'Non-doms' face tax on overseas earnings

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Indy Politics
Gordon Brown has paved the way for changes to the tax treatment of so-called "non-domiciles", mainly wealthy foreign-born people who pay no tax in Britain on their overseas earnings.</p>The changes could make "non-doms" eligible for capital gains tax and tax on overseas income if they spend more than a certain number of years in the country.</p>The potential changes would affect about 60,000 people, including Lakshmi Mittal, the Indian-born steel magnate and Labour donor. They could also discourage banks and other institutions from encouraging highly paid executives to work in the UK.</p>The Inland Revenue issued a consultation paper on the subject yesterday.Alex Henderson, of PricewaterhouseCoopers, said: "Basically, it is saying that if you're here long-term you should pay for the NHS and other social services." </p>

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