British residents who do not pay tax on overseas earnings will be stripped of ‘non-dom’ status, says Miliband

‘Wealthy British residents who do not pay tax on their overseas earnings would be stripped of their “non-dom” status by Labour, Ed Miliband will announce today.

He will say that the current rules have turned Britain into a tax haven exploited by the super-rich and commit an incoming Labour government to sweeping them away within a year of taking office.

Detailing the policy promise, Mr Miliband will argue that it is only just for the estimated 116,000 non-doms in the UK to face the same tax demands as their less wealthy fellow citizens.’

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