UK Chancellor Jeremy Hunt abolishes non-domiciled status

Jeremy Hunt has abolished the non-domicile tax status and says he will replace it with "a modern, simpler and fairer residency-based system". The chancellor adds the government will put the £2.7 billion a year raised as a result towards tax cuts. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn