Global flight of the wealthy slows sharply as political and tax worries ease The global outflow of wealthy individuals has seen a substantial decrease, particularly in the United Kingdom, following the implementation of non-dom abolition. This shift indicates a potential easing of concerns related to political and tax environments that previously drove such migrations.

• 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. Continue reading https://www.ft.com/content/2245f688-cbbf-42ce-ae79-ab5d7ea9a6d0