So the government\’s proposing some changes to the investor visa rules. Essentially, rich foreigners who want to come and invest their money in the UK, creating jobs, raising local wages, will find it easier to get he piece of paper they need to do so.
And how long, I wonder, before people begin to become seriously angry about this blatant abuse that is intended to shift the burden of tax from capital onto the long term resident population of the UK?Because remember too, all those new residents will have access to the domicile rule – and the mean to buy their way out of tax in this country as a consequence.
Rarely have I seen such a batant poilicy intended to shift welath from the poorest in our communtiy to the richest. Because have no doubt, that is exactly what is intended to happen as a result of these policies.
Johnny Foreigner brings in his money to create a business which employs Brits, thus, ceteris paribus, raising wages, and this is shifting wealth from the poorest to the richest?
And, umm, the domicile rules….but these visas mean that they become resident when they invest in their business. So everything they earn from their business in the UK will be taxed in the UK: because they are resident.
We get more investment, higher wages, more jobs and higher taxe revenue.
Just what is the objection here?