Learn more

By Ali Lyon Scrapping the non-dom tax regime could cost the UK £6.5bn and 23,000 jobs in the next ten years, a think tank has claimed in a report whose findings were questioned by leading academics. The study, published by free market think tank the Adam Smith Institute (ASI), suggests that abolishing the special status for wealthy foreigners would lead to over a quarter of non-doms leaving the UK, triggering a steep reduction in tax take, investment and wealth creation. The ASI, whose patrons include former Chancellor Nadhim Zahawi and ex-Conservative Party chair Brandon Lewis, recommends the…

cuu