Chancellor is keen to mollify wealthy global investors and attract foreign investment into the UK
Rachel Reeves is considering caving in to City lobbying and softening changes to inheritance tax that affect wealthy individuals who would previously have been “non-doms”, reports suggest.
In her autumn budget, the chancellor confirmed that she would scrap the non-dom tax status, which allowed wealthy individuals with connections abroad to avoid paying full UK tax on their overseas earnings.
Chancellor is keen to mollify wealthy global investors and attract foreign investment into the UKBusiness live – latest updatesRachel Reeves is considering caving in to City lobbying and softening changes to inheritance tax that affect wealthy individuals who would previously have been “non-doms”, reports suggest.In her autumn budget, the chancellor confirmed that she would scrap the non-dom tax status, which allowed wealthy individuals with connections abroad to avoid paying full UK tax on their overseas earnings. Continue reading… Rachel Reeves, Politics, Inheritance tax, Tax, Money, Economics, Business, UK news, The super-rich Business | The Guardian
