The Lord Mayor of London has said that the imminent non-dom overhaul
threatens the prosperity of the whole country.
Alderman David Lewis said the proposals formed the British equivalent of
Sarbanes-Oxley, because the £30,000 levy would dent the popularity of London as
a listing destination in the same way the tough controls laws did in the US.
A survey by the City Corporation found that London’s lead over New York has
‘dropped significantly’, partly because of the non-dom proposals, Alderman Lewis
Alderman Lewis made the incendiary comments at the annual trade and industry
dinner at Mansion House,
Financial Times reported.
He urged John Hutton, business secretary and guest speaker at the dinner, to
heed the City’s views.
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