stackyFACTSIf you want to know why so many classic British rock stars suddenly moved to France or America, look no further than the tax code.
If you want to know why so many classic British rock stars suddenly moved to France or America, look no further than the tax code. Under a bizarrely punitive regime, the top marginal tax rate on 'unearned income' hit 98% in the UK. The government essentially looked at the wealthiest citizens and decided they were only legally entitled to two cents of every dollar they made. Unsurprisingly, tax evasion became a national sport.
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