Posted on 09/09/2024 5:57:40 AM PDT by ChicagoConservative27
Nearly ten thousand millionaires are predicted to flee the jurisdiction of the United Kingdom this year amid expected tax raids from the left-wing Labour Party government of Sir Keir Starmer.
While the previous Tory government of Rishi Sunak ushered in the highest tax burden since the Second World War, in large part to pay for the debts accrued during the coronavirus lockdowns, it is widely predicted that the fall budget of the Labour government will see further money grabs by the British state, with likely targets including capital gains and inheritance taxes.
According to a report from The Times of London, a firm which helps wealthy people relocate abroad said that in August — the month after Prime Minsiter Starmer came to power — they had seen a 69 per cent increase in inquiries from wealthier people seeking to leave the UK.
(Excerpt) Read more at breitbart.com ...
Be like John Lennon and “Imagine there’s no taxes!”
“are predicted”
I wouldn’t blame them, but, where is left for them to go?
Singapore. Can’t think of anywhere else.
They need the money to give to their new overlords, th3 Invading muslims
https://www.businessinsider.com/countries-where-millionaires-are-moving-2019-5?op=1
“The wealthy today don’t have a country,” Reaz H. Jafri, a partner at Withers Worldwide, which helps affluent clients relocate around the world, told The New York Times in 2017. “They don’t view their success as being related or dependent on a single country, but on their own business strategies. It’s amazing to me how many of the very wealthy are going totally mobile.”
Maybe they should tax knifes carried in public 🤔
The Tory party broke every promise to their. Others and the native population and they deserve to die as a party. Labor, and Starmer in particular, needs to be shitcanned as well for being evil marxist totalitarians.
Be like John Lennon and “Imagine there’s no taxes!”
************
The Lennons invested nearly $3 million in cattle in the mid-70’s and claimed substantial write-off’s. The IRS viewed the operation as a tax shelter.
LOL! Good one.
Noted investor, author, financial commentator and former Soros partner Jim Rogers lives in Singapore.
The problem is that there is no real alternative in Britain. Labor is ramping up the confiscatory, Socialist crazy by 1000%, but the prior, long-lived “Conservative” government set the stage.
I’m not even sure anyone will be left to mourn its demise when that faded country finally gives up the ghost.
Interesting. So they would know where the safe havens are while they destroy everything else.
Interesting reading about people moving to Russia actually. ..and this before Putin changed requirements recently......they’re also moving from Canada to Russia.
Rogers’ focus/expertise is on investing in international opportunities in developed and frontier markets. Similar to Mark Mobius who specializes in foreign investments and lives abroad (he renounced his U.S. citizenship and lives in Germany). Even in their 80’s these guys spend much of their time abroad and have colleagues all over the world, so no surprise that they live abroad. To what extent that’s a personal versus a financial decision, who knows?
Didn’t the Channel Islands like Jersey and Sark used to be tax havens?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.