|
|
18 Apr 2002
The move will be seen as a stalling tactic to relieve pressure from the Labour party, which has received donations from prominent 'non-doms' including Lakshmi Mittal, the steel tycoon.
But any change to the tax status of wealthy foreigners could be harmful to the UK economy according to tax experts.
Loughlin Hickey, head of tax at KPMG, said the combined affect of a review of the tax rules and the increase in national insurance contributions would make the UK a less attractive location for top business people.
He said: 'There will be concern that these measures will make the UK a less attractive place to locate to in the longer term.'
Previous attempts to reform the rules have met with such fierce opposition that governments have backed off from making any changes.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment