Deal Allows Us Bankers to Escape Non-Dom Levy

Summary


THOUSANDS of wealthy foreigners living in London are to be spared the Government's non-dom tax in the Budget, it emerged today.

Chancellor Alistair Darling will try to repair his damaged relations with the City by watering down plans to hit American bankers and businessmen with a Pounds 30,000-a-year levy.

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Extract


Deal Allows Us Bankers to Escape Non-Dom Levy

In a move seen by critics as yet another U-turn, Mr Darling will also announce on Wednesday that non-doms who commute to Britain will not be liable to p...

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