Exploring the Non-Dom Tax Status in the UK and Recent Political Developments

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This chapter examines the history and consequences of the non-dom tax status in the UK, allowing individuals to reside in the UK without paying taxes on their foreign income. It discusses controversies around fairness, property markets, and recent efforts to eliminate this regime.

Chinese executives are trying to avoid US tariffs by relocating manufacturing, a growing number of wealthy foreigners in the UK are planning on leaving the country, and Brazilian financial markets have been performing poorly. Plus, the FT’s Tim Bradshaw explains whether Nvidia is on a crash course similar to some of the dotcom darlings from the 2000s tech bubble.

Mentioned in this podcast:

Chinese companies seek assurances from Malaysia over US tariffs

Can Nvidia stay at the heart of the new AI economy?

Wealthy foreigners step up plans to leave UK as taxes increase

Brazilian markets hit by investor worries over Lula’s spending plans

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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