UK Chancellor plans to ease tax rules for non-domiciled millionaires to stem their exodus.

UK Chancellor Rachel Reeves plans to soften tax rules for non-domiciled individuals to address concerns over the departure of wealthy Brits. In response to the exodus of over 10,800 millionaires, Reeves intends to amend the Finance Bill to make it easier for non-doms to bring money into the UK without significant taxes, aiming to maintain the expected £33.8 billion in tax revenue. The move follows criticism that Labour's tax policies are driving away wealth creators, potentially harming the UK economy.

2 months ago
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