Osborne and the non doms
Fraser Nelson 1:33pm
I'm sitting in a George Osborne fringe event, where he's being given the Parky treatment by Steve Richards from the Indy. He's discussing his new tax on the non domiciles: a £25,000 annual charge. Won't this turn them away, asks Richards. No, Osborne replies, the average non dom earns £100,000 he says, so £25k ain't much to them. But as he'll know, the average non dom pays £26k in tax, so this Tory idea would push their tax burden over 50%, which I doubt these highly mobile folk will suffer.
His speech was excellent, though, and lifted spirits in the hall no end.
Previous
Neil
October 1st, 2007 2:01pm Report this commentare "non-doms" here taken to mean those taxed by self-assessment with non-domicile status? It is less than clear from statements thus far. To clarify, domicile is a general law concept that, principally, follows the domicile of your father, regardless of where you are born. Is the policy seriously that every second generation immigrant will have to pay £25k annually for the pleasure of physically residing in the UK?
Back to top