Chancellor Jeremy Hunt has defended the UK's non-domicile tax regime this morning (18 November) after no action was taken on the contentious issue in the 2022 Autumn Statement.
Hunt was asked on BBC Radio 4 earlier today about why he did not do anything about the UK's non-dom tax status and said HM Treasury did not give him estimates on how much abolishing it could have raised. The chancellor added that he would prefer the super rich "stayed here and spent their money here". He said: "They said to me that they were very unsure about the figures that were being bandied around, as far as the savings were concerned. "Like me they wanted to be very sure they weren't doing things that damaged the UK's attractiveness. These are foreigners who could live easily ...
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