Tom Richards considers whether recent changes in UK personal tax law made the UK a significantly less attractive location for senior executives relocating from overseas.
It is not just the hotly debated 50% top rate of income tax that is leading many companies to question the commercial viability of sending employees to work in the UK. A number of other important tax reliefs have also been withdrawn or restricted. The effect of these other changes combined with the 50% rate is significant and likely to be a major factor in business decisions regarding relocation of talent to the UK.
A fiscal squeeze
It has been well publicised that the UK top rate of income tax was increased to 50% on income over £150 000 with effect from April...
