This figure shows the drop in number of non-doms in official HMRC stats. The article claims the “UK loses half its non-dom taxpayers since 2015”.
This is misleading.
(Sidenote: the numbers used here include non-resident non-doms who, by definition, don’t live in the UK.)
2/8
Sep 26, 2022 • 6 tweets • 3 min read
I think people haven’t yet priced in exactly who gains from abolishing the 45p rate…
This isn’t about cuts for people on £150k, or even £200k. Most of the gain goes to those *much* higher up.
I did some further analysis using HMRC data (with @arunadvaniecon and @Summers_AD) 🧵
Only 10% of the gain from cutting the 45p rate goes to people with incomes of £150-250k.
*Two thirds* go to those with incomes over £500k. That’s about 50k people = top 0.1% of UK adults.
Even more striking: almost *half* of total tax saving goes to ‘income millionaires’.
Jun 15, 2020 • 8 tweets • 6 min read
First (excellent!) paper (by @CdeChaisemartin & D'Haultfœuille) pointing out flaws of the two-way fixed effects estimator in presence of variation in treatment timing and heterogeneous (or time-varying) tr. effects to be published.
Trying to contribute to the public good that is #econtwitter, a short thread. 1/10
voxeu.org/article/wealth…
Column is based on their recently updated working paper in which they exploit wealth tax reforms in Switzerland (OECD country with highest share of wealth tax revenue) to estimate semi-elasticity of taxable wealth. 2/10
