Click here to read the full article: https://www.telegraph.co.uk/business/2025/07/17/non-dom-arrivals-plunged-labour-prepared-power/?ICID=continue_without_subscribing_reg_first
Their comments have been published below with kind permission.
Phineas Hirsch said the fall in new arrivals “reflects the fact that the writing had been on the wall for some time”.
He added: “Sadly, despite what the current Government has claimed, its tax reforms are not making Britain competitive or attractive.
“Not only are fewer of the world’s super-rich coming to live in the UK; thousands are actively leaving – relocating to Italy, Switzerland, the UAE and other jurisdictions which have been introducing their own non-dom tax regimes, because they see the value in attracting inbound wealth and spending power.”
For further information on non-doms or advice on your arrangement, please contact Phineas Hirsch or telephone 020 7465 4300.
