#capital-flight

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#billionaire-tax #california-ballot-initiative #high-net-worth-relocation #settling-up-tax
California
fromBusiness Insider
4 days ago

Read the letter celebrity lawyer Alex Spiro wrote to Gavin Newsom, warning that his clients will 'permanently relocate' if California's wealth tax passes

California's proposed billionaire tax would impose a one‑time 5% levy on residents with over $1 billion, prompting wealthy individuals to threaten relocation and capital flight.
fromwww.theguardian.com
2 months ago

Rachel Reeves considers 20% tax on assets of people deciding to leave UK

Rich people quitting the UK could be required to pay a 20% tax on their business assets as part of plans reportedly being considered by the chancellor, Rachel Reeves. The Treasury has drawn up plans for a settling-up charge on assets; a move that would bring the UK into line with most other G7 nations and raise a predicted 2bn for the public coffers, according to the Times.
UK politics
World news
fromwww.theguardian.com
3 months ago

Farage, Trump, Musk: your boy Javier Milei just took one hell of a beating. Why so quiet?

Javier Milei's radical free-market reforms sparked initial international praise but precipitated rapid economic collapse, capital flight, and political backlash in Argentina.
Miscellaneous
fromenglish.elpais.com
3 months ago

The financial scandal that rocked Franco's Spain and ended with a suicide in Lausanne

Georges Laurent Rivara orchestrated large-scale capital flight from Franco's Spain, culminating in a 1958 scandal and his likely 1962 suicide in Lausanne.
UK politics
fromBusiness Matters
5 months ago

Flight of the non-doms: how worried should Labour be about the superrich leaving the UK?

The exodus of non-domiciled individuals could significantly impact the UK's economy, with potential losses in investments and tax contributions.
UK news
fromwww.theguardian.com
6 months ago

The Guardian view on Zambia's Trumpian predicament: US aid cuts are dwarfed by a far bigger heist | Editorial

Zambia's economic struggles stem from systemic capital flight driven by foreign corporate practices, not merely local corruption.
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