Balanced Question Time panel tonight - of course not!
Discussion
johnfm said:
Miliband said "non-doms do not pay tax".
This isn't quite right, is it?
I thought non-Dom status means they don't pay tax on their overseas income.
If they earn interest here or rent out properties they pay tax on that don't they?
That's correct. He made it sound like non doms just pay no tax whereas it actually means they can be taxed on the remittance basis on overseas income. They still pay UK tax on UK source income. This isn't quite right, is it?
I thought non-Dom status means they don't pay tax on their overseas income.
If they earn interest here or rent out properties they pay tax on that don't they?
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