Will Zac Goldsmith pay for his non-dom status

The Conservative party wish to charge non-doms £25,000 per year for living in the UK. Will Zac Goldsmith pay a flat annual fee for living in Britain?

The Conservative party wish to charge non-doms £25,000 per year for living in the UK. Now that his tax status has been revealed, will Zac Goldsmith pay a flat annual fee for each of the 16 years that he has been a non-domiciled adult?

At Conservative party conference 2007, George Osborne said:

“There are currently a number of people living in Britain who register for non-domiciled tax status offshore. It is a good thing for Britain that they live here and bring their talent and their investment to our economy.

“I make this promise: I am not going to tax all that income as Gordon Brown has persistently threatened to do. But in return for that promise and the certainty it brings, we will charge a flat annual levy of around £25,000 for those who register for non-domicile status”

Mr Goldsmith, aged 34, has already contributed £264,179 towards the costs of his election campaign in Richmond Park as well as additional donations to the Conservative party worth £14,202. He is reported to be worth £200 million so a £400,000 payment for his 16 years of adulthood would appear to be a fair price.

Goldsmith speaks tonight at an event in central London titled “Call to Action” where among other questions, he will address “How do we spend our collective wealth?”.

UPDATE 18.00

The event tonight asking how we spend our collective wealth answers another question about how to amass it: charge £10 to get in.

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