economy

Global flight of the wealthy slows sharply as political and tax worries ease

UK had deep drop in rich people shifting jurisdiction after non-dom abolition played out

Global flight of the wealthy slows sharply as political and tax worries ease

TL;DR

  • Global wealth migration has slowed significantly.
  • The UK experienced a sharp decline in wealthy individuals changing their jurisdiction.
  • The abolition of the non-dom tax status in the UK appears to have contributed to this trend.
  • Easing political and tax worries are cited as reasons for the reduced movement of the rich.

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