Posted on 12/12/2009 6:29:45 PM PST by bruinbirdman
Britain’s financiers and entrepreneurs are quitting the UK at a rate of 10 a week to avoid Labour’s new 50% taxes.
The burgeoning exodus threatens to deepen a £178 billion black hole in the public finances and leave middle-class voters with higher taxes for years to come, figures obtained from Companies House reveal.
The number of directors of British businesses registered as living in the low-tax centres of Jersey, Guernsey or the Isle of Man has risen by almost 500 to 6,729 in the past 12 months.
The British Virgin Islands is also a popular destination, with 615 directors of UK companies now based in the Caribbean tax haven — an 18% rise on a year ago.
Those known to be fleeing the UK include hedge fund managers, property tycoons, bankers and people who made their money setting up companies organising private healthcare, call centres and luxury holidays.
“The UK model is broken,” said Stephen Hedgecock, a partner in Altis, a £1 billion hedge fund company with 35 staff that has relocated to Jersey, leaving only a small presence in London.
“It’s not just the 50% rate — it’s National Insurance, the treatment of pensions ... everything. It’s just a ridiculous amount of taxation.”
Russell Newton and Danny Masters, co-founders of Global Advisors, another hedge fund with hundreds of millions of dollars under management, also abandoned London for Jersey’s thriving finance community in the summer.
Another 100 Britons have begun working in the island’s businesses since the downturn began two years ago. The Jersey government said it had seen a 20% increase in interest from people looking at moving to the island. A new marketing brochure published by the island’s authorities promises “in Jersey, keep more of what you earn”.
The authorities impose corporation tax at
(Excerpt) Read more at timesonline.co.uk ...
{pointing to my watch} Soon. LOL
"So you’re taking the wife out to see a 'Chick Flick' during the day?"
A trick question; since, you [clumsily] neglected to answer my first question regarding how you know it's a CF. So I don't know how cooperative I should be with you anymore. {g}
Be that as it may...yes, that's the plan. However married to a Libra makes planning often an exercise in futility. LOL
Truth is I honestly cannot remember when last we went to a theater to see a film, '76. Whenever it was I can gauren-damn-tee it was a weekday matinee, though.
"If you think their popcorn is something special think again."
Their popcorn aside, I am a popcorn expert now that you mention the subject.
Never ever keep any less than 6 types of organically grown popcorns on hand. Never. Love the stuff drenched in Wisconsin's best lightly salted sweet butter, FWIW.
"That old bagged crap is guaranteed to give you a greasy gut ache for two days."
The place we go pops their own, I know because I stand there & watch. Maybe they're one of the last to do so; nevertheless, they do.
"Bring your own as well as plenty of hand sanitizer."
It's not a drive-in, or we certainly would.
Not that you'll answer; but, have to ask: what's with the hand sanitizer?
Granted things are bad & getting worse, but I'll be damned if I start doing [that] or wear a surgical mask, either.
I've enjoyed life up to now and such steps are going too far. It ain't worth it. LOL
You would have to use a hand sanitizer in your car at a drive-in but not a theater? Well ok then, I guess it has been a long time since you went to a movie. lol
I just saw the previews for the movie where it looked like there was a love story within the movie. Didn't your wife tell you? lol
“Not that you’ll answer; but, have to ask: what’s with the hand sanitizer?”
The worlds a filth hole! Surprizing any of us make it past 15. lol
You misunderstood what I tried to say.
Meant I'd take a sack of popcorn if it were a drive-in we were going. Capiche?
"Well ok then, I guess it has been a long time since you went to a movie."
Well that it has; but, might be a difference in locality, too. Theaters around here (WA County, WI) are pretty darned clean, for whatever reason.
"I just saw the previews for the movie where it looked like there was a love story within the movie."
As I'd read in a review on sludge few days ago.
Don't tend to believe anything said in those things though, preferring to read what others, here for example, have to say.
"Didn't your wife tell you?"
No.
I speak to her, not she to I unless she genuflects first upon approach. Which, she steadfastly refuses to do. LOL
Hey, if you happen to see another's review here?
Please, ping me to it. TIA
"The worlds a filth hole! Surprizing any of us make it past 15."
Awwwwwwwww an optimist, eh. ;^)
I probably will never see Avitar. I just can't get in to animated movies. I know the technology has come a long way but I just can't get in to it. Call me an old fart that's ok. I've been called worse than that on a good day. lol
Going Galt in the UK. A preview of what is to come here.
Cars can be cleaned, my friend.
To hell with my hands. LOL
"I probably will never see Avitar. I just can't get in to animated movies. I know the technology has come a long way but I just can't get in to it."
Fair enough.
I certainly can understand your POV; especially, if --like myself-- you recall the great classic films of yesteryear. When the story and actors carried the entire production.
In fact I'll bet you've wondered if many of the classics, say Ben Hur for example, could even be done these days. Given the banal crap passing for screenplays, nevermind the dorks palmed off as 'actors' {spit} it's a miracle the imbeciles can pull off voice-overs.
And in that vein? Watch, the Director and/or 'actors' will not be making any public statements concerning politics. Not 'til they've concluded the thing's wrung every last scintilla outa the general public it can.
Funny, that. ;^)
"Call me an old fart that's ok. I've been called worse than that on a good day."
LOL
Old fart.
Old friend works better. :^)
>>...living in the low-tax centres of Jersey, Guernsey or the Isle of Man...<<
Doesn’t John Galt live near there?
Funny, though.
I was just thinking last night while watching a preview of the new Elvis show in Vegas, that in a few short years they should be able to project a life figure on to a stage from pictures of actors in old films or new recordings. Can you imagine the ramifications of that for entertainment or perhaps even politics?
I’m sure you didn’t understand why I was amused at the prospects of having to use a hand sanitizer in a vehicle.
Years ago I once had to ride in a farmers old truck that had a distinct smell of cowshit in it so our conversation summoned up some very vivid memories as we discussed the need for sanitizers.
Have a good evening.
Grant
LOL
GMTA.
Have thought that ever since I'd seen the crude ads by folksy-like caricatures shilling services for some investment outfit.
Won't be too much long, my friend.
"I’m sure you didn’t understand why I was amused at the prospects of having to use a hand sanitizer in a vehicle. Years ago I once had to ride in a farmers old truck that had a distinct smell of cowshit in it so our conversation summoned up some very vivid memories as we discussed the need for sanitizers."
With nothing but farmer as my neighbors?
I certainly can relate. LOL
"Have a good evening."
You too, my friend.
It's COCKTAIL hour! ;^)
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