"A skilled Londoner earning 50% above the median salary now faces £2,700 more in annual income tax than two years ago - a rise of nearly 25%."
"Relocation is no longer the preserve of the ultra-wealthy. Remote working, global hiring and dual citizenship have significantly lowered the barriers."
Many British professionals and entrepreneurs are contemplating leaving the UK due to Labour's tax policies, which are perceived as a "stealth tax bombshell." The forecasted increase in tax brackets, driven by inflationary wage growth, is pushing individuals to seek alternatives abroad. deVere Group notes a 36% increase in consultations for relocation, with many opting for countries like Italy and Portugal that offer favorable tax regimes. This trend indicates a shift toward mobility, as more middle-income earners consider international options to minimize their tax liabilities.
Read at Business Matters
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