Labour's Tax Pledges - Part 2

[Deskdiary]

If Labour manage to win the election, with their punishment taxes to swiftly follow, how do they propose to fill tax hole that will be left if the likes of the billionaire, John Caudwell, leaves the country?

Over the past 10 years he estimates he's paid £330m in tax.

https://www.dailymail.co.uk/debate/article-7691539/Phones4u-founder-John-Caudwell-hits-Jeremy-Corbyns-plan-war-against-wealthy.html

Isn't it more likely that rather than raising tax revenue by applying this insidious envy tax, there may not be a net gain, and could even be less tax revenue, when our top earners decide to ply their trade abroad, and our billionaires decide it's time to go.

The top 1% of taxpayers pay 27% of the total income tax revenue.

[Zacs-Master]

Don’t worry, it’s not going to happen

[Old_Geezer]

There we go with the "envy" nonsense again.
If the likes of the billionaire, John Caudwell, feel they can go elsewhere and do better than the incumbent company owners at wherever they're going, and so leaves the country, then best of luck to them. Any desertion leaves an opportunity for someone else to fill the vacated niche.

[dannyk13]

If the likes of John Caudwell decide to follow him then we will lose a lot of tax revenue.It looks like Corbyn's suggested tax hikes will backfire on him.
.

[lady-janine]

Firmly believe that the big tax payers will make sure they move their money and do not pay tax to JC. We could all be much worse off.

[emmie]

usual politics of envy..