I’m a non-dom millionaire living in Britain. Taxing me fairly won’t make me leave | Gio Notarbartolo
Tax breaks aren’t the reason I live here. Many wealthy people like me want to pay our fair share, and contribute to investment in the UK
The recent decision to abolish the non-dom status, which allows a small group of very rich UK residents to earn money abroad without paying tax on it in Britain, has sparked numerous conversations about whether this will force people to leave the country. As a millionaire living in the UK who has benefited from the non-dom status, I feel differently. Having a tax break is not the reason I live here, and having to pay my share in taxes does not make me want to leave. On the contrary, it represents a promise of more investment, and a better country. I’d like to think there are plenty of non-doms in the UK who will happily pay the tax that is expected of them, and who won’t be going anywhere.
After all, living somewhere is about so much more than the taxes you pay. There are so many benefits from living in this country. I’ve built a strong foundation for my family, with my friends, and I feel welcomed everywhere I go. I enjoy a wonderful lifestyle, access to superb culture, and I get to meet incredible people from all over the world. I particularly appreciate having access to the most forward-thinking professionals in impact investing and strategic philanthropy. My family benefits from a full life, access to healthcare that’s free at the point of use, great public transport (in London at least!) and so much more. Paying more in tax for all this is not something that concerns me – nor does it concern the wealthy people I know.
Gio Notarbartolo is an impact investor, entrepreneur and member of Patriotic Millionaires
Continue reading...Date: |
Filter
-
‘The stress is killing me’: I’m 73 and crumbling under $200,000 in debt — and I have no savings. Can anyone help me?
“I’m current with all my bills but barely make minimum payments.”MarketWatch - Business -
Tyson Fury: ‘There’s a lot to be said for a normal job. Me? I can’t go anywhere. I’m tortured’
The heavyweight on why he’s happier picking up dog mess than facing life in the limelight before his fight against Oleksandr Usyk. Tyson Fury can be boorish and crass. He can make you squirm and shudder with his outbursts and prejudices. The giant ...The Guardian - World -
‘My goal is to become a millionaire before leaving this world’: I’m retired and in my 70s. I have $768,000, but want $1 million. How do I achieve that?
“When I was young, I did not invest much for it to amount to anything, and then I had to use what I had saved.”MarketWatch - Business -
I love being a pharmacist, but the UK’s drug shortage makes me want to give up – and Brexit makes it worse | Mike Hewitson
Telling patients I can’t get their life-saving medication is awful. The government must act to prevent a real tragedy. Mike Hewitson owns a pharmacy in west DorsetFor the past 16 years, I have run a small community pharmacy in rural west Dorset. ...The Guardian - World -
Crockett to Greene: 'Don’t come for me'
Rep. Jasmine Crockett (D-Texas) warned Rep. Marjorie Taylor Greene (R-Ga.) to not come after her after the two lawmakers clashed during a House committee hearing Thursday night. “Don’t come for me,” Crockett told MSNBC’s Katie Phang when asked if ...The Hill - Politics -
'Typing Is for Girls' Came Back to Bite Me
I vividly remember thinking, as a science major, thank God I will never see a keyboard again!The Wall Street Journal - World -
Why Georgia just branded me a ‘foreign agent’
If you want a glimpse of what might be in store for Ukraine if Putin prevails there, look at the protests and civil strife in Georgia.The Hill - Politics -
This Is What Worries Me About the Trump Trial
A terrible man is in the cross hairs of American justice, but immorality alone doesn’t make him a criminal.The New York Times - Top stories - Donald Trump -
What Getting Shot in the U.S. Taught Me About the Dehumanization of Palestinians
The dehumanization of Palestinians has become a norm.The New York Times - Top stories -
All of Billie Eilish's senses are alive on the ravishing 'Hit Me Hard and Soft'
The pop star's new album gives the impression of someone who's accepted the unnatural demands of stardom and wants to figure out how to lead a full life in spite of them.Los Angeles Times - Entertainment
More from The Guardian
-
Ebrahim Raisi: search and rescue operation after helicopter crash
President was travelling in Iran’s East Azerbaijan province when helicopter came down in bad weather. Here is a video of the Israeli war cabinet minister, Benny Gantz, threatening to resign if Benjamin Netanyahu fails to adopt an agreed plan for ...The Guardian - World -
UN humanitarian chief delivers ‘apocalyptic’ warning over Gaza aid
Emergency relief coordinator says famine looming as Israel’s Rafah offensive blocks vital aid routes. Israel-Gaza war – live updatesThe United Nations’ humanitarian chief has warned of “apocalyptic” consequences due to aid shortages in Gaza, where ...The Guardian - World - United Nations -
Ships in some UK port cities create more air pollution than cars
Milford Haven, Southampton and Immingham top the list for emissions of gases and particulates. Ships calling at the UK’s most-polluted ports produce more nitrogen oxides than all the cars registered in the same cities or regions, analysis has ...The Guardian - World - United Kingdom -
Manchester City beat West Ham to win fourth Premier League title in a row
Pep Guardiola had predicted that he and Manchester City would suffer; it would be emotional, the nerves stretched taut because this is how it is supposed to go on the final day of the Premier League season when so much is at stake.. It had been ...The Guardian - World - Premier League -
Trump floats idea of three-term presidency at NRA convention
During a bombastic speech in Dallas, GOP frontrunner asks: ‘Are we going to be considered three-term? Or two-term?’ . Donald Trump flirted with the idea of being president for three terms – a clear violation of the US constitution – during a ...The Guardian - World - Donald Trump