Posts tagged "Exit Tax"
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Jul 7, 2026 Policy

Taxing British citizens abroad: why a passport tax won’t work

If you’re a US citizen then you pay US tax wherever in the world you live. Americans can’t escape the US tax system simply by moving abroad; they have to give up their citizenship. The Liberal Democrats and others have suggested the UK should adopt something similar: a “passport tax” on British citizens living overseas. […]
Companies House filing showing Nikolay Storonsky changing his residence from UK to UAE
Oct 11, 2025 Analysis

Could we have stopped Revolut’s founder from leaving the UK?

Nik Storonsky, the billionaire founder of Revolut, has reportedly left the UK and become tax resident in Dubai – a move that could save him more than £3 billion in UK capital gains tax. His departure raises a larger question for the UK tax system: could we have stopped him leaving? Either with the carrot […]

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