LIVE: Reform Announces ‘Britannia Card’ Non-Dom Tax Proposals
Nigel Farage and Zia Yusuf are in London to announce the launch of Reform’s new “Britannia Card” policy. A fee of £250,000 for each former non-dom to regain the associated tax benefits…
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Reform says it will distribute funds collected from the fee directly to the bank accounts of the 10% lowest paid earners. Deflecting the usual accusations that this is a handout to the rich…
Italy already has such a scheme priced at €200,000 annually. The policy proposals have been pushed by pro-non-dom campaigners who say the solution is “a tiered tax regime that is internationally competitive – raising more revenue but retaining investors.” It’s working for the Italians…
Farage says he believes this will “stop the exodus of people leaving this country.” He adds that Labour will introduce something like a Britannia Card within a year…