UK super-rich would be ‘bored to death’ in tax havens – survey

Interviews with top earners reveal many are too attached to UK’s cultural institutions and fear stigma surrounding economic migration

The UK’s super-rich “would never leave the country for tax reasons” because they fear they would be “bored to death” in “culturally barren” tax havens, according to new research by experts at the London School of Economics.

Researchers at the LSE interviewed 35 members of the UK’s richest 1% – by wealth or income – and found that none said they would leave the UK for tax reasons. “I wouldn’t go to a tax haven. Can you imagine anything worse than going to a tax haven?” one of the respondents, Leanne, who works in consulting, told the researchers.