UK Chancellor Reeves Plans to Cut Tax Burden for Wealthy US Expats
By
Joe Mayes
Summary
Chancellor Rachel Reeves announced plans to reduce the tax burden for wealthy US investors relocating to the UK, specifically addressing the issue of double or treble taxation faced by British residents who are members of US limited liability companies, who are currently taxed in both countries on earnings from those structures.
Source
bskyUK Chancellor Reeves Plans to Cut Tax Burden for Wealthy US Expatsbloomberg.comKey quotes
· 3 pulledChancellor of the Exchequer Rachel Reeves said she will ease the tax burden faced by rich US investors wanting to relocate to the UK.
Reeves plans to address the issue of so-called double or treble taxation faced by British residents who are members of US limited liability companies.
They are currently charged in both countries on their earnings from those structures.
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