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Labour peer to end non-dom status | |
(10 minutes later) | |
Labour peer and donor Lord Paul will end his controversial "non-dom" status from the next tax year, he has said. | |
He told The New Statesman he would pay UK tax on his overseas earnings to comply with new laws being introduced by the government. | He told The New Statesman he would pay UK tax on his overseas earnings to comply with new laws being introduced by the government. |
The police have also said they will not investigating his expenses, he said. | The police have also said they will not investigating his expenses, he said. |
The Tories have repeatedly highlighted Lord Paul's tax status in response to criticism of their deputy chairman Lord Ashcroft's non-dom status. | |
Lord Paul was ennobled in 1996 and appointed to the Privy Council last year. | |
The New Statesman reports him as saying: "On the issue of taxation position of peers, of course it goes without saying that I'll be fully complying with the change of law which the government is bringing forward. | |
"I strongly support the government proposals in relation to the taxation status of peers and MPs and the membership of the House of Lords and the House of Commons." | |
He later told the Press Association: "I will be paying all the taxes. I will be qualifying to be in the House of Lords." | |
He also said the Metropolitan Police had told him he would not face any further action over allegations that he abused parliamentary expenses. |