Curly Smith
2008-02-20 13:05:57
I don’t see why you find the idea “risible”. The “non-doms” were attracted to London by a favorable tax policy so it stands to reason that they’d be “detracted” by an unfavorable tax policy. Money, and the people who manage it, are fungible and the only barrier to moving is cost. Would you care to wager on how many cities will offer incentives to entice the financiers away from London?
