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Published 2 months ago

Jeremy Hunt could scrap non-dom status to fund tax cuts in Budget

  • The Chancellor is considering eliminating the tax status of non-domiciled individuals, who only pay UK tax on earnings made in the UK.
  • Treasury officials are exploring options to increase tax revenue or cut spending to afford tax reductions for millions of people.
  • Labour is expected to question voters' financial well-being compared to previous elections during the upcoming Budget.
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