Treasury reconsidering Labour's plan for non-dom tax status

The Treasury is reconsidering parts of Labour’s manifesto plan to toughen up the abolition of non-domicile tax status.This is on account of concerns over how much money will be raised, should wealthy foreigners simply leave the UK."Non-dom" describes a UK resident whose permanent home - or domicile - for tax purposes is outside the UK.While no specific policy has been put to the Office of Budget Responsibility…