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
Non-domiciled residents
Resources
UK plans to tax non-domiciled residents more heavily has sparked fears that an exodus of smart workers could hurt the economy
Osborne offers tax change consultations
George Osborne, shadow chancellor, promised an end to stealth taxes and chaotic tax reforms, committing a Conservative government to a radical reform of the way complex tax changes are introduced
Lords criticise non-dom taxes
Peers say changes are ‘essentially unworkable’
Migration fears could add to skills shortages
Climate of hostility could harm UK companies
Europe must get immigration right
Sarkozy’s plan is a starting point for debate, no more
Employers struggle with migrant labour law
Only 1 per cent of Britain’s employers had applied to hire migrant labour
Related content and features
Comment and Analysis
Blighted kingdom? How tax changes are spurring non-doms to vote with their feet
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
Leona Helmsley remains alive in Britain
‘Only the little people pay taxes’ – that is the principle behind all the screaming about non-dom taxation, writes Martin Wolf
Less gold to pave London’s streets
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
Personal finance
Canny moves may save foreigners’ cash
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.
Non-doms could be driven to seek more agreeable locations
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.
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