Reeves thinks about easing inheritance tax reforms due to backlash from non-doms
Changes in Tax Status Considered by Rachel Reeves Rachel Reeves is thinking about moderating changes to urban lobbying and inheritance taxes aimed at wealthy individuals who were previously considered “non-doms.” This comes after the Prime Minister announced in her fall budget that the non-dom tax status would be eliminated. This status had allowed affluent people […]
Non-doms are threatening to leave. Should they be convinced to stay? – podcast | News
Prime Minister Jeremy Hunt announced in the spring budget that the government intends to abolish the ‘non-residency’ system. The scheme has allowed billionaire Basim Haidar and 68,800 other non-residents to avoid paying UK tax on their overseas income. For the past 225 years. It is expected to raise £2.7bn a year. The Guardian’s wealth correspondent […]