Tax changes to hit foreign-based workers

Link: Wealthy foreigners to lose tax benefits

Among the proposals being considered by the Treasury is the possibility that foreigners who have lived in the UK for decades, but claim to be domiciled outside the country, could now become liable for tax on their worldwide income and capital gains.

However, foreigners with special skills who come to the UK for a limited time on special visas, could be given tax incentives for the duration of their stay.

It is estimated that the Treasury could pull in revenues of between £1bn and £1.5bn through reform of tax laws for foreigners.

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