The Labour Government’s New Fiscal Frontier: How might Non Doms Be Impacted?

In this episode, Lerato has the pleasure of speaking with James Quarmby, the esteemed Founding Partner of Private Wealth at Stephenson Harwood LLP. Their discussion revolves around the potential tax changes we might see under a Labour government, and the complexities surrounding the UK domicile rule. James brings his expert knowledge to the table, providing insights into a range of related topics including non dom tax status. 

Throughout this episode, James shares his insights on: 

• What we can anticipate from Labour in terms of tax policy: Expect a deep dive into Labour's proposed tax policies and how they might impact various demographics and the economy overall, especially in relation to non dom status. 

• Whether those with non dom tax status are contributing their fair share: An examination of the current contributions of individuals with non dom tax status and whether they are paying an equitable amount of tax. 

• The potential impact on the UK if non doms were to leave en masse: Consideration of the economic and social ramifications for the UK if a significant number of non doms were to relocate. 

• Whether the UK government should impose taxes on foreign wealth: A debate on the merits and potential drawbacks of the UK government taxing wealth that originates outside of the country, with a focus on non dom tax status. 

 Get ready for a comprehensive discussion on these issues.  

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