The Laffer Curve does exist. You may not want it to, but it does. The UK’s political class is in the process of learning this lesson. One of the first things Chancellor of the Exchequer Rachel Reeves did was to make the global assets of those living in the UK but domiciled elsewhere for tax purposes (the “non-doms”) subject to UK inheritance tax.
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Why Taxing the UK’s Rich Less May Make Sense
