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WEALTH TALK: UK Millionaires And Non-Doms Depart – The Impact
Editorial Staff
30 October 2024
This news service's editor, Tom Burroughes, sat down last week with Maxwell Marlow, research head at the , to ask about its recent work on the impact on the UK economy from rising taxes and the changes to the UK's resident non-domicile system. One take-home point from Marlow is that he fears the UK is falling into an anti-"prosperity culture." This is an audio recording, and runs for about 18 minutes. To see more about the ASI's studies of millionaires and the non-dom issue respectively, see these stories here, and here. If you wish to find out more about these videos, and take part and engage with this publication, email tom.burroughes@wealthbriefing.com.
The ASI said that millionaires are leaving the UK for a number of reasons, including high levels of current taxation, threats of further increases, and a hostile culture towards wealth creators. (For a report about hostile attitudes towards the rich, see this WealthBriefing review of a study of attitudes to the rich, by Rainer Zitelmann, a Germany-based sociologist and entrepreneur.)