Government website promotes UK as ‘tax haven'
Website highlights generous tax treatment of foreign residents
A UK government website –
The UK Trade and Investment
website – is promoting the UK as a ‘tax haven’ by
highlighting its unusually generous tax treatment of foreign residents, the
FT
reported.
The purpose of the message is to attract wealth creators.
But according to the FT, the move is likely to increase unease about
the perceived unfairness of the rules, given the non-domiciled status of some
political donors and the prominence of wealthy foreigners in league tables of
the UK’s richest people.
Commenting on this initiative, PwC partner Mike Curran said the UK was the
only tax haven which has the high degree of respectability sought by the
international business community
Further reading:
Report accuses Big Four of legitimising tax havens
Monaco millionaires face crackdown
Gibraltar decision a relief for online gaming firms
