UK Labour government would abolish 'non-domiciled' status in first budget

A Labour government would abolish 'non domiciled' status in its first ...

British Labour MP John McDonnell attends the Labour Party annual conference in Brighton, Britain September 21, 2019. REUTERS/Peter Nicholls

Non-domiciled tax status, which is governed by a complex set of rules dating back more than a century, allows some residents who register their permanent home as outside Britain to limit the tax paid on earnings abroad. They can also avoid inheritance tax on property by putting it into an offshore company.

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