Lobby group urges Rachel Reeves to rethink non-dom tax hike to prevent exodus of wealthy residents

Chancellor Rachel Reeves faces pressure from lobbyists representing 74,000 non-doms to reconsider tax changes, fearing wealthy residents may leave the UK.

Leslie MacLeod-Miller emphasized the urgency by stating, ‘Britain is turning into a departure lounge, and without changes, we risk losing valuable investment and tax revenue.’

Government officials, while defending proposed changes, aim to replace the non-dom system to address unfairness and raise revenue for public service rebuilding.

The lobby group suggests a tiered tax system for non-doms—wealthy individuals could pay between £200,000 and £2 million annually, depending on their wealth.

Read at Business Matters