“The Times, Saturday May 11th “- Mark Davies calls for more tax breaks for entrepreneurs

https://www.thetimes.co.uk/article/millionaires-flee-uk-over-fears-of-political-chaos-swr9fggfv The Times Saturday, May 11th   The Global Wealth Migration Review 2019 published by New World Wealth research group has revealed some startling statistics on the number of Ultra High Net Worth Individuals leaving the UK permanently in the last 2 years, with 7,000 more leaving than arriving.  Australia and Canada seem to be…

Details

Mark Davies reveals a warning for non-doms in ePrivateClient the leading online news service for private client practitioners.

There is a stark warning for non-doms with offshore structures in HMRC’s recent publication “No Safe Havens 2019”. Last year HMRC received 5.67 million records of UK tax payers’ offshore bank accounts under the Common Reporting Standard. They correlated these with the tax return submissions and property sale information of 500,000 individuals. Illegal tax evasion…

Details