News stories in recent months have claimed that more than 16,500 millionaires are expected to leave the UK in 2025 due to the country’s increasing tax burden. Notably, the abolition of “non-dom” tax rules has been touted as one of the reasons for this “millionaire flight”. It might seem that efforts to tax very wealthy residents is foolish – killing the goose that lays the golden egg.
It is hard to overstate how important the topic of taxation is. Most people’s daily lives are heavily underwritten by everything that income from taxes can buy – public services like healthcare and education, defence, roads and infrastructure, to name just a few.
