Will they though?
Where would they go? Most other developed places have already hiked up their taxes, and they need to be based somewhere connected and central in order to function. Plus London is on the meridian, which makes time keeping and all that way simpler...
I'm not saying that it's an empty threat, just that we should properly assess this risk rather than just accepting the blithe threat that they would all just piss off and take all their non-dom directors with them.
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barryheadwound Mul-ti-pass? Multipass!, Tue 22 Jun 2010, 13:43,
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Nah don't bother - she never knows anyhow.
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barryheadwound Mul-ti-pass? Multipass!, Tue 22 Jun 2010, 13:58,
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London on the meridian...
... makes not the slightest difference.
The obvious answer to your question is Switzerland, specifically Geneva and Zurich.
That's a very real, obvious threat. Well developed, big finance centre already, low crime, low tax, good flights to everywhere.
And would they? Well to some extent many have effectively. When banks were making redundancies in their global teams, they hacked hardest where taxes dictated. The point is that when they next hire, we'd like some of it to be here...
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prince-igor si tacuisses, philosophus mansisses, Tue 22 Jun 2010, 14:28,
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