Can we get this reproduced by someone not as obviously biased as the "Tax Justice Network"? It's absurd that this organisation's findings would be taken at face value.

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anigbrowl 7 hours ago | parent | next [-]

I have to ask, did you say the thing at the time the supposed exodus was getting lots of media coverage? I expressed skepticism about it at the time, although I did not pay it too much attention because I don't live int he UK. But any skepticism about such a prediction always incurs a bunch of people insisting I don't understand economics and explanation of how freely the wealthy can flee a high tax jurisdiction.

I notice you don't identify any particular investigative shortcomings or fallacies in the report; you just think it's absurd to even consider the viewpoint of an organization that argues the wealthy are undertaxed.

	▲	WickyNilliams 7 hours ago \| parent [-]
		The original report this article responds to was out put by a company that sells golden passports, and their study involved trawling linkedin. If there are concerns around methodology and bias, then you are absolutely right we should start there

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vessenes 7 hours ago | parent | prev | next [-]

The article is basically worthless. Wealth follows a power law; saying 90x% of millionaires didn’t move is noise. The very wealthy are in fact moving; they don’t want to be subject to a tax jurisdiction that claims reach on global income. Now, they weren’t paying tax on that income before, so it’s not like it will make a huge impact on UK revenues, but I know that those folks tend to hire local professional services, bankers, etc; we’ll see if they keep doing business with the UK or look elsewhere, like the US. Smart money would be on the US + Dubai right now I think.

	▲	hermitcrab 5 hours ago \| parent [-]
		I've been to Dubai. I can't imagine moving there just to save some tax.

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swarnie 7 hours ago | parent | prev | next [-]

I'm also interested in how they've come up with the 3 million millionaires in the UK figure, they only seem to cite themselves for the data.

4.5% of the entire country are millionaires? On paper or in home equity + pension maybe... But those aren't the people we're concerned about leaving.

	▲	teamonkey 7 hours ago \| parent \| next [-]
		They cite Swiss bank UBS, there’s a table in the footnotes. I’m not convinced about that figure myself but they are responding to the announcement that was put out by UBS.
	▲	walthamstow 6 hours ago \| parent \| prev \| next [-]
		If they're counting pensions and counting married couples as two millionaires then it's quite easy to come up with a big number. The propaganda on both sides is so easy to write.
	▲	djohnston 7 hours ago \| parent \| prev [-]
		Nan is selling her home and moving to Barcelona - another mover and shaker gone!

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paddleon 5 hours ago | parent | prev [-]

wait, you are deciding they are biased based on their name? Is that why it is in quotes? Or have you actually looked at their methods?

Asking because what you are doing is baselessly creating doubt in research, the same playbook first used by cigarette companies, later by oil and gas, and now by the entire right-wing movement to drive the anti-science agenda.

Yeah, if you care, go reproduce it yourself. Come back with data and your methods, or STFU.

	▲	tasuki 5 hours ago \| parent [-]
		> wait, you are deciding they are biased based on their name? Well, does the name sound unbiased to you? To me, it also looks, based on the name alone, that they have an agenda. Is that a mistake from my side? If so, why?