Plans to abolish non-dom status will be amended to allow a more generous phase out of tax benefits, Chancellor Rachel Reeves has announced. Reeves told an audience at the World Economic Forum in Davos that changes would be made to upcoming legislation to increase the generosity of a facility to help non-doms repatriate their funds to the UK.
That left Rachel Reeves, Britain’s chancellor, with an uphill task when she arrived at the Swiss alpine town to court investors at the annual meeting of the World Economic Forum. She met a raft of Wall Street bosses,
Her charm offensive in the Swiss resort included meetings with business leaders and public appearances in which she upbraided regulators, promised to ease lending rules, prioritised growth over net zero goals, and pledged to tweak non-dom tax rules.
Supermarket giants have called on the Chancellor to U-turn on her inheritance tax plans which could threaten the UK's "food security".
If Chancellor Rachel Reeves wants to launch a tax raid on the nation's retirement pots she's chosen the right man for the job.
Experts said the tax changes contributed to a growing exodus of millionaires from the UK - and the chancellor should find ways to attract them back to help the economy.
Rachel Reeves has been accused of a “Davos deal for millionaires” after announcing she was watering down moves to make wealthy foreigners pay more tax. The chancellor said she had been “listening to the concerns” of “non-doms” living in the UK.
British finance minister Rachel Reeves told Reuters on Thursday that she will announce new budget measures if necessary in March to meet her fiscal rules, but added that it was important not to "jump the gun" with two months still to go.
Rachel Reeves, U.K. Chancellor of the Exchequer, joins 'Squawk Box' to discuss her efforts to bring U.S. companies to the U.K., impact of President Trump's tariff proposals, trade partnership with U.S.
Rachel Reeves unveils an amendment to ease non-dom tax rules amid a surge in UK millionaire departures, aiming to keep Britain attractive to global wealth.
President Donald Trump found a letter from former President Biden in a drawer of the Resolute Desk in the Oval Office of the White House on Monday evening. Trump had spent nearly $20 million on anti-trans ads during his campaign, and delivered an expected blow to the trans community once inaugurated.
After six months in office, Chancellor Rachel Reeves has finally ceded ground on her ill-conceived non-dom tax raid. The Government is now set to take steps to ensure that the measures will not affect countries with double taxation treaties,