‘Britain is being turned into the departure lounge’ warns non-dom lobby group

The Treasury has revealed measures to clamp down harder on international wealth as it aims for a tax regime that 'is both fair and as competitive as possible.'

Chancellor-in-waiting Rachel Reeves has vowed to 'take on the tax dodgers because if you make your home and do your business in Britain, then you should pay your taxes here too.'

The Non Dom regime is being replaced with a 'modern, fairer, simpler' tax system based on residency, says the Chancellor.