Mark Doms, of Maryland, to be Under Secretary of Commerce for Economic Affairs, vice Rebecca M.
Currently non-doms can be peers (though a bill now going through Parliament would change that).
ECONOMIST: The Conservative donor ends a decade of speculation
The government is not wrong to tighten taxation of non-doms, but it needs to tread carefully.
Remember how he promised to pay for a cut in inheritance tax by increasing tax on non-doms?
The government wanted to introduce a new test for so called 'non doms' and were launching two consultations.
The original non-doms were Greek shipping moguls who fled their socialist country to base themselves (and their businesses) in London.
FORBES: Disastrous U.K. Tax Hike Unleashes Steroid-Pumped Version Of Laffer Curve
"Members of the House of Commons and House of Lords who are non-doms should not sit in Parliament, " he said.
The danger in imposing a draconian tax regime on non-doms is that many of them may pack their bags and go elsewhere.
An attempt to introduce a levy on foreign workers (known as non-doms) was botched, and may yet drive many high-earners out of the country.
But what is jarring nerves is that the Treasury also appears to be cracking down on the offshore trusts where non-doms hold much of their wealth.
On the other hand, as the Treasury paper lays out, non-doms, who include shipping tycoons and City high-fliers, pack an economic punch much weightier than their number, currently around 115, 000.
In an article in "Psychology Today, " a sex therapist, Sari Cooper, points out that "subs" and "doms" are nothing new and that throughout history, men and women have occupied both roles.
WSJ: Why 'Fifty Shades of Grey' Is a Best Seller | Dear Book Lover
应用推荐