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...A lot of non-doms are in their thirties or forties and working. They’re not engaged on inheritance tax issues as it’s too early for them to be focused on that,” he said....
...“No one has calculated the opportunity cost of HMRC pursuing loan schemes for lots of people who can’t pay.”...
...Labour’s non-dom policy did an awful lot of work for the party....
...Dawn Register, head of tax dispute resolution at BDO, an accountancy firm, says there is “a lot of emotion around [inheritance tax] as it’s linked to someone’s death”....
...It says a lot that George Osborne, the UK’s chancellor from 2010 to 2016, attempted to remake the relationship between citizen and state, but is equally remembered for trying and failing to introduce VAT...
...But the regime outlined by Hunt is a lot less generous than the scheme it replaces. An estimated 5,500 people are set to pay UK tax on their foreign income and gains from 2025....
...“There will be a lot of noise . . . but very few actual relocations,” the banker predicted....
...This niche part of the tax code got a lot of attention because the Labour party wanted to put “scrapping non-dom rules” in its manifesto. Now it can’t....
...I also think it’s a pretty good guess that the question of who pays those higher taxes will change quite a lot, as part of the game of politics is to get the other lot’s voters to pay for things....
...Bad news for Labour Labour’s plan to replace the existing non-dom system does an awful lot of work: it promises the funds to the NHS workforce and to breakfast clubs in primary schools, both of which will...
...A doorstep election issue, there is a lot riding on the successful implementation of this policy....
...“A lot of people confuse that we are an industry that hates regulation, that’s exactly the opposite: we love regulation,” he added....
...But you have to add up quite a lot of reliefs to get anywhere useful,” he added....
...Tax avoidance, Keynes once said, is a uniquely rewarding intellectual pursuit. But in the corporate world, it is set to become a lot less lucrative....
...There is “always a lot of leeway in a budget as large as the UK’s”. Eagle added, but cautioned: “Will it be easy? No it won’t.”...
...The thing lots of Treasury wonks will tell you is the other joy of using national insurance is because it’s a more popular tax than income tax....
...On Wednesday there was a lot of shouting. “This is impossible,” fumed the deputy speaker. “Could you please shout more quietly?” Quiet shouting made only marginally less sense than Hunt’s tax cuts....
...“We’re still having to do a lot of the transaction work that we would have had to do under a traditional tax equity deal,” said Bryan Eckstein, a senior vice-president at ForeFront Power, one of the largest...
...“This is one of many distortions in our overcomplicated tax system that I look at when it comes to every Budget. There are lots of things I’d like to change....
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