Reeves to Lower UK Tax Burden for Wealthy US Expats (2)

Chancellor of the Exchequer Rachel Reeves said she will ease the tax burden faced by rich US investors wanting to relocate to the UK.

Reeves plans to address the issue of so-called double or treble taxation faced by British residents who are members of US limited liability companies. They are currently charged in both countries on their earnings from those structures.

The plan is to change the UK law to reduce the effective tax rate paid by those individuals, according to a Treasury consultation document published Wednesday and seen first by Bloomberg. The consultation will end in July and the ...