Rishi Wants To Ban The Non Dom Tax Status…

[Gromit]

Yep, it won't asffect you or me.

But it will save the Sunak household £250 Million.

Time to get rid of these money grubbing tax cheats and buy him a one way ticket to California.
https://www.theguardian.com/politics/2024/mar/31/tory-plans-to-abolish-non-dom-status-riddled-with-loopholes-labour-says

[-SharonA-]

I thought it was scrapped Hunt in his budget.

[-SharonA-]

^^^by Hunt.

[tomus42]

We are already celebrating their demise. Even hard core Tory voters aren't sure who to vote for now.

[cashier]

Time to get rid of these money grubbing cheats and replace them with the next lot of money grubbing cheats. Labour will be no different, just a different name.

[Old_Geezer]

I don't get the justification for this non dom stuff. To start with, one's ability to be a non dom seems weird. And in addition if one makes a profit from a particular nation then morally/ethically it's that nation's tax laws that should apply, as it was that nation and it's citizens the individual extracted their gain from. Other nation's have no moral claim. But if one nation demands they tax the same gain on top, ensuring the individual has paid twice (!), then all nations will likely decide they can have a slice of that cake too. Seems a vast global con to me.

[newmodarmy]

Err...wasn't the abolition of non domestic status something Labour were wanting and planning to do and then Hunt got in first .

 

 

[newmodarmy]

Labour must realise that whether they are in charge or Tories are in charge, and whatever the tax regime, clever accountants and lawyers will always find a loophole.

[Hymie]

As ever, my mate Phil explains the finer points of Sunak’s latest tax fiddles.