The UK’s tax authority is assigning dedicated “customer compliance managers” to more than 200 billionaires as part of a crackdown meant to raise £500m for the public purse.
HM Revenue and Customs (HMRC) said it had for the first time compiled a list of billionaires who are required to pay tax in the UK, regardless of whether they formally live in the country, to tackle a “wealthy tax gap” caused by those who do not pay what they ought.
200 billionaires to raise 0.5b in dodged taxes.
Each billionaire is, at most, going to see a 0.25% hit.
If you earned £60k a year (a very decent wage), thats another £150 a year, £13 a month. Except that £13 (per month: a couple pints, takeout for 1 peson) is able to buy you a house (~£200k) .
1 billion is an EGREGIOUS amount of money.
The difference between 1 million and 1 billion is about 1 billion.
Like if you had £1,000 and you were able to instantly double it: you are still “about 1 million away from being a millionaire”.
If you had £1,000,000 (1 million), and you were able to instantly double it: you are still “about 1 billion away from being a billionaire”.
Fuck all billionaires. Tax them more.
Make it PAINFUL to go above £250M in total assets.