Tax burden prompts exodus of the wealthy
Wealthy individuals prepared to leave UK over tax burden in the UK
One in seven of the UK’s wealthiest individuals are thinking about quitting
the UK, and tax one of the main reasons for their possible departure.
A report published by
Barclays and the
Economist Intelligence Unit
found that 57% of the 350,000 people polled wanted to pay less tax and were
looking at ways of facilitating this.
The participants in the survey possessed investable assets such as cash and
shares worth more than £100,000. Together, the participants have a combined
spending power of £26bn.
Further reading:
Celebrities vs the taxman – who’s the winner?