If the world is a single society, then perhaps acceptable, but I do not think every society is the same nor has the same values.

Therein the UK may now be subsidizing societies that would otherwise fail whilst weakening its own.

From a personal and company point of view, depending on how high the tax becomes, should avoid these countries.

That said, okay with low VAT/GST (transactional tax for living in the said society) to pay government for police protection, Law courts, and military defense.

So whichever way this is looked at, think the UK will lose overall. Just sounds socialist in nature which has always failed humanity.