TaxPersonal TaxGovernment website promotes UK as ‘tax haven’

Government website promotes UK as ‘tax haven'

Website highlights generous tax treatment of foreign residents

A UK government website –
The UK Trade and Investment
website
is promoting the UK as a ‘tax haven’ by
highlighting its unusually generous tax treatment of foreign residents, the
FT
reported.

The purpose of the message is to attract wealth creators.

But according to the FT, the move is likely to increase unease about
the perceived unfairness of the rules, given the non-domiciled status of some
political donors and the prominence of wealthy foreigners in league tables of
the UK’s richest people.

Commenting on this initiative, PwC partner Mike Curran said the UK was the
only tax haven which has the high degree of respectability sought by the
international business community 

Further reading:

Report accuses Big Four of legitimising tax havens

Monaco millionaires face crackdown

Gibraltar decision a relief for online gaming firms

Related Articles

HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

1w Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2w Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

2m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

4m Emma Smith, Managing Editor
Rangers tax case to have ‘dramatic’ consequences for football and business

Legal Rangers tax case to have ‘dramatic’ consequences for football and business

4m Emma Smith, Managing Editor
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

3m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

3m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

3m Alia Shoaib, Reporter