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The majority tax regime, which allows international millionaires to live in the country, causes a part of the rich when paying low taxes.
A new system replacing the “non-residential” tax status abroad comes into force on April 6, having a permanent house abroad, but living in the UK same tax as everyone else.
One case at the point: Frederic de Mevius, one of the heirs of the founders behind the world’s largest brewery, Ab Inbev. Ampluent received property in Kensington and Chelsea and took a man Investment platform Luxembourg and London are located in London. De Mevius was also involved in various cultural institutions in the British capital.
However, according to the notebook Was referred to by BloombergDe Mevius recently took his residency to Belgium. If it is not clear what the action shows, the changes in the unit that do not have a domable structure can play a role
De Mevius is the only one. Henley & Partners, a citizenship and residence advice company located in London, about 10,800 million was second to England, only China.
Evaluations from the UK government since 2022-2023 offer this 74,000 people claimed Accounting for £ 8.9 billion in tax revenues.
Instead of a non-DOM regime, the new system will be based on living and discounted tax rules only for the first four years of foreign incomes in the previous tax structure for the first four years.
According to a new ranking, London slipped up the fifth to the sixth place among the cities involving the millionaires Released on Tuesday by the firm. One of the two countries in the last ten years, the other is one of the two cities in the ranking of Russia’s Moscow’s capital.
According to the report, the changes in non-DOM status and sky-high legacy taxes are less attractive for the wealthy long-term displacers.
“For more than 10 years in the UK, this is the only solution, as all the structures have been caught by this (40% inheritance tax), the only solution,” Director of Peter Ferrigno, Henley and Partners Fortune.
“If you are an international businessman in many countries, if UK lives, if you live in the world, ‘fairness’ violates the principle of ‘fairness’ if you receive 40% of the world’s assets.”
Some factors affecting the changing policies in the UK have been for several years, including the importance of the London Exchange in connection with the global colleagues and a less attractive investment environment for technological and entrepreneurship.
The critics of the non-DOM structure claim that they need more in the UK in the UK with tax rules with tax rules. Others emphasize how millions can help people use people in people and create a wealth in the country by investing in the economy.
Adam Smith’s Institute (ASI) described the millionaires to go to the millionaires as the millionaires ‘non-voting to our current economic structures and our foundations.’
“This is not only for the benefit of a millionair that a change of culture will be useful – a country or ‘go-this’ attitude to create a wealth is a country that will cover a society,” he said In the report.
Roads seem to be reduced to stay in the UK. For example, an investor visa collapsed three years ago to prevent abuse of people, which allows people to invest in the UK in the UK for the location there.
Tea leaves offer a heavier forecast for Britain in the next few years: According to a 2028 to lose 500,000 millionth by 2028 UBS sheet last year.
However, a geopolitical climate that changed rapidly along the pond, continues the desire of some immigrants, especially Americans’ wishes English citizenship.
This story was first displayed Fortune.com
