"And in the finance bill, we will be tabling an amendment which makes more generous the temporary repatriation facility, which enables non-doms to bring money into the UK without paying significant taxes.".
Additionally, Ms Reeves mentioned she had heard worries from nations with double taxation agreements with the UK, like India, about the potential impact on inheritance tax obligations.
In a conversation at the World Economic Forum in Davos with the Wall Street Journal, the Chancellor explained that the tax hike on non-doms was initially aimed at generating revenue for public services.
This amendment will expand the temporary repatriation facility, which permits non-doms to bring funds into the UK without incurring significanttaxes.
The Treasury maintains that the non-dom reforms will still secure the £33.8bn in tax revenue projected by the OBR, including the new amendment.
