UK in ‘Open Dialogue’ on Rich Foreigner Taxes, Minister Says

The UK is in ongoing discussions with wealthy foreigners about the taxes they pay in Britain, following a backlash against a fresh crackdown on the so-called non-dom regime by Chancellor of the Exchequer Rachel Reeves.

“There’s been a really open dialogue with Indian investors and the Chancellor about these schemes,” Investment Minister Poppy Gustafsson said in an interview with Bloomberg in New Delhi Wednesday, when asked if the government is preparing to make any changes to its tax plans.

“There’s been a lot of open conversations. She’s heard their concerns and talked to them openly about the challenges she’s ...