Wall Street is only here because it is cheaper for US companies to layoff foriegn workers in the UK than workers on Wall Street.

Besides someone can get a big fat bonus saying it was all a mistake and putting into place a return to Wall Street,,, and the chap who bought them to the UK in the first place can get his bonus for doing a big transaction in pounds sterling that appreciated

By now the offices should be ready from the redevelopements after 9/11 so Wall Street can move back to new offices with cheaper negociated rents in NY, paid in cheap dollars

Its not personal - Its just business

Nicholas Iles, Oswestry, Shropshire

"They should also think of the effect on house values if foreign investors stop buying homes here and instead start to sell-up and leave. " John Fitzgerald, London, UK

Cause for celebration for priced-out Londoners.

PT, Tynemouth, UK

Taxing non-doms as the Government propose will kill the golden goose--reverse at a stroke the massive influx of money and talent from Wall Street.

Britain already taxes non-doms on the basis of REMITTANCE of foreign income. Except for the tax treaties such as that with the USA (recently renegotiated) foreign pension accretions will be taxed. Many will find themselves taxed in two countries without relief (think of France and Switzerland with their wealth taxes, not able to be offset against UK income tax).

Another misstep is counting both arrival and departure days: those who now spend a day or two a week in Britain will hesitate to do so for fear of exceeding 91 days a year. The implications are worse than most appreciate: a UK residence held in foreign trust or entity will now be taxed on the basis of "rental value"; there are also "shadow director" implications.

This is a poorly thought-out budget, and I doubt it can be enacted as planned.
http://tinyurl.com/d92b8

Punktlich, Lausanne, Switzerland

They should pay the 30K

roger , toronto , canada

Foreigners living in London do so mainly by choice. I do. The tax regime has been an important part of that choice. If the government decides to penalise us we will simply leave. I am already considering it very actively. British taxpayers may say "so what?" I suggest they stop to think about the economic impact of damaging London's position as a global crossroads. They should also think of the effect on house values if foreign investors stop buying homes here and instead start to sell-up and leave.

I am appalled at the new regime and am already discussing what to do with my family and advisers, very likely head for somewhere warmer and sunnier with more respect for internationally mobile talent and capital.

John Fitzgerald, London, UK

There is another side to the non-dom debate which is little mentioned, and that is the case of natural born britons who have expatriated themselves for their entire lives, and yet remain vulnerable to having part of their life's work confiscated when they die, by an avaricious State that has at the same time disenfranchised them.

Give us back our vote, and then we can talk about taxation of genuine non-doms.

Michael, Cairo,

Of course they should be paying tax. As an expat living in the USA I had to pay tax on my world-wide income but that certainly doesn't deter myriad foreigners from wanting to live there. Billionaires like Abramovitch should be paying at least a few million a year - if they don't like it, then go somewhere else like the Third World.

Delilah, London,

There are plenty of developed countries in the world which cut a tax deal with foreign nationals, be it officially or unofficially. Switzerland, France, Canada and even the USA to an extent. New Zeland has gone out of its way, in modern times, to turn itself into a tax haven for foreign money which makes it a bit steep for a Kiwi to be stroppy about the issue.

It is hard to see that there is much to keep many of the internationally mobile talent of the world in London for much longer. They are certainly not here for the quality of travel, the education of the local workforce, the affordable housing or cheap restaurants.

Londoner, London,

Simple solution - offshore banking in Jersey will allow the UK non-doms the vehicle to place their international funds in a safe haven.

allycat, St Helier, Jersey

They're welcome here in the Far East - the tax regimes in Taiwan, Hong Kong, Singapore, China, even Malaysia and Thailand are all much more welcoming than in the West! Many regimes here do not tax overseas earnings and the culture here would find to do so an egregious invasion of private life by governments. If the UK and other Western governments continue to extort money from the few to pay for government "services" for the many (who produce little), then one day the public will wake up to find themselves washing each others' laundry...for pennies....

Chris. Fulker, Nantou, Taiwan, R.O.C.

So where exactly is this nondom paradise that these Swedes intend to decamp to? If taxing the foreign income of nondoms is such a bad idea, why does every other country do it? I expect, on reflection, that these Swedes will find that life in the UK remains attractive, especially after having put all that work into learning English.

Eric Murray, Auckland,