UK: Member Julia Davies on 5Live phone-in with Nicky Campbell
On a BBC Radio5Live phone-in to the question Should we be taxing the super rich more? - Member Julia Davies spoke with host Nicky Campbell.
Reports of capital flight as a result of abolishing the non-dom status are unsubstantiated. No official government forecast or statement forms the basis for current speculation in the media that the revenue gains from abolishing non-dom status will be lower than Labour originally forecast in their manifesto.
Patriotic Millionaires UK support equalising capital gains tax in line with income tax, as a fair way of properly funding the public services and investment that businesses rely on to grow. It’s a key recommendation for tax reform that we made in partnership with Tax Justice UK earlier this year.