Encouraging companies to stay in Britain

What has led Experian and Shire to leave is the fear that the UK will start to charge tax on their overseas activities, write David Sproul and Bill Dodwell
UK plans to tax non-domiciled residents more heavily has sparked fears that an exodus of smart workers could hurt the economy
A survey by the FT has revealed a level of dissatisfaction with Gordon Brown’s tax regime among some of the UK’s largest groups, while one company is considering moving overseas
Chancellor responds to exodus concerns
’Non-dom’ changes restore appeal, firm says
Rise partly due to surging property demand
Assets bought by April 5 exempt from hefty taxes

What has led Experian and Shire to leave is the fear that the UK will start to charge tax on their overseas activities, write David Sproul and Bill Dodwell

Foreigners based temporarily in Britain will learn this week how the Treasury is to alter their fiscal treatment. The effect on the economy could be incalculable

‘Only the little people pay taxes’ – that is the principle behind all the screaming about non-dom taxation, writes Martin Wolf
Some non-domicile changes are justified. But after weakening this aspect of London’s appeal, the UK government must find other ways to strengthen it
Some accountants are already advising their foreign clients to take steps to protect their holdings from tax – even though they haven’t had a chance to review draft legislation on the new tax regime for “non-domiciled” UK residents.
To wealthy foreign workers the UK has become something of a high class playground, offering culture, glamour and attractive business opportunities that can be enjoyed within the parameters of a favourable tax regime.