| Title: |
'A Huge Mistake': Angermayer Slams UK Wealth Tax Plan After Exit. |
| Authors: |
Stupples, Ben (AUTHOR); Pendleton, Devon (AUTHOR); Nicolle, Emily (AUTHOR) |
| Source: |
Bloomberg.com. 9/27/2024, pN.PAG-N.PAG. 1p. |
| Subject Terms: |
*Investors; *Wealth tax; *Inheritance & transfer tax; *Tax evasion; *Tax incidence; *Cryptocurrencies |
| Abstract: |
Christian Angermayer, a cryptocurrency, biotech, and psychedelics investor, has left England for Lugano, Switzerland, due to the UK's plans to raise taxes on offshore wealth of affluent residents. Angermayer, a German native who lived in the UK for the past decade, explored relocating to New York and Dubai as well. The UK's political parties have targeted non-domiciled residents, including top bankers and multibillionaires, to raise funds for spending on voters. Angermayer criticized the planned changes to the non-dom framework, calling them a "huge mistake" and potentially a bigger act of national self-harm than Brexit. [Extracted from the article] |
| : |
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| Database: |
Business Source Premier |