Universities have warned that the changes to non-dom taxation will make it
more difficult to attract and retain leading academics at UK institutions.
The FT reports that the changes, forcing non-doms to pay a £30,000
levy to keep offshore income tax free, could also affect donations to
Malcolm Grant, provost of University College London, said the changes would
‘potentially undermine some very long-term strategic planning’ undertaken by
universities to attract talent.
London Business School deputy dean Julian Birkinshaw said he was worried
about recruiting international staff. Only 17 of the London Business School’s 93
staff are British.
There are also fears that non-doms, who have donated cash to universities,
will no longer do so.
‘If these individuals move out of the UK, it will not only be the arts that
will suffer a drop in support, but British universities also,’ Richard
Gillingwater, dean of Cass Business School, told the FT.
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