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Jeremy Hunt could scrap non-dom status to fund tax cuts in Budget
- The Chancellor is considering eliminating the tax status of non-domiciled individuals, who only pay UK tax on earnings made in the UK.
- Treasury officials are exploring options to increase tax revenue or cut spending to afford tax reductions for millions of people.
- Labour is expected to question voters' financial well-being compared to previous elections during the upcoming Budget.
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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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Total News Sources8
Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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