According to News, the proposal is being considered as part of a list of prospective revenue-raising initiatives in advance of next week’s budget, and it may be implemented to allow the chancellor to lower universal taxes.
The Financial Times was the first to report on the proposal, which could collect over £3 billion for the exchequer. Given that Mr. Hunt and previous Conservative administrations have opposed calls to scrap it, claiming it attracts foreign wealth creators to the UK, the move would be politically significant.
The prime minister finds it especially delicate because his wife Akshata Murty—daughter of the rich founder of the Indian software behemoth Infosys—was previously advantaged by non-dom status.
