Government plans to scrap the non-dom tax regime could create a £4 billion shortfall in public finances and cost 3,200 private sector jobs, experts warn.
Analysis by the Centre for Economics and Business Research (CEBR), commissioned by Land of Opportunity, which represents entrepreneurs, suggests that if 25% of non-domiciled residents — around 10,000 people — were to leave the UK, tax revenues could fall by £4.6 billion over five years.
