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
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.