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By Tubby Isaacs
#96390
A reminder of the "populism" that Reform voters in Washington, County Durham are currently supporting.
Reform UK has announced it would give non-doms the chance to avoid some UK taxes by paying a £250,000 fee, with the proceeds going to people on the lowest incomes.
Non-domiciles (or non-doms) live in the UK but have a permanent home overseas for tax purposes.
Under Reform's plan, non-doms would pay the fee for a new Britannia Card and in return not be taxed on wealth, income or capital gains earned abroad. They would also avoid the need to pay inheritance tax.
Dan Neidle estimates the cost to the Exchequer would be about £7bn a year. But I'm sure that Farage will whack up taxes on Ascot.
By Rosvanian
#96394
Thankfully the residents of Washington, Tyne and Wear, haven't yet put Reform in power. Most of Washington falls under the control of Sunderland City Council..
kreuzberger liked this
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