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Multinationals 'not handling non-dom rules'

21 October 2008
Categories: News , Residence & domicile
Majority have no firm policies in place: study

Multinationals have yet to deal with all issues stemming from this year's changes to tax rules concerning the non-domiciled, KMPG has warned.

A new study by the tax advisory giant shows that companies with globally mobile employees are adopting a wait-and-see approach to their policy

Most of the respondents said that new residence legislation introduced in April was unlikely to affect their assignment selection processes.

However, when questioned on their likely reaction to specific issues arising from the new rules — such as whether they would be prepared to pay any additional UK tax the employee or their spouse incurs as a result of the rules — a 'significant' proportion of the respondents appeared to have no firm policies in place.

KPMG international executive services director Sarah Robert, said: 'Despite the non-dom rules' complexity, it is surprising that large global employers have not made greater progress in adapting to this new legislation.

'It may well be the case that [they] are struggling to get these issues discussed outside the UK or amend global policies to reflect these peculiarly British rules.'

Categories: News , Residence & domicile
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