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But a lot of them are paying little or no tax anyway, due to trusts, shell companies and other financial engineering.


They still had to pay at least the basis charge, which was 30 or 60k per head depending on how long they were here for. That alone should have more than covered the cost of providing civic services to them.


If they come and live in 10M house it's 300k/year right there if you tax properties/land (you can use progressive rate so it's higher on most valuable properties). Add consumption taxes and every rich Chinese/Arab kid is sponsoring welfare for few dozens people per year.


The yearly council tax of a £10M house in central London is the same as a £320K house:

https://www.westminster.gov.uk/council-tax/council-tax-bands...

So where did you get £300K/year from? Or are you saying that is what it should be?


Yes, I am saying tax land/real estate instead of complaining rich people want to live in it.




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