2024/01/19 14:37:22

Britain's richest people

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2024: About 10 thousand millionaires leave Britain due to high taxes
2023
- $52 billionaires
- More than $3 million - the threshold for entering the number of 1% of the richest people in the country
2022
- There are 2.556 million millionaires in the country
- 25,771 ultra-rich
2021: The richest 1% of citizens account for 23.1% of the population's assets
2020: 8th in the world in the number of billionaires - 45
2019: 2,000 millionaires leave Britain
2018: 8.2 billionaires for 10 million people
2014:1% of the wealthiest citizens control 20% of the country's wealth
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2024: About 10 thousand millionaires leave Britain due to high taxes

Britain's ultra-rich are fleeing the threat of tax rises. Labour's looming October 2024 triple blow to the rich has accelerated emigration plans among thousands of wealthy residents.

According to The Times, 10,000 multimillionaires left Britain in 2024 - 157% more than a year earlier.

It's about Labour initiatives that, under the guise of tackling budget deficits, have redrawn tax legislation for foreigners:

For 200 years, Britain has had a special tax regime for wealthy non-citizens, giving the status of a "non-domiciled resident" (UK RND). It allowed for 15 years to pay taxes only on funds that the carrier imported into the country. Favorable conditions not only attracted capital holders, but also created a large industry for serving such customers.

However, Labour, under the slogans of caring for the working class, decided to "dispossess wealthy foreigners" - reduced the term from 15 to 4 years, made all companies transparent, and also obliged to pay taxes to the British budget for foreign wealth.

As a result, foreign multimilionary clients, having lost favorable conditions, began to move to Cyprus, the UAE and Switzerland. And the British budget, instead of revenues, lost at least £5 billion with a "budget hole" of £20 billion.