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    I assume this is in response to the BBC documentary?
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    (Original post by RotatingPhasor)
    I assume this is in response to the BBC documentary?
    Well i largely felt the same way (support the super rich being here but how can we maximise the benefit) but yeah i did watch it. Somewhat interesting although i felt he did make too much of some stuff.

    An employment requirement should be less harmful than other solutions because they can bring here a part of their business which already exists elsewhere while still enjoying their London life.
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    Aye
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    (Original post by Aph)
    Actually I think that 100 seems too few, 1,000 seems a better number and 10:eek: that isn't even a drop in the ocean. It's a single water molecule or maybe just a hydrogen atom.
    I've been thinking about this, say your salary is £500,000 that means you're taxed £211,000 (est.), you can hire 10 people at £20-21,000 which means this situation is perfectly acceptable whereby you hire 10 people rather than pay £50,000 for non-dom status.

    The only way that you can hire 100 people is to earn £5,000,000 minimum a year to have it equal to the tax receipts that you'd pay in the UK. No one, unless you're based in the ME/Asia will pay themselves that much as income.

    I don't believe Rakas has thought this through properly at all.
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    (Original post by Rakas21)
    QFA.
    Any chance of a response?
    (Original post by tehFrance)
    I've been thinking about this, say your salary is £500,000 that means you're taxed £211,000 (est.), you can hire 10 people at £20-21,000 which means this situation is perfectly acceptable whereby you hire 10 people rather than pay £50,000 for non-dom status.

    The only way that you can hire 100 people is to earn £5,000,000 minimum a year to have it equal to the tax receipts that you'd pay in the UK. No one, unless you're based in the ME/Asia will pay themselves that much as income.

    I don't believe Rakas has thought this through properly at all.
    Could you let me know exactly how much these people should be earning per year to be able to afford to hire 100 people? The above figures didn't include employer contributions so in fact it would end up with less people being employed.
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    I shall be considering all comments before i send to vote.
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