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

[marioIT]

Bloomberg - Going, Going, Gone: UK Non-Dom Exits Quicken After Tax Perk Ends

just a few in the news:

1. Top Goldman Sachs banker quits UK after non-dom change (moving to Milan)
2. Billionaire Livingstone brothers leave UK over tax changes (to Monaco)
3. Steel magnate Lakshmi Mittal is contemplating leaving the UK (CH or UAE?)
4. Aston Villa’s non-dom owner leaves UK for Italy (to Italy)
5. Frederic de Mevius, a 66-year-old member of AB InBev SA's founding families, has switched his residency from the UK to his native Belgium
6. Ricardo Leiman, chief investment officer for London-based hedge fund KLI Asset Management (to Italy)

 

[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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