Tuesday, June 11, 2013
Tax codes are the best way to tackle the issue
Interesting proposal from Bonnie Greer that immigrants should be taxed at different rates.
I have long thought that tax codes are the best way to tackle the issue of economic migration.
All tax-payers born outside the United Kingdom should go onto a tax code that removes the incentive they might have to leave their place of origin.
If you insist on coming to the United Kingdom your income after tax will be broadly no different from what it might have been before you made the journey (based on the "price of a can of Coke" measure beloved by economists).
Not just Tier One immigrants, but all economic migrants.
And since Bonnie Greer has raised the issue of tax, would it be impertinent to ask whether she is paying taxes in the United Kingdom? Sorry to sound suspicious, but so many "citizens of the world" have become perpetual tourists with homes in more than one country. So long as you can raise the credit to buy the properties (minimum of four I believe) then you just spend three months at each home and pay tax nowhere - for people not tied to a particular place of work this is an increasingly popular option.
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