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UK Finance Bosses Challenge Reeves Over Non-Dom Crackdown

Summary by Bloomberg
Finance chiefs have challenged the Chancellor over the UK’s crackdown on non-domiciled individuals, saying the policy undermined efforts to attract international talent and boost growth.

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UK Finance Bosses Challenge Reeves Over Non-Dom Crackdown

Finance chiefs have challenged the Chancellor over the UK’s crackdown on non-domiciled individuals, saying the policy undermined efforts to attract international talent and boost growth.

·United States
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Business MattersBusiness Matters

City bankers press Reeves to ease non-dom clampdown as wealthy workers exit UK

Senior City of London bankers have urged Chancellor Rachel Reeves to soften plans for abolishing non-domiciled tax status, claiming the policy is prompting high-earning foreign workers to relocate. At a breakfast meeting in No 11, representatives from major financial services firms, including BlackRock, Schroders, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley, raised concerns over the impact of ending the non-dom regime on the UK’s…

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Bloomberg broke the news in United States on Wednesday, February 19, 2025.
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