Farage is right to try to woo back non-doms like me, but it may be too late
Nigel Farage is right to try to address the non-dom exodus, but it may be too late as many of us have already made the difficult decision to leave, says Dr Ann Kaplan Mulholland
The recent non-dom exodus from the UK has thrown the nation’s economy into a tailspin. Originally established in 1799 to attract wealthy investors, the non-domicile tax regime was like a red carpet rolled out to invite affluent foreigners to make England their home. For centuries, the wealthy flocked to the UK, bringing their capital, businesses and a certain je ne sais quoi that made the country not just picturesque, but also a thriving powerhouse for business.
Fast forward to today, and we find the government has decided to play tax chicken with some of its most valuable contributors. First, let’s talk about the decision that sparked this exodus. The new deal? Non-doms would now have to pay taxes on their........
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