A true story: a local man has sold his business for £20m. He has to pay £8m in tax, leaving him £12 to retire on.
Is it enough?
No.
He’s so determined to avoid paying his tax that he’s leaving the country.
Even though he doesn’t want to!
So he’s not going to enjoy his £12m but fester over the £8m
Sadly many have already left, our footballers, golfers non of them remain uk tax payers. I wonder theoretically if he had a £4million tax bill would he still go?
