If this is true:
The climbdown means the tax authorities will be restricted to taxing the UK earnings of non-doms and money they bring into the country.
Then we’re back to where we started, with the addition only of the £30k annual fee.
Why is it though that I don’t believe this? The CGT changes, for example, contain the abolition of inflation indexation….what is there still lurking in the Non- Dom proposals?
1 response so far ↓
1 Mark Wadsworth // Feb 13, 2008 at 11:30 am
That was the plan all along - if you want to continue to be taxed on a remittance basis, you have to pay £30k for the privilege.
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