Britain Versus the Laffer Curve

High tax rates push more Britons overseas—and revenue down

WSJ editorial. Excerpts:

"the number of people who repatriate each year is declining noticeably. This is down to 110,000 in the most recent year, from as much as 170,000 annually in the wake of the pandemic."

"These [those who delay returning to Britain] are some of Britain’s most entrepreneurial people, and they’re spending their prime tax-paying years out of the country."

"One-sixth of the people on the list [of Britain’s wealthiest] two years ago have dropped off, and 111 of the British citizens on the 350-name list live offshore."

"Only one foreign billionaire moved to Britain: Warren Stephens, the U.S. ambassador."