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.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC