I'm sorry, it's absolutely true that, pre-Covid- private business has been flocking overseas. Why, it's been almost 24/7 operation Stack on the M20, watching all the Tarquins and Fiona's heading for the ports, bemoaning the way the Tories have redistributed wealth to the working classes in the Midlands and North over the past 10 years.
How can we survive, they moan, with the lowest corporation tax in Europe stealing Daddy's tax-avoided wealth. And our children having to attend charity-status private schools. Thank goodness we can fall back on the crumbs made by our investments based in the Caymen Islands
Meanwhile, back in mainland Britain, hear this: the tax-avoiding, so-called entreprenneurs would pay 25% corporation tax as a minimum on all their UK derived profits and a minimum 45% income tax on earnings over £70k, and 60% on all earnings over £100k.
If they still want to head overseas, they can go with my blessing. Their UK assets, aside from one residence, would be sequestrated.
Up the Pool.