Too high a price for non-doms?

When it was announced in the papers that George Osborne was considering a new levy on Britain’s resident non domiciled tax payers, I could almost hear the groan from the wealth management community in London. After the changes introduced by the Finance Act 2008, which brought in a £30,000 annual charge on those resident non domiciled individuals who wished to live in the UK but not be taxed on overseas earnings and capital gains, many predicted an exodus which would damage the economy at a time when the Government could ill afford to do so. The charge’s impact It appears from the Chanc...