In bid to curb outflow of wealthy citizens, Green-New-Deal Europe levying exit taxes

In bid to curb outflow of wealthy citizens, Green-New-Deal Europe levying exit taxes

As political, social and economic conditions rapidly deteriorate across misgoverned Europe - stemming mainly from climate hysteria policies and open borders - the wealthy are packing up and taking their lives and capital elsewhere. High energy prices, climate hysteria, dwindling freedoms, rigid regulations, high crime rates and social decay are eroding the globalist-green utopia. Hat-tip: Blackout News Increasingly, European nations are implemen…

Western Europe to Build a Berlin Wall to Keep Rich People from Leaving

Figuratively, not literally, of course. The Euro-crats are building an “exit tax” wall to keep the millionaires from fleeing. Bloomberg reports that Germany has now implemented an exit/wealth tax on unrealized capital gains of up to 45% on millionaires. France recently adopted a similar 30% unrealized capital gains tax on those with incomes of $800,000 Euros or more who try to leave. Norway has a 38% top cap gains rate and there is talk of apply…

Exit Taxes for Millionaires in the UK and Europe

Under current rules, UK residents can avoid UK capital gains tax (CGT) on their UK assets simply by emigrating for more than five years. Think tanks such as the Resolution Foundation have called for an "Australian-style" exit charge that levies CGT on unrealised gains when high-net-worth individuals leave the country.