HMRC said that of those who stopped using non-dom
status, about half switched to domiciled status and continued to pay tax in the UK while half left the British tax system altogether.
Many of Britain's super-wealthy do not pay UK taxes because they have "non-dom
" status, meaning that their permanent home is in another country.
Does it involve sending troops into London's most expensive mansions and exclusive clubs and dragging out all the Russian non-dom
families and using them as human shields?
Pinsent Masons also said that proposals to scrap non-dom
tax status for people living in the UK long-term, due to come into force in April 2017, could prompt many wealthy residents to leave.
The election victory of the current government was largely financed by the multi-national fossil-fuel industry, ably assisted by American/ Australian media mogul Rupert Murdoch and at least one non-dom
Further changes in July's Budget ended the permanent status for non-dom
residents and widened the inheritance tax net to property held offshore.
That all came unstuck when Labour scrutinised his non-dom
status, demanding to know whether he was paying tax in the UK or in his other home, Belize.
The book also alleges that Cameron knew in 2009 that Ashcroft had non-dom
status, meaning the donor legally did not pay UK tax on overseas earnings.
The book also claims that as early as 2009, Lord Ashcroft discussed with Mr Cameron how they could delay revealing his "non-dom
" tax status - which allowed him to avoid tax on overseas earnings - until after the following year's general election.
Other plans included in the budget are the annual investment allowance increasing to GBP200,000; increasing the Employment Allowance to GBP3,000; increasing the standard rate of Insurance Premium Tax to 9.5%; clamping down on nuisance calls from claims management companies; restricting tax relief for welathier landlords; ending permanent non-dom
status; changing the way banks are taxed; creating three million new apprenticships by 2020; providing GBP30m of funding for Transport for the North; providing 30 hours of free childcare for three and four year olds; replacing student maintenance grants with loans; reforming road tax; increasing public sector pay by 1%; and ensuring individuals and businesses pay what they owe.
An extra PS7.2bn in tax payments by |pursuing tax evaders | A shake-up of non-dom
status, |including the abolition of permanent non-dom
tax status, coming into effect in 2017.