Billionaires to pay £250K and avoid 10 years tax (Reform policy)

[Infinite Chaos]

Another genius idea by that "man of the people" Nigel Farage.

Reform UK has announced it would give non-doms the chance to avoid some UK taxes by paying a
£250,000 fee, with the proceeds going to people on the lowest incomes.
Non-domiciles (or non-doms) live in the UK but have a permanent home overseas for tax purposes.​

Let non-doms pay £250,000 and avoid some UK tax - Nigel Farage

The Reform UK leader says money raised from the policy would go to the lowest-paid 10% of full-time workers.

www.bbc.co.uk

Willing to bet the average man on the street will think this is marvellous. (Especially if you are one of the lucky few on very low wages who gets a tax free lump sum in your bank account )

 

[Loulit01]

Another genius idea by that "man of the people" Nigel Farage.

Reform UK has announced it would give non-doms the chance to avoid some UK taxes by paying a
£250,000 fee, with the proceeds going to people on the lowest incomes.
Non-domiciles (or non-doms) live in the UK but have a permanent home overseas for tax purposes.​

Let non-doms pay £250,000 and avoid some UK tax - Nigel Farage

The Reform UK leader says money raised from the policy would go to the lowest-paid 10% of full-time workers.

www.bbc.co.uk

Willing to bet the average man on the street will think this is marvellous. (Especially if you are one of the lucky few on very low wages who gets a tax free lump sum in your bank account )

Will the quarter million pounds be more or less than they pay now? Their permanent homes are overseas for tax purposes as the post states.

 

[panic buyer]

If they are still taxed on UK earnings but not on overseas earnings why would they invest in the UK ?

 

[PeteEU]

Will the quarter million pounds be more or less than they pay now? Their permanent homes are overseas for tax purposes as the post states.

Point is their "permanent home" is overseas, but they spend almost all their time in the UK.