Explainer: Why are the super rich leaving London?
Nervousness is growing in some exclusive streets of London – both the ruling Conservatives and the opposition Labour Party want to end tax breaks that have benefited many of the super-rich to date. This is apparently leading to hasty travel plans. “People are jumping on planes and leaving the country,” the Guardian quotes the head […]
Read moreThe rich are getting second passports, citing risk of instability
The wealthy are building “passport portfolios” — collections of second, and even third or fourth, citizenships — in case they need to flee their home country. Recent high-profile examples of second citizenships include billionaire tech investor Peter Thiel, who added a citizenship in New Zealand, and former Google CEO Eric Schmidt, who applied for citizenship […]
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