Migrants Bring GBP 20 Billion in Tax to UK
November 6, 2014 Taxation in UK
LONDON – Migrants coming into the UK pay much more in taxes than they cost the government in welfare, resulting in a net balance of GBP 20 billion since the year 2000.
Over the years between 2000 and 2011 migrants coming into the UK from other countries in the EU were better educated and paid more in tax than they took back in welfare than the average UK citizen, according to information contained in a new report released on November 5th by the non-government organization Center of Research and Analysis on Migration.
In the newly published report, the experts of CREAM showed that over the time period migrants contributed GBP 20 billion more in tax payments than they were paid in welfare, with migrants from the original 15 EU countries paying out GBP 15 billion of the taxes, while migrants from migrants from EU countries in Easter Europe paying out the remaining GBP 5 billion.
It was also shown in the report that 60 percent of the migrants from Western and Southern Europe were already university graduates when they arrived in the UK, and 25 percent of the migrants from Eastern Europe were graduates, while on average only 24 percent of natural UK citizens have degrees.
Photo By: Ronnie Macdonald