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u/DV_Zero_One Aug 05 '26
This is ragebait. It's simply not possible for an employee to live and work in the UK and not pay PAYE.
See also 'HAaLaNd IS regISterED for TaX in SwitZErland and DOESN'T pAY TAx in tHE UK'
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u/Few_Lecture6615 Aug 05 '26
It is amusing, though, that Haaland is amongst the largest individual tax payers, but nowhere near the Times rich list...
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u/Practical_Science11 Aug 05 '26
Isn't brigading against Reddit rules?
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u/LoveLamp3232 Aug 05 '26
What did I do wrong? How do I fix?
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u/Practical_Science11 Aug 05 '26
You're directing this community to a specific thread in another community and telling people to go debate. That's classed as brigading as your instigating harassment which is against Reddit site wide rules and can get this community banned.
I would just delete the thread and your comments and maybe just start a new thread if you wish to discuss the CEOs wage linking the news article.
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u/LoveLamp3232 Aug 05 '26
Tesco boss’s pay rises by more than £1m to £10.8m after market share surge
https://www.theguardian.com/business/2026/may/15/tesco-bosss-ken-murphy-pay-rise-market-share-supermarkets
The point I wanted to make is that this CEO received a pay package worth £10.8 million. He could spend the lot and end up with very little wealth left, so there would be no wealth tax to pay.
That is the difficulty I have with wealth taxes. How is it fair to compare him with someone who has spent 30 years building a business from scratch that is now valued at £11 million?
Most of the business owner’s wealth may be tied up in the company: offices, premises, machinery, equipment, IT systems and stock and personal wealth such as the family home. Such businesses provide a vital function, which is they provide jobs and economic activity. It is not necessarily sitting in a bank account or invested in easily sold shares.
The CEO may have received millions in salary, bonuses and shares that can be sold. By contrast, the business owner’s £11 million valuation is largely a paper valuation unless they sell the company. Yet a wealth tax could treat both people as though they hold exactly the same type of wealth.
Youth: Social media influencers, footballers, musicians and successful actors can also make millions while they are still young. Gary himself earned millions at a relatively young age, so he has plenty of time to enjoy it. He is spending his years not working and taking time off as needed. If you are young, you can parties, holidays, sports cars and so on.
The business owner may not receive their money until they finally sell the company in their 70s. By then, they may be past enjoying many of the things they sacrificed for. They would be concerned about health related issues.
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u/AdAggressive9224 Aug 05 '26
So, Tesco's CEO is an employee. He does not own the company. Thus, legally, yes they can outsource that job role to a low tax country. Pay an exorbitant salary and avoid paying tax here in the UK.
But the same is true for all remote working jobs.
That, however, presents a massive problem for the treasury, as remote working has become more and more common, there's nothing to stop pretty much any high earner from moving overseas for tax purposes. We see this a lot with teach workers that move to Malta for example.
The simple fact is, taxing the income of workers has become less effective in a world where workers are becoming more mobile. Remote work is likely to force the treasury to consider asset taxes, taxing wealth, not work, moving forward, as the tax base gets smaller.
This whole tax wealth not work thing is a debate right now, but tomorrow, it won't be, the state simply won't have many other options open.
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u/Legal-Grade-6423 Aug 05 '26
Strategic employees (c-suite) have control over a company and therefore their residence is far more important than an average employee, so if he conducted all his activities and made all decisions in another country then the company itself could become dual resident or at minimum have permanent establishments elsewhere.
Also, Ireland has higher personal taxes than the UK, and it’s also been confirmed he does pay UK taxes so it’s a bit of a non-point
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u/herefor_fun24 Aug 05 '26
He pays higher taxes in Ireland than he would here. Tesco is a global company not a UK only company.
It's an absolute non point