As we are living in a time of sacrifice, Osborne might make amends for his stupidity and reverse his policy. He might say, as the Americans do, that wealthy foreigners living in Britain must pay taxes on their foreign earnings, like the rest of us. He might even end the obscene situation in which wealthy Britons can escape taxes by pretending to be foreigners, most notably, the noble Lord Rothermere, proprietor of the patriotic Daily Mail.
More hard choices for Osborne? More sacrifices he will not shrink from demanding? Don’t be a fool. With the exception of a tiny proposal to make foreigners pay capital gains tax on their British homes, he won’t consider passing the burden to those best able to carry it.Advertisements