#TaxtheRich pops up all over Twitter and the internet. Sounds easy, but actually no easier than trying to regulate crypto-currencies or tax Twitter itself. They’ll always be one step ahead of the civil servants and legislators trying to collect, and can afford better lawyers accountants and yachts. Non-Dom status works if you can afford to live somewhere you weren’t born (and/or afford to pay to be allowed to live there) and organise your money accordingly. The cost of organising your money accordingly is probably several times what most of us earn in a year. And it will, alas, ever be thus.
“HMRC scraps plans to tax pensions after death”
A couple of other Statement Highlights (in my world, anyway). A welcome ‘nothing happened’ on the treatment of pensions on death. They were never going to be liable to IHT (too complicated with trusts and trust law) but there was talk of making them income-taxable on the recipients at whatever age you die.
