Non-domiciled residents' contributions to the UK Exchequer have been defended after Labour leader Ed Miliband confirmed his party would abolish the 'non-dom' tax status if it came to power following next month's general election.
Law firm Pinsent Masons said 'non-doms', as well as paying almost £6.2bn in income tax in 2012-2013 and £223m in the remittance based charge, also have a positive impact on the UK economy because of their "huge spending power". On 8 April, Ed Miliband said Labour had "found a way" to abolish the status, which allows certain citizens living in Britain indefinitely to claim another country as their domicile and claim the resultant tax benefits. "It's the right thing to do," Miliband said. "In a way people are going to have a choice at this election. They can decide that they want to car...
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