Diabytes
Ultra-rich population News
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The exodus of the wealthy is primarily driven by the UK government’s decision to overhaul long-standing tax practices, including the abolishment of the 'non-domiciled' (non-dom) status. This regime previously allowed UK residents to avoid taxation on foreign income if they claimed their permanent home was abroad.
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Over the past year, the number of millionaires in dollar terms in the country rose from 196,000 to 250,000, registering an increase of 27 per cent.
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