§ Mrs. CaltonTo ask the Chancellor of the Exchequer what estimate he has made of the amount of foreign investment in the UK that results from the non-domicile tax rules. [78231]
§ Dawn PrimaroloMy right hon. Friend the Chancellor of the Exchequer announced on Budget Day that we are reviewing the residence and domicile rules as they affect tax liabilities of individuals. We believe that modernisation of these rules needs to be based on clear principles: the rules should be fair, clear, easy to operate and support the competitiveness of the British economy. As part of the review, various fact-finding exercises will be carried out, drawing on a range of sources.