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Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. The chief executive of Canada’s largest bank has warned the UK government against introducing a new wealth tax, saying it would compound the exodus of rich people from the country following the abolition of the … Read more
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. The exodus of wealthy UK residents following last year’s Budget has hit the market for butlers, housekeepers and security guards in London’s largest homes. Many of the rich non-doms who left the UK after changes … Read more
The U.K.’s overhauling of a divisive tax regime that allowed international millionaires to live in the country while paying lower taxes is triggering an exodus of the rich. A new system replacing the lucrative “non-domicile” tax status took effect on Apr. 6, requiring those with a permanent home abroad but living in the U.K., to … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Steel tycoon Lakshmi Mittal is preparing to leave the UK in response to a government crackdown on non-domiciled residents, making him one of the wealthiest entrepreneurs to move because of the tax reform. The Indian … Read more
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. UK ministers are expected to reverse a technical element of Labour’s non-dom tax changes relating to money held in overseas bank accounts as they steer legislation to enact the October Budget through parliament. A provision … Read more
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