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UK Government Backs Off Tightening Tax Breaks for Wealthy Foreigners

Dorchester based offshore company incorporation and banking specialist Amanda J Molyneux and Company have greeted the news of the governments change of heart regarding taxing non domicile residents with approval.
 

FOR IMMEDIATE RELEASE

PRLog (Press Release)Mar 05, 2008 – Dorchester based offshore company incorporation and banking specialist Amanda J Molyneux and Company have greeted the news of the governments change of heart regarding taxing non domicile residents with approval.
(BBC story http://news.bbc.co.uk/1/hi/business/7242074.stm)

Charles Farran Sales Director says “It would appear that someone with half a brain in the UK Government has woken up to the fact that many wealthy ‘Non Doms’ living in Britain would probably have left on the next flight had they cancelled the tax breaks these people get by living in the UK.”

“The UK government said it will stick by its current policy of not taxing the wealthy from overseas on the income from offshore trust - http://www.molybank.com/offshoretrusts.php a common way for the wealthy to hold assets. And the government won’t ask what is held in the Trust!”

“This must all be disappointing for our Swiss friends, who have been busy making plans to make Switzerland more attractive to wealthy foreigners!”

Amanda J Molyneux and Company specialise in offshore incorporation & companies offshore with business bank accounts, plus trust formation and asset protection. The last year has seen their business go from strength to strength. They are justifiably proud of their reputation of honesty and integrity.

The company also offers private offshore banking to high net worth clients worldwide.

# # #

UK based Amanda J Molyneux specialises in a range of exceptional banking and business products including offshore company formation and incorporations with guaranteed offshore business bank accounts.

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Issued By:Amanda J Molyneux & Company
Website:http://www.molybank.com/
Email:Click to contact author
Phone:+44 (0) 1305 853310
Fax:+44 (0) 1305 853710
Address:Bolan House, 6 Chalky Road, Broadmayne, Dorchester
City/Town:Dorchester
State/Province:Dorset
Zip:DT2 8PJ
Country:United Kingdom
Categories:Finance
Tags:Offshore Company Formation, Offshore Asset Protection, Asset Protection Company, Offshore Incorporation
Shortcut:www.prlog.org/10054942

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