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Non-dom tax regime a key challenge for UK government

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New tax rules for non-doms could affect the way wealthy foreigners see the UK. Photo: Martyn Lucy/Getty Images

Hameed Shuja

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A new tax regime for wealthy foreigners residing in the UK will come into effect next year. But what will it mean for the UK’s ability to attract the mega-rich ?

The UK government is planning to change the way it taxes foreign individuals who are residing in the country. A government policy paper from last August says it is “committed to addressing unfairness in the tax system, so that everyone who is long-term resident in the UK pays their taxes

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