Discover and read the best of Twitter Threads about #nondom

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Remarkably good economics from @BBCNewsnight Ben Chu. My view is that on the revenue side, the policies should include 1) freezing personal allowances, 2) raising the 45% tax rate to 50% and reduce the level at which it is paid from £150K to £100K,
3) merging income & capital gains tax to income tax allowances and rates, 4) removing #NonDom status, 5) promising immediate action to identify beneficial ownership of UK assets, 6) setup Committees to consider the benefits of #UBI & #WealthTax ,and
7) announce that @hmtreasury will support more transparency & coordination in UK policymaking.
Read 6 tweets
The last 2 investigations into #MinisterialCode breaches:

In November 2019, @pritipatel was investigated for bullying officials and found to have broken the code by the independent advisor. #JohnsonOut85 ignored the findings and kept her.

The advisor resigned in protest.

We went 6 months without an independent advisor as Johnson had proven he could not care less about the #MinisterialCode and standards of conduct for Government officials.


In April 2021, Johnson hired a new independent advisor, Lord Geidt, because he needed be be investigated himself over potential breaches of the #MinisterialCode over a funds for favours scandal regarding his Downing Street flat refurb and golden wall paper.


Read 9 tweets
This paper is now out. Planned before @Annaisaac made #nondoms cool again, we use confidential, anonymised HMRC data to look at🧐
🔸who the nondoms are
🔸what they do (incl a look at bankers)
🔸where they are from
🔸where they live

🧵 1/N…
First up: what is a non-dom?🤷

Non-doms are people who live here, like you or me. May spend whole year in UK, working, having families. What makes them diff is that they claim their permanent home is abroad (and can hopefully substantiate this).
What does this get them❓

Benefit of non-dom status is can claim "remittance basis": no tax on foreign investments

That's what @Independent story yday was about: claim that Chancellor's wife didn't pay UK tax on her substantial non-UK income from shares
Read 15 tweets

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