Lord Paul was appointed to the Privy Council last year Labour peer and donor Lord Paul will end his controversial "non-dom" status from the next tax year, he has said.The billionaire steel magnate said he would pay UK tax on his overseas earnings to comply with new laws being introduced by the government. The police have said they will not be 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. A measure to ban non-doms - who do not pay UK tax on overseas earnings - from sitting in Parliament was inserted into the Constitutional Reform and Governance Bill with cross-party support. 'Will be qualifying'The New Statesman reports Lord Paul 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.[Read more...]