UK Wealth Tax Would Spur Millionaire Exits to US

“More than half of UK millionaires in a survey signaled they’d be more likely to leave the country if the Labour government introduces a new wealth tax,” Bloomberg reports.

“About 60% of the respondents also said that they thought they could have a better quality of life overseas, according to the survey by financial advisory firm Arton Capital. Nearly half of the questioned millionaire Labour voters indicated they’d be more inclined to exit if a new levy was brought in.”

“The US topped the rankings among wealthy Britons for potential relocation, followed by Canada, Australia and the United Arab Emirates.”