UK Government Backs Off Tightening Tax Breaks for Wealthy Foreigners

Dorchester based offshore company incorporation and banking specialist Amanda J Molyneux and Company have greeted the news of the governments change of heart regarding taxing non domicile residents with approval.

March 6, 2008 (FPRC) -- Dorchester based offshore company incorporation and banking specialist Amanda J Molyneux and Company have greeted the news of the governments change of heart regarding taxing non domicile residents with approval.
(BBC story http://news.bbc.co.uk/1/hi/business/7242074.stm)


Charles Farran Sales Director says "It would appear that someone with half a brain in the UK Government has woken up to the fact that many wealthy ‘Non Doms’ living in Britain would probably have left on the next flight had they cancelled the tax breaks these people get by living in the UK."


"The UK government said it will stick by its current policy of not taxing the wealthy from overseas on the income from offshore trust - a common way for the wealthy to hold assets. And the government won’t ask what is held in the Trust!"


"This must all be disappointing for our Swiss friends, who have been busy making plans to make Switzerland more attractive to wealthy foreigners!"

Amanda J Molyneux and Company specialise in offshore incorporation & companies offshore with business bank accounts, plus trust formation and asset protection. The last year has seen their business go from strength to strength. They are justifiably proud of their reputation of honesty and integrity.

The company also offers private offshore banking to high net worth clients worldwide.

To know more about Asset Protection & Offshore Trust Formation please visit http://www.molybank.com

For more information contact Charles Farran of Amanda J Molyneux & Company (http://www.molybank.com/)
+44 (0) 1305 853310

Keywords: Offshore companies

You can read this press release online at: http://www.free-press-release-center.info/pr00000000000000011939.html