The Labour Party has set out its plans to reduce the tax gap and reform the rules concerning the taxation of non-UK domiciled individuals. While the party should not be criticised for wanting to tackle either of these issues, the party’s policy seems to be based on misleading data, and its non-dom reforms represents a missed the opportunity to turn the Chancellor’s proposals into a competitive and compelling regime that would benefit the UK economy.
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The Labour Party has set out its plans to reduce the tax gap and reform the rules concerning the taxation of non-UK domiciled individuals. While the party should not be criticised for wanting to tackle either of these issues, the party’s policy seems to be based on misleading data, and its non-dom reforms represents a missed the opportunity to turn the Chancellor’s proposals into a competitive and compelling regime that would benefit the UK economy.
If you are not a subscriber, subscribe now to read this content.
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