If you plan to move your savings to a bank account out of the UK, think again. The UK's Labour government may be mulling to impose an exit tax on Wealthy investors who decide to move their funds out of the country.

UK: Labour could hike CGT for wealthy individuals moving overseas

UK's Labour Government to impose 'exit tax' on the wealthy?

The ongoing exodus of foreign companies from Russia has resulted in $385 million in revenues in 2024 so far. This stems from an exit tax policy implemented when companies began leaving Russia after the Ukraine invasion began. The policy requires departing businesses to contribute at least 10% of their sale price to the federal budget. Watch for more details!

Foreign companies' exit contributions in 2024 surpass $385 mn

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