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
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals