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UK company directors flee due to tax reforms, with 16,500 millionaires expected to leave this year.
Since Labour's tax reforms in autumn 2021, thousands of UK company directors have left the country, with the exodus peaking in April 2025.
The UAE is the top destination for these departures, following changes that ended favorable tax treatment for non-domiciled residents and increased taxes on the wealthy.
Despite the UK Treasury's claims of remaining attractive for investments, analysts predict 16,500 millionaires will leave this year, resulting in significant tax revenue loss.
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Los directores de las compañías del Reino Unido huyen debido a las reformas fiscales, y se espera que 16.500 millonarios se vayan este año.