Foreign lawyers court non-doms

Non-doms offered seminars on international jurisdictions in the wake of UK's 'own goal'

Written by Alex Hawkes

International lawyers are swarming over the UK's 'non-doms' in an attempt to convince them of the merits of moving to other low-tax destinations.

The government is changing the set-up for non-domiciled residents, hitting them with a new £30,000 charge if they stay more than seven years and tightening the remittance rules which prevent them from bringing in tax free the cash they have earned offshore.

Advertisement

The Telegraph says that Dutch firm Loyens & Loeff is organizing a seminar called 'Quo Vadis' on March 6 to fly in lawyers from Belgium, Holland and Switzerland to explain the tax advantages of each jurisdiction.

The paper says this is typical of the activity of international law firms at the moment.

One leading tax adviser is quoted adding: 'The UK Government really has no idea how much of a spectacular own-goal it has scored. It is totally depressing how many Irish, Swiss and Dutch lawyers are swarming all over our clients now in London, and the clients are listening to what was previously dismissed as jealous propaganda.'

Further Reading:

Tags:

  • Have your say
  • Send to a friend
  • Share
  • Print

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

The Top 50 +50 survey 2009

All the news, views and analysis on our 2009 Top...

Elizabeth Rumsey, Virgin Galactic's FD

Profile: Elizabeth Rumsey, Virgin Galactic's FD

While Richard Branson and his Virgin Galactic team chase the...

How To guides

The archive of Accountancy Age's How To guides

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Should chancellor Alistair Darling lose his job for claiming for tax advice?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement

Advertisement