Tax haven Britain, in business, but not for long

The FT has reported that:

Britain is once again eligible to market itself as a tax haven following recent concessions to “non-dom” residents, according to a firm of advisers.

Grant Thornton’s stance reflects a renewed determination to restore the UK’s image as an attractive place for foreigners to settle, amid fears that its appeal has been permanently dented by the row over the shake-up of the tax regime.

Let’s be clear though: some of us are dedicated to ensuring that the tax haven status is lost. Anyone who choses to invest here on the basis of these concessions is mad because they’re not sustainable.

The trend to abolition of the domicile rule has begun. It will go, the only question is when, not if.