Super-rich UK non-doms avoiding £3.2bn in tax each year, report finds
by Rupert Neate Wealth correspondent from World news | The Guardian on (#6435R)
Analysis also challenges argument that the scheme attracts wealthy people who would otherwise leave the country
Super-rich overseas people in the UK registered as having non-domicile status are being legally allowed to avoid paying more than 3.2bn of tax on at least 10.9bn of offshore income a year, according to a report.
An analysis by academic economists found that 26,000 people granted non-dom tax status by HM Revenue and Customs (HMRC) collect an average of 420,000 a year in unreported overseas income and capital gains.
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