According to a report published by Bloomberg and seen by Sky News Arabia, informed sources said that Reeves is studying options to maximize tax revenues through reforms targeting officially residing abroad or non-residents.
The sources indicated that any amendment to the plan will be consistent with the electoral promises made by the Labor Party, and the changes are scheduled to be announced in the upcoming budget speech on October 30.
He was the British Prime Minister Keir Starmer As part of his key commitments ahead of his election victory last July, he pledged to abolish the non-resident tax system, which allowed wealthy foreigners to avoid local taxes on profits they make abroad for up to 15 years.
It should be noted that the previous Conservative Party government had prepared a similar plan last March aimed at gradually abolishing tax benefits for resident foreigners, which deprived the Labor government’s treasury of the funds it needed to improve the health care system and fund school meals.
And he announced Pt It will raise about 2.6 billion pounds ($3.5 billion) additional by closing various tax loopholes in the budget. Britain.
