CapitalExodus
-$94.7B
+$53.1B
Net wealth ↗ gains and ↘ losses by country due to millionaire migration. Since 2023, over $500 billion fled authoritarian regimes for heavens of freedom.
News
DEC 1, 2024
EXIT TAX
The Netherlands proposes a New Exit Tax on Dutch residents
Income (and presumably capital gains) to be taxed for 5 years after leaving the country. Expected into effect in 2025.
OCT 20, 2024
GLOBAL TAX
France proposes Citizenship-based Taxation
France just approved an ammendment to tax its citizens on global income if they move to a region with tax 50% lower than France's.
OCT 10, 2024
EXIT TAX
The UK proposes a New Exit Tax
Reeves urged to hit wealthy with an exit tax as they flee the UK.
JUN 1, 2024
CAPITAL EXODUS
Norway's Wealth Tax Unchains a Capital Exodus
The recent wealth tax increase in Norway was expected to bring an additional $146M in yearly tax revenue. Instead, individuals worth $54B left the country, leading to a lost $594M in yearly wealth tax revenue. A net decrease of $448M+.
APR 30, 2024
CAPITAL EXODUS
Wealth Tax in the UK unchains a massive migration: how many millionaires are moving out?
London's Wealth Exodus: in 2023, the UK lost around 12,500 more high-net-worth individuals (HNWls).
