Simon Sweetman tries hard to find any merits in the current proposals for taxing non-domiciles.
This week the CIOT asked the movers and shakers of the tax world for a round table discussion of the issues of domicile (they let me go as well). If there were two things that came out of the discussion, they were:
- There is a great absence of hard information
- people's position rather depends on the constituency they represent (the bankers dont entirely share a perspective with the Low Income Tax reform Group).
- though we all disagreed with each other, we are united in our contempt for what is on offer. Presumably, though, it will sail through. The Tories can hardly vote against since it was their idea in the first place.
Probably something like 10% of the population...