How apprehensive ought to the federal government be in regards to the tremendous wealthy leaving the UK?

Sky’s Gurpreet Narwan speaks to considered one of South Africa’s richest girls who’s reluctantly relocating again residence from London after adjustments to the non-dom tax regulation – introduced by Chancellor Rachel Reeves on the funds final autumn – got here into pressure this April.

A enterprise capitalist who has invested £500m in UK science and tech start-ups, Magda Wierzycka is threatening to take her future investments elsewhere, highlighting the footloose nature of a few of London’s wealthiest folks and a problem to the Treasury in elevating tax.

#tax #taxlaw #chancellor #funds

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