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Billionaire cited in UK wealth tax exodus claims had already left
Original: ‘I reside in Monaco’: billionaire said to have quit UK over potential wealth tax had already left
TaxWatch has contradicted reports that billionaire David Reuben left the UK because of a potential wealth tax, revealing he had already moved to Monaco before the tax was proposed. The findings cast doubt on widely reported stories of a super-rich exodus from Britain, questioning claims that wealthy individuals are fleeing the country over tax policy.
Why now: New research undermines a high-profile claim used to argue that a UK wealth tax is driving billionaires abroad.
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Evidence
- ‘I reside in Monaco’: billionaire said to have quit UK over potential wealth tax had already left · The Guardian
TaxWatch contradicts claims about David Reuben’s departure and questions stories of super-rich exodus
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