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Britain's moneyed elite still enjoying Edwardian-era tax break

Thursday, March 5, 2015 - 05:50
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Mr Gulliver, who was born in Britain and runs HSBC, became a non-dom as a result of his long tenure in HK and his stated intention to return there to die

London

THEY are among the British moneyed elite: the head of the nation's largest bank, a billionaire hedge fund manager and the owner of some of London's most luxurious nightclubs. Yet for tax purposes, they are not entirely British.

Thanks to a law from when Britain had an empire