Already a Bloomberg.com user?
Sign in with the same account.
The number of foreigners living in the U.K. who can shelter overseas earnings from U.K. taxes fell 16 percent since the government required them to pay a levy of 30,000 pounds ($47,500) annually if they have been living here for more than seven years, the Financial Times reported.
The number fell to 118,000 in 2009-2010, the newspaper reported, citing data obtained by the Scottish commercial law firm McGrigors LLP.
To contact the reporter on this story: Gavin Finch in London at firstname.lastname@example.org
To contact the editor responsible for this story: Edward Evans at email@example.com