Wealthy UK Non-Doms: Start Planning for New Labour Government

The “non-dom” tax regime has recently been subject to increased controversy that allows for some top earners in the UK to be subject to low tax rates. More than one in 10 residents of some of London’s wealthiest neighborhoods have claimed “non-dom” status at some point. Furthermore, more than 20% of top earning bankers in the UK have benefitted from “non-dom” status, according to a London School of Economics and University of Warwick report. Finally, non-doms also make up a sizeable share of top earners in the UK – those in the top 1% earning over £125,000 annually – ...