UK: end of the non-dom threat?
easyexpat
10 March, 2008 13:31
Dating from the age of the empire, the non-domicile status was designed during the Napoleonic wars in the hope to get cash from workers in America. The law lets foreigners (and their British born children) claim a non-domiciled status and therefore put aside some of their wealth and income from Britain. Thus, 10% of the population living in Britain (bankers, but also east European workers) are entitled to use it , whereas the rest of the population are liable for tax on their income and gain worldwide. (More)
