Tuesday 26 February 2008

’Non-Doms’ on the Run

THE TELEGRAPH: International lawyers are descending on London to persuade British non-domiciles to re-locate as pressure grows on the Chancellor to delay controversial plans to levy £30,000 a year on foreigners resident in the UK.

Seminars are being organised by foreign lawyers in London to act as shop windows to persuade tax experts to advise their clients to move away from the UK.

One of London's leading tax advisers to the UK's non-dom community said: "The UK Government really has no idea how much of a spectacular own-goal it has scored. It is totally depressing how many Irish, Swiss and Dutch lawyers are swarming all over our clients now in London, and the clients are listening to what was previously dismissed as jealous propaganda."

Dutch firm Loyens & Loeff is typical of international law firms setting up events to explain to advisers how their non-dom clients can benefit by leaving the UK. Foreign lawyers target City non-doms >>> By Sophie Brodie

Mark Alexander (Paperback)
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