Tax changes 'to drive out foreign super-rich'

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 - lets do it anyway]

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