The UK’s Labour party has promised to reform non-domicile tax rules should it win the upcoming election, a move that experts warn would lead to wealthy foreign residents to re-think their stay in the country. UK’s Current “non-dom” rules exempt foreign offshore earnings from tax, though an annual charge is levied on long-term residents wishing to exempt their non-UK income from taxation.
Source: FT
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Author: Colin R. Singer
https://www.investmentimmigration.comColin R. Singer is Managing Partner of investmentimmigration.com and immigration.ca
and one of Canada’s foremost senior corporate immigration attorneys.
He is recognized as an experienced authority on Canadian immigration matters as well as the international residence-by-investment industry through investmentimmigration.com. He is a licensed immigration lawyer in good standing with a Canadian Law Society during the past 25+ years.