Super-rich ‘shielded’ by failure to close non-dom tax loophole
Labour has accused Rishi Sunak and Jeremy Hunt of shielding the super-rich from paying their fair share of tax by refusing to abolish the nondom loophole.
The Chancellor said yesterday it would be the "wrong thing" to end the controversial arrangement for those who live in the UK but pay no tax on their offshore income.
Mr Hunt disputed suggestions the move could raise £3 billion per year, arguing he "would rather they stayed here and spent their money here" instead of moving abroad.
But he said he did not get Treasury estimates on ending the non-dom (non-domiciled) status, which the Prime Minister's multi-millionaire wife has held.
The Chancellor said officials were "very unsure about the figures that were being bandied around".
"Like me they wanted to be very sure they weren't doing things that damaged the UK'S attractiveness," he told BBC Radio 4's Today programme.
"These are foreigners who could live easily in Ireland, France, Portugal, Spain, they