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My No Deal Brexit planning.......
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userW3526602
Posted: 28 September 2018 4:16 PM
Subject: RE: My No Deal Brexit planning.......
 
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Location: Glynneath South Wales


Hi,

France, and several other countries have a WEALTH tax. Presumably that means that if you live in France, or whereever, you pay tax to the French Government, and then you have to pay more tax on "wealth" that you have anywhere in the world.

I recently heard of somebody paying taxes to Norway, on property he owned in Scotland.

That should concentrate the minds of off-shore investors.

602
userJohn52
Posted: 28 September 2018 10:52 PM
Subject: RE: My No Deal Brexit planning.......
 


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Location: Pissindoon, Scotland


W3526602 - 2018-09-28 4:16 PM
That should concentrate the minds of off-shore investors.

602


It already has.
Corbyn has proposed something similar, so all the 'newspaper' owners domiciled in HM Tax Havens are trying to put the skids under him.
userW3526602
Posted: 29 September 2018 6:30 AM
Subject: RE: My No Deal Brexit planning.......
 
Epic contributor

Posts: 1079
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Location: Glynneath South Wales


<<< Corbyn has proposed something similar, >>>

Hi John 52,

I can't argue with that, assuming you are correct.

I understood that two people are forbidden to do anything right. The first is the Prime Minister (any Prime Minister), and that covers the second ... the self-appointed Prime Minister in Waiting.

Did Corbyn suggest what wealth would be needed to make one eligible to pay this tax? How does that figure compare with Corbyn's declared wealth.

To keep things fair, the tax should be payable on either ....

Any income earned on that wealth in UK, or ...

The assumed interest that would be earned IF it was invested in the UK.

The Treasury can then set the rate to encourage this wealth to be stored in the UK.

When we bought our hovel in France, we were told that due to the change from Francs to the Euro, many French peasants had to launder their wealth from a "under the mattress" into derelict property ... with, no doubt, a few Francs being lost or gained on the way.

602
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