Yes, that's what the U.K. experience showed, and there have been other mentions this morning that a lot of it is existing money that is moved from places where tax would be collected on it to a place where a tax will not be collected on it.
Associate Professor, Taxation, Goodman School of Business, Brock University, As an Individual
Yes, that's what the U.K. experience showed, and there have been other mentions this morning that a lot of it is existing money that is moved from places where tax would be collected on it to a place where a tax will not be collected on it.
See context to find out what was said next.