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.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy