nondomiciled

Foreigners known as nondomiciled residents, or "nondoms," live and work in the U.K. and only pay tax on their U.K. income.

London Business Steps Up Paul Hodkinson, David Rothnie 2008

They consist mainly of specific tax changes that Mr. Darling announced in mid-March together with his budget plans, but also include plans to increase revenue by changing the tax regime for foreigners who live in the U.K. but claim their true home is elsewhere -- so called nondomiciled foreigners.

Treasury Chief 2008

A flat tax of 10% on "nondomiciled" residents -- foreigners who plan to leave the country in a few years and generate most of their income outside Italy -- could also be used to counterbalance the expected losses in revenue by attracting new, wealthy taxpayers.

The Italian Fix Alberto Mingardi 2008

The government finally agreed to modify this new tax on "nondomiciled" residents.

The Unwonk 2008

Importantly, it also meant that foreigners who could claim "nondomiciled" status paid little or no taxes at all.

The Victim Of Success 2008

The Conservative leader's pledge was seen as an attempt to stamp out claims that the Tories rely on supporters who are "nondomiciled" for tax purposes.

Latest news, breaking news, current news, UK news, world news, celebrity news, politics news 2010

The tax increase comes a year after the U.K. introduced new rules for resident, nondomiciled individuals, giving them the option after seven years of residency to either pay local taxes on their earnings outside the U.K., or to pay a lump sum of £30,000 per year.

Where the 'Mobile Wealthy' Prefer to Live 2009

When Britain's government introduced a tax in April for wealthy foreigners working in the U.K., proposing a £30,000 levy on nondomiciled residents in exchange for their not paying taxes on earnings outside the U.K., lawyers, bankers and politicians forecast an exodus of wealthy foreigners to the likes of Luxembourg, Monaco and Switzerland.

Fund Elite Bid 2008

Nor was there a reprieve for nondomiciled residents.

Dubai's bid for Colonial creates 2008

For one, beginning next month, the government will impose a £30,000 annual levy on foreign nationals who have resided in the U.K. for more than seven of the last nine years but claim that their true home is outside the U.K. -- a status known as nondomiciled.

U.K. Responds to Slowing Growth 2008