UK should have an “exit tax” like Australia and Canada. The UK is an international outlier in not taxing rich people leaving the country.

dwazou@lemm.ee · edit-2 1 month ago

UK should have an “exit tax” like Australia and Canada. The UK is an international outlier in not taxing rich people leaving the country.

HumanPenguin@feddit.uk · edit-2 26 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.

UK should have an “exit tax” like Australia and Canada. The UK is an international outlier in not taxing rich people leaving the country.

UK should have an “exit tax” like Australia and Canada. The UK is an international outlier in not taxing rich people leaving the country.

UK should have an "exit tax" like Australia and Canada