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Paul J Davies
@pauljdavies.bsky.social
Has views on banking and finance for Bloomberg Opinion. Just because you “like” something doesn’t mean you *like* something, but we all take it as evidence all the time. Money. Music. Mumbling. Also #COYS
888 followers736 following1.9k posts
PJpauljdavies.bsky.social

Exit taxes for rich emigrants are way more common than I thought >> Economists Urge UK ‘Exit Tax’ to Prevent Departures of Wealthy www.bloomberg.com/news/article...

"Charging CGT on people who leave the UK is not about punishing them for leaving," said Andy Summers, director of CenTax and associate professor at the London School of Economics. "It's simply saying, 'You need to pay your bill on the way out? Most of the UK's international peers already do this, and there is no reason why the UK couldn't, as well." Other countries that charge capital gains tax on emigrants include Denmark, Finland, France, Germany, Ireland, Japan, Luxembourg, the Netherlands, Norway, South Africa, Spain, Sweden. Within the Group of Seven, Italy is the only other country that doesn’t
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DLdlynch.bsky.social

Why *wouldn't* a government do this? At least one that's protecting the interests of its own citizens.

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PJ
Paul J Davies
@pauljdavies.bsky.social
Has views on banking and finance for Bloomberg Opinion. Just because you “like” something doesn’t mean you *like* something, but we all take it as evidence all the time. Money. Music. Mumbling. Also #COYS
888 followers736 following1.9k posts
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