Non Domicile Tax Status

Meeting: 
MQT on 2007-05-23
Session date: 
May 23, 2007
Reference: 
2007/0973
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

You recently claimed that London has a 'window of economic opportunity' edging ahead of New York as a centre of international finance. What are your views then on the number of people claiming non domicile tax status, which has nearly doubled in the past three years? There are concerns that many city tycoons and overseas billionaires are flocking to London to keep their fortunes in tact. Will you please raise this matter with your discussions with the Treasury?

Answer

Answer for Non Domicile Tax Status

Answer for Non Domicile Tax Status

Answered By: 
The Mayor

My job as Mayor is to ensure that Londoners derive the maximum benefit from economic and business activity. This involves consideration of tax as well as other issues and I will therefore discuss all these issues with the government.