UK to ease tax rules for wealthy foreigners

UK to soften tax rules for wealthy foreigners after millionaire exodus, Rachel Reeves says
The U.K. is to soften some planned changes to its controversial non-dom tax rule following concerns of a millionaire exodus, the Treasury has confirmed.
Reeves to Relax UK Non-Dom Rules Amid Millionaires Leaving
Chancellor of the Exchequer Rachel Reeves said she will relax some of her changes to the UK’s tax regime for wealthy foreigners, known as “non-doms,” amid concerns the Labour government’s policies are pushing millionaires to leave the country.
UK to ease tax rules for wealthy foreigners: what Rachel Reeves’ ‘more generous’ repatriation plan means
The UK government plans to amend its non-domiciled (“non-dom”) tax regime in response to concerns over an exodus of wealthy individuals, Treasury officials have confirmed. These changes aim to encourage non-doms to invest and spend more in the UK while addressing critiques of the longstanding tax rules.
UK softens stance on non-resident tax rules amid exodus
CNBC reports that the United Kingdom plans to ease the proposed changes to the controversial tax rules for non-residents. The American broadcaster notes that nearly 11,000 millionaires left the country last year.
Reeves to water down tax raid on non-doms after exodus of millionaires
The chancellor is to amend some of the changes to tax rules for non-domiciled individuals announced in October’s Budget
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