The UK is set to suffer a mass exodus of non-dom settlors when new laws come into force next April, Mark Davies Associates has warned.

Changes to the taxation of non-domiciles were first announced in the Summer Budget 2015 but, based on the release of specific proposals last Friday (19/08/2016), the implications are likely to be wider reaching and more punitive than many may have anticipated, according to Mark Davies, managing director of the international tax advisory firm. 

The proposed reforms include changes to the taxation of tr...