UK’s tougher stance on billionaires and sovereign wealth ‘risks further flight of super rich’

The National ·
Economy Personal Finance United Kingdom
United Arab Emirates

The UK taxman is to get up close and personal with more than 200 billionaires it has identified with a financial footprint in the UK, as authorities show little sign of trying to lure the wealthy back to Britain . The HMRC tax authority announced in the wake of Wednesday’s budget that it is allocating a Customer Compliance Manager (CCM) to every identified billionaire as part of a crackdown…

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