Tories planning a scrap of the non-dom tax status — reports

It comes on the back of a multitude of rumours regarding potential tax cuts for the party as a general election looms on the horizon. Scrapping the non-dom tax status is a popular option to boost government finances, the BBC reported. It was reported in The Financial Times that the tax was among the propositions on a ‘secret project list' of revenue raising measures. It estimated scrapping the tax would raise around £3.6bn a year though reports note that the Conservatives have long been against the measure.