Episode 15 • • 12:22 - 16:00
15: Hot Horse Meat and Hidden Salami
UK Tax Changes, Non-Dom Status, and Capital Gains
The Financial Times reports that wealthy "non-dom" residents are preparing to leave the United Kingdom due to proposed tax crackdowns. Changes to capital gains taxes, potentially rising from 10% to 18%, and new taxes on offshore assets threaten US citizens with double taxation. While the Treasury expects to gain £800 million, tax advisors warn that £44 billion in investment could exit the country.