Are they going ultra rich in mass as soon as they are attacked by a new tax measure? It was the main argument of the detractors of the “Tax on Zucman”, this project (rejected in June by Parliament) that consisted of establishing a 2% floor tax on the assets of tax households that have more than 100 million euros.
The same debate agitates the United Kingdom since the government ended the state of “non -domicile.” This advantageous fiscal system so far made it possible to live on British soil without declaring their foreign income. It is assumed that its abolition approved last October provides 33.8 billion sterling pounds in the next five years, according to the budget responsibility of the office (OBR) that recognizes, however, that this amount remains “very uncertain” because it will depend on the number of people who will leave the country to avoid paying more taxes.
Clear ascent
However, the latest figures published by the Financial Times This Wednesday seems to reinforce the supporters of the “non -domain” regime. According to the British Daily newspaper, which is based on the analysis of documents deposited in the company’s house (the trade equivalent and the registration of companies in France), 3,790 business leaders left the United Kingdom between the vote of the last budget in October 2024 and June 2025, against 2,712 during the same period of year before. An increase of almost 40%. This would represent 5% of the 74,000 people who benefited from the “No Dom” regime.
Among the personalities that have abandoned the United Kingdom in recent months are significantly the Swiss billiona Guillaume Poussaz, founder of the Checkout.com payment platform, Nassef Sawiris, the richest man in Egypt, Riccardo Silva, owner of the Miami or John Reece Soccer Club, Financial Director of INEOS.
With 691 registered exits, the exodus of the rich residing on the channel would have reached its monthly peak in April, when the abolition of the tax advantage has officially entered into force. A 79% figure compared to the same month in 2024, and 104% compared to April 2023, even according to the “FT”. Pami The Destinations of privileged refuge: United Arab Emirates, Dubai, Spain, United States, Monaco …
No official data available
Bloomberg observes the same trend. The American news agency estimated in June that more than 4,400 managers had moved abroad during the past year, an increase of 75%. However, he acknowledges that all these figures must be taken with tweezers and that it is “difficult to have reliable figures.” In the first place, because there is no official estimate at this stage, the British fiscal administration had to publish the first data in 2027. Then, because the motivations of each item are not known, even if the elimination of the “No DOM” regime without a doubt an important part.
Several studies on the subject have also been criticized in recent weeks. Starting with Henley & Partners, which predicts that a record number of 142,000 Ultra Ricos will leave the United Kingdom in 2025. Work that lacks impartiality, denounced the group of fiscal justice networks, remembering that Henley & Partners is a British investment migration consultant.
Another study written by Arun Advani, economist at the University of Warwick, and cited by the GuardianHe says that the abolition of the fiscal advantage for the richest will lead to an “important” exodus, but that it will be “temporary.” The OBR finally believes that the end of the “No Dom” regime could reduce the population of “non -domicile” by 12 to 25%. If it is the high rank, the reform would be counterproductive and would result in net tax losses for the Government, according to experts.
So many data that refer to the British Minister of Finance Rachel Reeves, who would plan to soften taxes on the richest. Particularly when returning to the decision to present the old “No Dom” to the Inheritance Tax of up to 40%. But the Labor Government is in a delicate position a few weeks before the presentation of the budget, which should allow important savings to generate the situation of public finances throughout the channel.
Source: BFM TV
