International lawyers are swarming over the UK’s ‘non-doms’ in an attempt to
convince them of the merits of moving to other low-tax destinations.
The government is changing the set-up for non-domiciled residents, hitting
them with a new £30,000 charge if they stay more than seven years and tightening
the remittance rules which prevent them from bringing in tax free the cash they
have earned offshore.
Telegraph says that Dutch firm Loyens & Loeff is organizing a seminar
called ‘Quo Vadis’ on March 6 to fly in lawyers from Belgium, Holland and
Switzerland to explain the tax advantages of each jurisdiction.
The paper says this is typical of the activity of international law firms at
One leading tax adviser is quoted adding: ‘The UK Government really has no
idea how much of a spectacular own-goal it has scored. It is totally depressing
how many Irish, Swiss and Dutch lawyers are swarming all over our clients now in
London, and the clients are listening to what was previously dismissed as
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