Labour's non-dom tax policy was presented by Rachel Reeves as pivotal to raising £1bn in the first year to fund increased NHS and education services but experts are now skeptical.
Research by the LSE supports the significant revenue potential of abolishing non-dom status, estimating an annual yield of £3.2bn, with minimal predicted emigration among non-doms.
Treasury officials are concerned about the OBR's evaluation of Labour's non-dom policy, fearing its potential failure to generate expected revenue due to possible flight of wealthy individuals.
The initial review from the OBR aligned with LSE's projections, yet it underlined the uncertainty around the fiscal impact if high-income non-doms decide to leave the UK.
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