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+
France just announced they will include Bitcoin as a taxable asset under the wealth tax, which means that French residents will pay taxes on the unrealized capital gains of their Bitcoin.
Income (and presumably capital gains) to be taxed for 5 years after leaving the country. Expected into effect in 2025
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.
Reeves urged to hit wealthy with an exit tax as they flee the UK.
London's Wealth Exodus: in 2023, the UK lost around 12,500 more high-net-worth individuals (HNWls)
Ukraine's Decision to Block Passport Renewals Abroad and What It Means for Ukrainian Citizens
Nayib Bukele announced that El Salvador will be sponsoring 5,000 second passports under its citizenship by investment program for highly-skilled workers.
