Paul Knox, director of private client services at E&Y, said the government should look at the many overseas individuals who liked using the UK to set up trusts because of their confidence in the legal system and the strength of its financial advisory sector.
He said introducing such tax exempt trusts for non-residents would mean ‘many new jobs for people in the financial services sector, all of them paying UK tax and contributing to the economy’.
The Budget speech takes place on 17 March.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice