More than 12% of people in two constituencies in 2018 – Kensington and the cities of London and Westminster – have benefited from UK-based tax benefits by claiming another country as their legal “residence”. according to an analysis of HM revenue and customs data. In five of the most affluent districts of the city council they corresponded to more than a quarter of the inhabitants. The study by the London School of Economics and the University of Warwick found that the number of people who had ever applied for non-dom status in the UK increased from 162,000 in 2001 to 238,000 in 2018. He found that these people typically worked in finance, management consulting and accounting, with 22% of the highest-earning bankers saying they did not own a home. Most “non-doms” live in London and the south of England It emerged Wednesday that Akshata Murthy, the wife of Rishi Sunak, is claiming non-dom status, which would allow her to save millions of pounds in tax on dividends collected by her family-run IT business empire. According to the researchers, the highest paid non-doms work in the film industry and sports, most likely famous actors, directors, producers and footballers of the Premier League. Their average earnings in 2018 were 2 2 million, almost four times the income of non-home bankers. Outside of London, some of the largest numbers of non-residents were found in Oxford and Cambridge, where they made up more than 1% of the population in two constituencies. These included 310 people working in higher education, who the researchers said were most likely senior executives and professors working at the two elite universities. Non-residents do not pay income tax or capital gains collected outside the UK unless they bring the money home. This has allowed the super-rich, such as Roman Abramovich, owner of the Chelsea football team, Lakshmi Mittal, steel mogul and media baron Viscount Rothermere, to avoid paying significant sums to the HMRC. The UK “Non-Housing” study: Who they are, what they do and where they live ?, analyzed the anonymous personal tax returns of all those who claimed to have been uninhabited between 1997 and 2018. He found that non-domestic companies accounted for two-fifths of the top incomes – those with an annual income of more than 125 125,000 – in the oil industry, a quarter for those in the automotive industry and one-sixth for those in film and sports. According to researchers, the very rich were more likely to claim non-settlement status. More than two-fifths of those who earned εκατο 5 million or more in 2018 have said they are not home at some point since 1997, compared to less than three in 1,000 among those with an income of less than .000 100,000. This trend was even higher among immigrants, with 84% of those earning more than 5 5 million declaring themselves non-resident at some point. More than 10% of residents in some affluent London neighborhoods are homeless One of the report’s authors, Mike Savage, a sociology professor at LSE, said the report showed that homelessness has contributed to inequality in the UK by attracting the world’s super-rich to work here. He said: “What this study really shows is that inequality in the UK is not just a British problem, it has to do with the way rich, high-income people work in the UK. We assume [they’re coming here] because the non-dom clause is an attractive part of the package they get here. That way, it facilitates the rise of the super-rich. “ More than 93% of non-residents were born abroad, mainly from the US, India and Western Europe, especially France, Germany and Italy, the study found. The number of Indian non-dwellings has grown faster, from about 4% of the total in 2001 (3,200) to almost 14% in 2018 (22,700). The very rich are more likely to claim non-dom status The study also found that non-resident migrants are concentrated in national pockets in London. Western European non-pets are found mainly in Westminster, Kensington and Chelsea. American non-dom is more prevalent in Islington, Camden and Hackney. People from other English-speaking countries, including Australia, Canada and South Africa, gather around Wandsworth, Merton and Richmond, as well as in Surrey. Indian non-doms, meanwhile, live in more suburban areas such as Harrow, Hillingdon and Bromley.
