Mark Davies quoted in Financial Times this morning – Osborne flags “targeted” non-dom rules
Financial Times comments on Treasury’s proposals on non-dom reform
Read our recent commentary in STEP on the decline in Investor visa applications
The amount required to qualify for a UK investor visa has doubled since 2014 and there is fierce competition from other EU states. click here
DetailsMark Davies comments in The Times re non-doms and the July Budget 2015
How the non-doms keep their cash safe Michael Savage and Francis Elliott | The Times Published at 12:01AM, July 10 2015 Wealthy non-doms will successfully move their money or relocate overseas to avoid paying hundreds of millions of pounds under new tax laws, according to a Treasury analysis. The figures indicate that non-doms will shift…
DetailsUK Summer Budget 2015 – Essential Tax Update – 8th July 2015
Today George Osborne unveiled his 7th and first solely Conservative Budget since 1997. It was widely anticipated before the speech that Mr Osborne would target tax avoidance and, as expected, the Budget contained details of a £5 billion crackdown on what Mr Osborne termed as tax imbalances, avoidance and aggressive tax planning. The Budget also included…
DetailsTax Planning Opportunities For Foreign Domiciliaries And Expats
Tax Planning Opportunities For Foreign Domiciliaries And Expats By Mark Davies Global Tax Weekly | 2nd July 2015 Introduction It is fair to say that the dust has settled on this year’s UK General Election. Although a surprise to many, the Conservative majority means that Labour’s planned sweeping reforms to the existing tax regime for…
DetailsMark Davies quoted in the FT re the Annual Tax on Enveloped Dwellings
Mark Davies was quoted in the Financial Times (FT) re the Annual Tax on Enveloped Dwellings (ATED): “Non-doms have often purchased homes through offshore companies to preserve their anonymity. Higher charges and lower thresholds show ATED has become a “penal” tax.” Read the full article here.
Details