GravitasCalifornia wants to tax people for the crime of leaving
PeerTube
Kusuriya (kk7hut)@thewritertype if we ask them the correct way they wont be billionaires when they leave, but that's okay they can take thier millions and pull them up by thier bootstraps and reearn thier self made fortunes
Darren FowerUK's millionaire meltdown? 10.8K fled in 2024 (+157% YoY), and another 16.5K expected to go by end of 2026!>
-> Reeves' plans £2B exit tax to fix £22B+ black hole!
-> But, 150 biz bosses have written to her opposing the idea!
#MillionaireExodus #ExitTax #UKBudget #RachelReeves"
-> Reeves' plans £2B exit tax to fix £22B+ black hole!
-> But, 150 biz bosses have written to her opposing the idea!
#MillionaireExodus #ExitTax #UKBudget #RachelReeves"
MarketForces AfricaThe UK finance minister’s reported plan to impose a 20% ‘exit tax’ on the business assets of wealthy individuals leaving the UK would be “reckless and self-defeating,” warns Nigel Green, CEO of deVere Group
https://dmarketforces.com/reckless-and-self-defeating-uks-reported-exit-tax-plan-slammed/
Matt@quixoticgeek @ChrisMayLA6 It has been reported that around 30 of Norway's richest left by The Guardian: https://www.theguardian.com/world/2023/apr/10/super-rich-abandoning-norway-at-record-rate-as-wealth-tax-rises-slightly
And another source that claims 80 people (uncited): https://www.brusselsreport.eu/2024/09/11/the-failure-of-norways-wealth-tax-hike-as-a-warning-signal/
But since people started fleeing, there has been an "exit tax" put in place, so I'm not sure whether that is factored into the reported losses: https://www.lifeinnorway.net/exit-tax-changes/
DopingConsome
Kevin Karhan 
@Npars01 @mcnado Eeyupp - this is even worse than the pre-Nazi legislation, as the #USA's #ExitTax assumes ALL possessions (from scooter to house and from savings account to portfolio and private pension plan) are being sold off "at market value" right now, and will refuse to complete the #denaturalization until it's completely made up number is being paid off (including any losses, gains and interest incured in the meantime!), not just any assets held within the #US or possessions on U.S. soil (i.e. shares of corporations or property titles)…
IOW: Until denaturalized, U.S. citizens are literally indentured servants to the U.S. government even if they never consented to and/or explicitly widthdrew consent to it.
Gravitas Deficit#tory #sunak #uscitizenship #IRS #exittax
Sunak gave up his green card
And giving up your green card can result in the exit tax!
https://www.forbes.com/sites/robertwood/2017/02/27/renounce-u-s-heres-how-irs-computes-exit-tax/?sh=32484c91287d
And if he just handed it in whilst he was there and some Secretary of whatever accepted it, that does not mean that one must not file with the IRS.
It is very complicated:
https://www.expatriationattorneys.com/green-card-u-s-exit-tax-8-years/
Sunak could owe the IRS tens of millions
#tory #johnson #uscitizenship #IRS #exittax
Johnson citizenship renounciation
A little known fact about renouncing American Citizenship is the exit tax.
This article provides the necessary background.
https://www.forbes.com/sites/robertwood/2017/02/27/renounce-u-s-heres-how-irs-computes-exit-tax/?sh=32484c91287d
So the questions are was Johnson a covered expat, did he submit the
necessary forms and pay any required tax?
Kevin Karhan 
The #USA also #taxes it's #citizens if they are living outside it's territories with no access to anything but consular aid, and not only basically use #DebtPeonage with an absurd #RenounciationFee as a form of bondage of #citizenship, literally having an #ExitTax as if they sold-off all property they own and even demanding future taxes in advance.
