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By Ali Lyon Leading city figures have urged the government to adapt its planned reforms to the non-dom tax regime, after it was revealed that Treasury officials are concerned that the reforms may not raise any money. Labour has promised to scrap the non-domicile (non-dom) regime – a tax status that allows wealthy foreign nationals only to pay tax on income and asset gains earned in the UK – and had planed to funnel the money it would raise into public services. But after a slew of warnings that the crackdown was prompting an exodus of those who claim the status, the government is worried that …

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