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‘Petrified’ non-doms poised to flee UK over Labour’s tax plans

#143

More than 10,000 millionaires have left Britain, analysts say​


https://www.independent.co.uk/money...-have-left-britain-analysts-say-b2682099.html


--- quote start

More than 10,000 millionaires have left Britain in the past year, analysts say.

Taxes, the growing dominance of the US and Asia in the global hi-tech sector, the “dwindling” importance of the London Stock Exchange and the “deteriorating” state of the health system are some of the potential drivers of the exodus, according to the New World Wealth (NWW) global analytics firm.

Britain lost a net 10,800 millionaires in 2024, while the figure was 4,200 in 2023.

--- quote end

Have to wait for some UK government official figures I guess.
 
#147
yeah it's seriously scary the way UK turned in the last 10-15 years. But I don't care, there's nothing good there for my taste nowadays!
the crazy thing is that the woke millionaire can leave (or keep his money away) after having pushed stupid ideologies and the average guy now must hold the bag. rof/%

It's like california, till the fire reaches your house (or your wallet) everything is fine!

this-is-fine_custom-b7c50c845a78f5d7716475a92016d52655ba3115.jpg
 
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#156
UAE, Cyprus, Switzerland and Monaco. In this order. Israel if you can do aliyah.
Some went to Italy (flat tax), but not many.
And some just moved to Spain or France, same ridiculous taxes, but better climate and quality of life.
 
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#157
marioIT said:
A friend just called me telling me that he was scared about the "Inheritance Tax tail"... the IHT that follows you if you die abroad... even 10 years after leaving UK !
Click to expand...

Labour is trying their hardest to make the UK an unattractive place to live, work or grow your assets.
 
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