California is looking to increase its taxes on the richest in that state. And as a result all the usual mischief about the rich heading for the door has been widely heard.
It’s fairly easy to move in the US. But people don’t.
Shall me lay that myth to rest then?
So people don\’t move to avoid (or evade) tax then. Seems to me that this isn\’t really consistent with the existence of Monaco. For Ritchie\’s spent years tel;ling us that people do indeed bugger off to avoid taxes that are righteously due to Westminster. This is why he wants that passport based method of taxation, not residence.
So, err, how can you argue that people don\’t move as a result of tax and also argue that people must still be taxed even if they do move? The latter is entirely irrelevant if you believe the former.