Will Britain hit super-rich with tax on overseas earnings?

April 8, 2015 12:34 PM

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Will Britain hit super-rich with tax on overseas earnings?

The U.K. is taking aim at the super rich with a plan to scrap a 200-year-old tax loophole that shelters offshore earnings.

The rule allows wealthy people living in Britain to avoid paying tax on their overseas income. All they have to do is declare that their home, or so-called domicile, is elsewhere.

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