
Lord Ashcroft said he had given undertakings to 'take up permanent residence in the UK again' by the end of 2000 Photo: PAUL GROVER However, he signalled that he will give up his non-domiciled status and bring all of his financial affairs within the UK tax system if the Conservatives win power. Lord Ashcroft has been under intense pressure from Labour to clarify his tax status. Related Articles David Cameron: I'm fit and ready to run Britain Independence for schools within months of Tory win Tory donor Lord Ashcroft faces tax dilemma under new rules Lord Ashcroft to quit marginal seats role Tax exiles banned from House of Lords Humbug of politicians with their allowances In a statement on his website today, he said that he pays income tax on his earnings in the UK, but not on earnings elsewhere. Most of Lord Ashcroft’s business interests are thought to be based in Belize. Lord Ashcroft became a Conservative peer in 2000. Before accepting the peerage, he gave promises to William Hague, then the Tory leader, about his tax status.
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