Pinsent Masons
Tax paid by non-doms rises 8% in 12 months
With an average individual paying £123,000 in the past year
HMRC opened 25 tax fraud investigations into HNWs in 2022
UK government ‘is likely to continue to invest in this high-end form of tax enforcement’
UAE financial watchdog overhauls fund regulations
As it looks to create an industry ‘dominated’ by locally based products
UK non-doms drop 11%
Changes to the regime ‘could have a significant long-term impact’ to the British economy
35% jump in Brits copping to dodging tax on offshore income
Hiding wealth from HMRC ‘gets harder each year’