TaxPersonal TaxUS weighs into non-dom wrangle

US weighs into non-dom wrangle

American envoys report that they have been in crunch talks with US companies and taxpayers operating in the UK on the threat of double taxation

US envoys are making last ditch attempts to have non-dom proposals fine-tuned
so that American citizens avoid a double taxation hit.

Plans are in place to charge non-domiciled residents an annual levy of
£30,000 if they have been working in the UK for more than seven years, but the
particular wording of the legislation may see US citizens suffer twice because
they cannot offset the charge against US tax on worldwide income.

Richard LeBaron, charge d’affaires for the US embassy in London told the
Financial Times: ‘The embassy has been consulting widely and hearing the
concerns of American companies and taxpayers in the UK. We are communicating
those concerns to HM Treasury and others in the UK government as part of our
regular dialogue with them.’

Further reading:

Lord Mayor of London
attacks non-dom policy

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

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

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

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

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
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

4m 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

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

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

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor