Rule changes will trigger a non-dom gotterdammerung Opinion Inheritance tax for non-doms poses a real risk of capital flight that could drive away jobs and risk public spending commitments, says Leslie MacLeod-Miller The UK is on the brink of economic self-sabotage. Proposed changes to the non-domicile (non-dom) tax regime could trigger a mass exodus of investors, taking jobs and tax revenue with them. [...]
Non-dom policy change could lead to ‘exodus’ of wealthy investors, study finds Economics Planned changes to the non-dom tax regime could trigger a “mass exodus” of wealthy investors from the UK, costing the taxpayer around £1bn by the end of this parliamentary term, a new report has warned. The study from Oxford Economics, which polled 72 non-doms and over 50 tax advisors, found nearly two thirds of people [...]
Non-doms are paying record taxes, but Labour will shove them out the door David Lesperance The wealthiest non-doms are packing their bags and taking their outsize contributions to the exchequer with them, and that’s just the start of the exodus of the wealthy that will occur if Labour implements its plans, says David Lesperance “London is nice… but it’s not that nice!” These were the words of one of my [...]