Tax exodus and the new nomads: Why entrepreneurs are weighing their options

Tax changes see entrepreneurs mull relocation

clock • 5 min read

Entrepreneurs and investors (can't get no) satisfaction due to Budget tax changes, writes Andrew McMillan

In 1971, the Rolling Stones famously relocated to the South of France, becoming emblematic of high-profile tax exiles. Over 50 years later, a new wave of headlines suggests that today's entrepreneurs and investors may now be following suit. But are we truly witnessing the rise of a modern generation of nomadic business leaders seeking tax relief abroad? The Autumn Budget confirmed changes to capital gains tax (CGT) rates, business asset disposal relief (BADR), and inheritance tax. These changes are part of the government's efforts to generate much-needed revenue to fund public service...

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