UK should have an "exit tax" like Australia and Canada
www.lse.ac.uk
The UK is an international outlier in not charging Capital Gains Tax (CGT) on people who leave the country, argues a new report.
  • splonglo@lemmy.worldEnglish
    10·
    20 days ago

    The rich DO love slurping up all of our money and then living somewhere else where they don’t have to pay any tax.

  • hbm@feddit.dkEnglish
    7·
    20 days ago

    And the US after that facebook guy went to SGP prior to the IPO. It’s a little ew in my (personal) book — a cover charge to leave the bar if you still have money for more drinks, but hey …

  • HumanPenguin@feddit.ukEnglish
    1·
    16 days ago

    Unfortunately the reason it won’t happen. Is it will be seen as also an entrance tax.

    Discouraging wealthy investors from settling in the UK.

    And given most wealthy living in the UK manage to avoid taxes. Anything discouraging them from leaving is not really going to achieve much. They will just stay and find/fund other ways to avoid taxation.