Election 2015: Labour would scrap 'non-dom' tax status

 

A Labour government would abolish the non-domicile rule that allows some wealthy UK residents to limit the tax paid on earnings outside the country.

Ed Miliband will say non-dom status is a symbol of tax avoidance and "makes Britain an offshore tax haven".
Labour says it is "uncertain" how much money the move would raise, which would affect an estimated 115,000 people.
The Conservatives said the policy was confused and they had raised more money from non-doms than other governments.
In other election news:

• The Conservatives are pledging resits for pupils with poor Sats tests results at the end of primary school
• In a leaders debate in Scotland, SNP leader Nicola Sturgeon said she would work with Labour to keep David Cameron out of power
• One hundred young voters grilled representatives of the main parties for BBC Radio 1 Newsbeat
• 140 senior doctors sign a letter in the Guardian suggesting the NHS is "withering away" and privatisation is threatening services
• The Lib Dems will pledge a £100m prize fund for car makers to create low-emission vehicles as Miriam Gonzalez Durantez, Nick Clegg's wife, is set to join the campaign trail
• UKIP leader Nigel Farage challenged former Labour PM Tony Blair to a debate "any night between now and the election"
• The English Democrats to launch their election campaign

Non-doms are defined as British residents who pay tax on their UK earnings but whose permanent home is deemed to be outside the UK and therefore do not have to pay UK tax on foreign income as long as they do not transfer it to the UK - or they pay a charge of at least £30,000 instead of a full assessment.
Famous examples include Chelsea owner Roman Abramovich, while former Conservative deputy chairman Lord Ashcroft gave up the status in 2010 to keep his place in the House of Lords after a change of law.
Some Labour supporters including businessman Sir Gulam Noon also had non-dom status in the past.