets would be sold.
[so it has exactly the opposite effect than desired - but it feels good to 'soak the rich', so they'll do it anyway. I'm just grateful us Americans are smarter than to fall for that class warfare stuff...]
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