Tom Richards considers whether recent changes in UK personal tax law made the UK a significantly less attractive location for senior executives relocating from overseas.
It is not just the hotly debated 50% top rate of income tax that is leading many companies to question the commercial viability of sending employees to work in the UK. A number of other important tax reliefs have also been withdrawn or restricted. The effect of these other changes combined with the 50% rate is significant and likely to be a major factor in business decisions regarding relocation of talent to the UK.
A fiscal squeeze
It has been well publicised that the UK top rate of income tax was increased to...
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Tom Richards considers whether recent changes in UK personal tax law made the UK a significantly less attractive location for senior executives relocating from overseas.
It is not just the hotly debated 50% top rate of income tax that is leading many companies to question the commercial viability of sending employees to work in the UK. A number of other important tax reliefs have also been withdrawn or restricted. The effect of these other changes combined with the 50% rate is significant and likely to be a major factor in business decisions regarding relocation of talent to the UK.
A fiscal squeeze
It has been well publicised that the UK top rate of income tax was increased to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: