‘Petrified’ non-doms poised to flee UK over Labour’s tax plans

[Martin Everson]

Britain braces for £111bn shortfall after Reeves’s non-dom clampdown​

https://www.yahoo.com/news/non-dom-crackdown-cost-britain-114450094.html

The non-dom exodus is harming‌ London’s housing market

https://uk.finance.yahoo.com/news/non-dom-exodus-harming-london-091818646.html

 

[cherry]

Socialists are perpetually stupid yet think they're so right and moral. With them, it's ideology‌ over logic.

 

[Martin Everson]

Reeves considers U-turn on non-dom crackdown to halt exodus of wealthy​

https://www.msn.com/en-gb/money/oth...ackdown-to-halt-exodus-of-wealthy/ar-AA1GWfA7

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Rachel Reeves‌ is considering climbing down on her non-dom crackdown to stem the flow of ultra-rich taxpayers‍ leaving the UK.

The chancellor is deciding whether to U-turn on the decision to tax⁠ non-domiciled individuals inheritance tax based on their global assets.

Britain lost a net 10,800 millionaires⁤ last year, a 157 per cent increase on 2023, including 78 centi-millionaires (worth at least⁣ £100 million) and 12 billionaires. They left for other countries mainly in Europe, such as⁢ Italy and Switzerland, as well as the United Arab Emirates.
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