Reform Party proposes tax measures to retain wealthy non-doms in the UK

1 min read
Source: BBC
Reform Party proposes tax measures to retain wealthy non-doms in the UK
Photo: BBC
TL;DR Summary

Reform UK proposes allowing non-doms to pay a £250,000 fee to avoid UK taxes on foreign income, wealth, and inheritance, with the proceeds benefiting low-income workers. Critics argue the plan favors the wealthy and could reduce government revenue, while supporters claim it will attract entrepreneurs and risk-takers to the UK.

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