UK tax attack resisted

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The Baltic Exchange, Chamber of Shipping, Maritime London and Joint Hull Committee have made a concerted appeal to maintain the UK’s non-domicile tax regime. The government has proposed to tax the foreign earnings of UK-domiciled foreign nationals, which the maritime bodies say will undermine the UK’s £1.5bn-a-year maritime services sector. The organisations have warned that international shipping enterprises based in London will move abroad, damaging a large number of UK based maritime service providers.


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