Ministers have been told to “come clean” on the economic argument for the decision not to scrap non-dom status in the UK, after the chancellor suggested he did not know how much money axeing the controversial tax status would raise.
Jeremy Hunt insisted the economy would not be helped by abolishing the controversial tax status, saying on Friday that he would rather the super-rich “stayed ... and spent their money here”. And he said he had been told by Treasury officials that they were “very unsure” about how much money the move would actually make.
