Tag: Non-doms

A snowballing exodus of high-earners from Britain – the top 5% of whom pay half of all income tax – is a disaster for Rachel Reeves brought on by her own war on wealth, financial advisers have warned.

Treasury officials are warning that a Labour tax rise on 'non-doms', far from raising more cash, will cost money instead. The Government is on a steep learning curve that punishing taxes don’t work, says Matthew Lynn.

The so-called Conservative party has mooted removing non-dom tax status as a way of raising more tax revenue. It's unlikely to work, says Mr Chips. Focusing on creating value would be a much better place to start.