Treasury reconsidering Labour plan for non-dom tax statusThe Treasury is reconsidering Labour's non-dom tax abolition plan due to potential financial losses from wealthy foreigners leaving the UK.
Listen to Jeremy Hunt's U-turn on non-dom taxes over two yearsJeremy Hunt U-turned on abolishing non-dom tax status, now commits to scrapping it for wealthy foreigners.Funds from abolishing non-dom status to be used for tax cuts, aligning with a Labour policy.
Treasury reconsidering Labour plan for non-dom tax statusThe Treasury is reconsidering Labour's non-dom tax abolition plan due to potential financial losses from wealthy foreigners leaving the UK.
Listen to Jeremy Hunt's U-turn on non-dom taxes over two yearsJeremy Hunt U-turned on abolishing non-dom tax status, now commits to scrapping it for wealthy foreigners.Funds from abolishing non-dom status to be used for tax cuts, aligning with a Labour policy.
Jeremy Hunt mirrors Labour policy by axing non-dom tax rulesNon-dom rules axed in the UK, moving towards a residency-based tax system from April 2025.Transitional arrangements in place for current non-doms, encouraging them to bring wealth to the UK.