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EXODUS OF MILLIONAIRES
What is Zohran Mamdani’s new Millionaire Tax? Will it push wealthy out of New York City?New York City’s newly elected mayor, Zohran Mamdani, has sparked renewed debate over wealth and taxation with his proposal to raise income ...- Indian billionaires quitting London, America… but not one returning to India: RPG boss Harsh GoenkaHarsh Goenka's comment sparks debate about wealthy Indians leaving. Many billionaires are quitting countries like the UK and the US. They p...
- ‘Britain has gone to hell’: Why billionaire John Fredriksen is leaving the UK for DubaiShipping magnate John Fredriksen, once a UK resident, is relocating to Dubai due to Britain's tax reforms, including the abolishment of non...
- 'If you’re under 40, leave the UK': Viral video sparks debate over wealth exodusA viral video by influencer Prudishfish urges young people to leave the UK due to rising living costs and an exodus of millionaires. The de...
- Why are the rich leaving India, where are they headed?A significant number of wealthy Indians are migrating due to better living conditions, business opportunities, and educational prospects ab...
- Home abroad: Why rich Indians are choosing 'invest and migrate' programs for foreign citizenshipAround 10,000 Indian millionaires have migrated in two years, thanks to the 'invest and migrate' trend. High-net-worth individuals seek bet...
- Rachel Reeves to relax non-dom rules amid millionaires' exodus from UKThe amendment would give easier access for some individuals to the so-called temporary repatriation facility, which allows non-doms to brin...
- Congress seeks measures in Budget to undo policies that 'mar ease of doing business'Congress has called for budget measures to end tax terrorism and raid raj, criticizing Modi government's tax policies. Issues cited include...
- Exodus of high net worth Indians economic travesty: Congress on citizenship renunciation dataThe Indian mission organized a series of environmental events in July to promote sustainability, as part of the Plant4Mother campaign launc...
- Over 2.15 lakh Indians gave up their citizenship and moved abroad in 2023In 2023, 216,219 Indians renounced their citizenship, according to a report presented to the Rajya Sabha. The number was slightly lower tha...
- Globally mobile millionaires threaten to desert Britain over taxBassim Haidar may move to Greece or Monaco due to PM Starmer's inheritance tax revisions potentially ending the non-dom regime. He suggests...
- Millionaire exodus: Don’t fret, the India story is intactMany nations are luring HNW Indians with eye-watering incentives. But India is producing much more millionaires in one year than what it lo...
- 6,500 millionaires expected to leave India in 2023, here's where they're headedAbout 6,500 high net worth individuals (HNWIs) are expected to leave India in 2023, lower than the net outflows of 7,500 individuals the pr...
- India's richie rich are buying one-way tickets out of the country. Here's whyA 2018 bank report found that 23,000 Indian millionaires had left the country since 2014. More recently, a Global Wealth Migration Review r...
- Why has growth and job creation slowed down?After the IL&FS default, credit flow to the NBFC sector has dwindled significantly.
- Follow the millionaires: Why exodus of the wealthiest should worry IndiaNo country in the world gains by losing its wealthiest residents.
- Income tax department forms committee to look into tax risk of super-rich leaving IndiaIn light of the emigration of the likes of Vijay Mallya and Nirav Modi, a five-member working group will study the "taxation aspects" of su...
- 23,000 dollar-millionaires have left India since 2014Nearly 23,000 dollar-millionaires have left the country since 2014, with 7,000 leaving in 2017 alone, taking India to the top of the exodus...
- Millionaires from across the world are migrating to Australia! Here's whyHere's a look at the most favoured countries for millionaires, based on a 2016 report on global wealth migration trends.
- 50% more HNIs left India in 2016 versus previous yearThe report pointed out that around 82,000 HNI’s, defined as those who have assets over $1 million, left their home countries last year, ver...
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