Rachel Reeves promises Labour will close ‘non-dom’ tax loophole
The Guardian says the Labour party has vowed to abolish the “non-dom” tax loophole used by the chancellor Rishi Sunak’s wife to save paying up to £20m in UK tax.
Rachel Reeves, the shadow chancellor, said it “simply isn’t right that those at the top can benefit from outdated non-dom tax perks” while ordinary people struggle with tax rises and the cost of living crisis.
Reeves on Monday said Labour was sending “a clear message” to the global super-rich: “If you make your home in Britain you should pay tax here – on all of your income.”
Labour’s pledge follows the revelation that Sunak’s billionaire heiress wife, Akshata Murty, had been registered as a non-domiciled person for nine years and was paying an annual levy in order to shelter her foreign income from HMRC.
..………………….
FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:
Facebook – Please like our page
Twitter – Twitter updates available in English and Arabic. Please follow us and we would love to hear from you
Instagram – Follow our pages in English and Arabic