UK Treasury U-turn seen likely on offshore trust reforms, Mark Davies comments in International Investment

The UK Government is expected to pull back significantly from proposed changes to the way the offshore trusts of “non-dom” UK residents are taxed, in response to warnings that they could send wealthy foreigners fleeing.    For the moment, the Treasury hasn’t issued a statement on the matter. However, industry sources have reported that a re-think…

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UK 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…

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The Telegraph – If Corbyn gets in, we are sending our money to Switzerland

  Corbyn forcing people to move money offshore before Election Day Wealthy individuals are fearful that Jeremy Corbyn will be the next Prime Minister of the United Kingdom causing their wealth and the value of GBP to depreciate. As such these individuals have opted to transfer their money offshore ahead of the general election on…

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