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Upset Between Two Dragon’s Den Stars Over Non Dom Status Continues

I have previously reported on the war of words that has blown up over non dom status between two of the participants in the BBC’s popular television programme “Dragon’s Den”.  And it seems that even though some time has gone by since I last wrote about it, the war of words has not died down.

Duncan Bannatyne, who is the owner of a string of health clubs bearing his surname, disagrees with the actions of people who stay outside the UK to avoid paying income tax on earnings made here.  James Caan, Bannatyne’s fellow Dragon and seemingly a good friend of his, is a non dom and therefore does not pay the same amount of tax as he would if he was fully resident within the UK as far as the tax system is concerned.

Bannatyne appears to have come out in favour of the Labour party as we near election day, but he is also openly lobbying for the laws surrounding non doms to be changed.  He clearly wants the “unfair advantage” of non doms to be eradicated so the playing field for everyone is level.

It will be interesting to see how this battle continues, as the disagreement between the two men casts doubt over how the latest series of “Dragon’s Den” plays out.  Non dom status has been brought up in the manifestos and election campaigns of the main parties, but until we have an election result before us we won’t know how the future looks for non doms.

If you have non dom status and you want to consult with a professional team of accountants to discuss your position, contact us at St Matthew now.


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