[heero_yuy]

Originally Posted by ianch99

This is a position of principle, not profit. If you live in this country, you should pay the same taxes as the rest of us.

I believe they do on income earned in THIS country. The Labour plan is to try and tax income earned in other countries as well.

Mind you Balls wasn't convinced about it in January:

LABOUR’S vow to close a tax loophole for rich Brits was in tatters this morning – as it emerged Ed Balls had savaged the idea in January.

Ed Miliband has pledged to end the “non-domicile” status which allows more than 100,000 UK citizens avoid tax on their overseas income.

But the plan looked in danger of unravelling this morning as it emerged some will still be able to take advantage of the perk if they are only living in Britain temporarily.

An interview also emerged of Shadow Chancellor Mr Balls trashing the proposal just three months ago, claiming it would cost the Treasury money as tycoons move to lower tax regimes abroad.

Mr Balls said: “If you abolish the whole status it will end up costing Britain money because some people will leave the country.”

Mr Balls has also admitted he did not know how much extra cash it would raise.

Paywall linky, sorry

BTW Damien the £100,000 amount was being bandied about on R4 this morning but it might only apply to the super rich. Sub-millionairs pay less, down to £30,000 I'm given to believe.