Quelle surprise! Labour may water down its plan for ending non-dom tax status.
The previous, Tory, government stopped the condition after it was revealed that Rishi Sunak’s non-dom wife Akshata Murty (pictured with him) was avoiding huge amounts of tax.
It seems this is because scrapping two concessions made by the previous government might not raise the £1 billion Labour thought it would, or indeed any money at all.
The money is earmarked in the Labour manifesto for extra hospital and dental appointments and school breakfast clubs.
Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!
But the concessions were made to reduce the incentive for wealthy foreigners with a permanent home abroad to emigrate, which would mean any money raised by the loss of non-dom status would be lost again because those who would be paying it would no longer live in the UK.
So now Rachel Reeves and her Treasury team may have to water down their plans – and possibly even forget them altogether.
That will add another £1 billion to the financial “black hole” Reeves keeps banging on about. How will she cope with that?
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Be among the first to know what’s going on! Here are the ways to manage it:
1) Register with us by clicking on ‘Subscribe’ (bottom right of the home page). You can then receive notifications of every new article that is posted here.
2) Follow VP on Twitter @VoxPolitical
3) Like the Facebook page at https://www.facebook.com/VoxPolitical/
Join the Vox Political Facebook page.
4) You could even make Vox Political your homepage at http://voxpoliticalonline.com
5) Join the uPopulus group at https://upopulus.com/groups/vox-political/
6) Join the MeWe page at https://mewe.com/p-front/voxpolitical
7) Feel free to comment!
And do share with your family and friends – so they don’t miss out!
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Buy Vox Political books so we can continue
fighting for the facts.
Cruel Britannia is available
in either print or eBook format here:
The Livingstone Presumption is available
in either print or eBook format here:
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
Labour may water down its plan for ending non-dom tax status
Quelle surprise! Labour may water down its plan for ending non-dom tax status.
The previous, Tory, government stopped the condition after it was revealed that Rishi Sunak’s non-dom wife Akshata Murty (pictured with him) was avoiding huge amounts of tax.
It seems this is because scrapping two concessions made by the previous government might not raise the £1 billion Labour thought it would, or indeed any money at all.
The money is earmarked in the Labour manifesto for extra hospital and dental appointments and school breakfast clubs.
Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!
But the concessions were made to reduce the incentive for wealthy foreigners with a permanent home abroad to emigrate, which would mean any money raised by the loss of non-dom status would be lost again because those who would be paying it would no longer live in the UK.
So now Rachel Reeves and her Treasury team may have to water down their plans – and possibly even forget them altogether.
That will add another £1 billion to the financial “black hole” Reeves keeps banging on about. How will she cope with that?
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Be among the first to know what’s going on! Here are the ways to manage it:
1) Register with us by clicking on ‘Subscribe’ (bottom right of the home page). You can then receive notifications of every new article that is posted here.
2) Follow VP on Twitter @VoxPolitical
3) Like the Facebook page at https://www.facebook.com/VoxPolitical/
Join the Vox Political Facebook page.
4) You could even make Vox Political your homepage at http://voxpoliticalonline.com
5) Join the uPopulus group at https://upopulus.com/groups/vox-political/
6) Join the MeWe page at https://mewe.com/p-front/voxpolitical
7) Feel free to comment!
And do share with your family and friends – so they don’t miss out!
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Buy Vox Political books so we can continue
fighting for the facts.
Cruel Britannia is available
in either print or eBook format here:
The Livingstone Presumption is available
in either print or eBook format here:
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
you might also like
Osborne wants a ‘year of hard truths’. Here’s one: He’s HIDING the truth
Divisions in Coalition as MPs demand independent inquiry on poverty
Peter Oborne is right to support the 50p tax rate