Jeremy Hunt could scrap non-dom status to fund tax cuts in Budget
- Chancellor Jeremy Hunt is considering scrapping or reducing "non-dom" tax rules to raise funds for national insurance cuts in the upcoming spring budget.
- The non-domiciled tax regime allows individuals to save on taxes by only paying on UK earnings, not overseas income, for up to 15 years.
- Labour has proposed limiting benefits for non-doms to four years, while Tories view the system as vital for attracting wealthy individuals to the UK.
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Hunt considers poaching Labour’s plan to scrap non-domiciled tax rules
Chancellor mulling scaling back tax break as last-minute option to generate revenue, after previously criticising policyJeremy Hunt is considering scrapping Britain’s non-domiciled tax rules in next week’s budget, it has been reported, in a move that would see him poach one of Labour’s key fiscal policies.The decision is understood to be on a list of revenue-generating options drawn up for the chancellor and Rishi Sunak after economic estimates …
·London, United Kingdom
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Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
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50% Center
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C 50%
R 25%
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