Post by @nigelceo

The UK has changed the rules on wealth and people are voting with their feet. 🚨 Under the old non-dom scheme, if you lived in the UK but had businesses around the world, you were only taxed on what you had here. Now the message is: if you are a tax resident, we want 40% of your global estate and tax on your worldwide income. Daniel Priestley, founder of Dent Global, says wealth managers are already telling clients to get out, and roughly 1,000 people a month are leaving. In the UK, 1% pay 30% of the taxes and 10% pay 60%. Drive them out and the ordinary person paying 10k a year ends up paying 20k. Fair policy or self inflicted damage? 👇 (via YT/The Diary Of A CEO & IG/archiveofceos) #NonDom #UKTax #WealthExodus #InheritanceTax #Economy