Nine senior City figures are to quit the UK following the chancellor’s
crackdown on non-domiciles, it has emerged.
Daily Mail reported this morning that nine top executives – from companies
including Ernst & Young, Bear Sterns, Bank of America and McDonald’s – were
planning to go.
The paper said that the nine represent only the ‘tip of the iceberg’ and that
hundreds of non-doms will quit the UK for destinations with less punitive tax
London mayor Ken Livingstone has expressed fears that the moves will have a
serious impact on the UK’s status as a business community.
The changes mean a £30,000 levy for non-doms who stay longer than seven
years, and a crackdown on the remittance rules which prevent non-doms bringing
cash earned offshore into the UK tax-free.
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