Articles

  • 1 week ago | news.bloombergtax.com | James Woolcock |Joe Mayes

    The UK’s tax overhaul for wealthy foreigners will start costing more than it raises if one in four of those affected leaves the country, according to the Centre for Economics and Business Research. The think tank said the end of the non-domiciled resident status, which was abolished last month, risks becoming a fiscal headache rather than a revenue-raising measure for the Treasury.

  • 1 week ago | bloomberg.com | James Woolcock |Joe Mayes

    The UK faces growing global competition for the world’s richest. (Bloomberg) -- The UK’s tax overhaul for wealthy foreigners will start costing more than it raises if one in four of those affected leaves the country, according to the Centre for Economics and Business Research. The think tank said the end of the non-domiciled resident status, which was abolished last month, risks becoming a fiscal headache rather than a revenue-raising measure for the Treasury.

  • Jan 22, 2025 | news.bloombergtax.com | James Woolcock

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • Jan 22, 2025 | news.bloomberglaw.com | James Woolcock

    Your morning briefing, the business news you need in just 15 minutes. On today’s podcast:(1) President Donald Trump said his threat to hit China with 10% tariffs on all imports was still on the table and indicated it could come as soon as next month. (2) SoftBank, OpenAI, and Oracle are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology.

  • Oct 8, 2024 | news.bloomberglaw.com | James Woolcock

    Your morning briefing, the business news you need in just 15 minutes. On today’s podcast: (1) The US Justice Department told a federal judge it’s considering recommending that Google be forced to sell off parts of its operations to alleviate the harm caused by its monopolization of the online search market, in what would be a historic antitrust breakup.

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James Woolcock
James Woolcock @James_Woolcock
6 May 25

Mishcon de Reya’s Global Head of Private Wealth and Tax told us he wouldn’t be surprised if between 25-40% of non doms left. So well over the below report’s breaking point

Alex Wickham
Alex Wickham @alexwickham

Labour’s non-doms policy risks costing the UK more money that it will raise, warns the Centre for Economics and Business Research think tank Expect pressure for a rethink here to grow too as the wealth exodus continues Via @James_Woolcock @Joe_Mayes https://t.co/jbbQInlJcV

James Woolcock
James Woolcock @James_Woolcock
6 May 25

RT @alexwickham: Labour’s non-doms policy risks costing the UK more money that it will raise, warns the Centre for Economics and Business R…

James Woolcock
James Woolcock @James_Woolcock
25 Apr 25

RT @alexwickham: Top Bloomberg team made the running on the UK-EU reset Apr 8: Revealed they were closing on a defence deal, a solution on…