Labour’s Non-Dom Reform: Will the Wealthy Flee the UK and Drain Billions in Tax Revenue?
The UK Labour government's recent announcement on modifying the non-domiciled (non-dom) tax status has generated significant debate and concern. The changes aim to scrap the remittance basis of taxation and replace it with a more residence-based system, impacting the tax privileges of wealthy individuals residing in the UK without being domiciled there.
Retrospective Tax for Properties Sold in Cyprus between 2021-2023
In 2021, Cyprus introduced a new property tax, ending years of debate and speculation about its implementation.. The new legislation stipulates that sellers of property in Cyprus are liable to pay a tax of 0.4% on the sale value at the time of transfer.
Tax Challenges for Footballers in the Saudi League
The trend of UK footballers moving to leagues like the Saudi League brings to light the broader challenges faced by expatriates. Understanding the tax implications and preparing for the adjustment process are crucial steps in making a successful transition to working abroad.