Sovereign Group chair/founder Howard Bilton weighs in on UK non-dom tax furore

In the current debate in the UK over the non-domicile tax status of Chancellor Rishi Sunak's wife Akshata Murty, it does, on the face of it, seem grossly unfair that the wealthiest foreign residents of the UK should pay little or no income tax, says Howard Bilton, chairman and founder of The Sovereign Group.  However, non-doms contribute massive amounts of revenue to the UK exchequer in many different ways and the likelihood is that, without them, the tax burden on normal UK residents would have to increase. The government estimates that non-doms contribute £7.9bn to the exchequer in ...