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flag UK company directors flee due to tax reforms, with 16,500 millionaires expected to leave this year.

flag Since Labour's tax reforms in autumn 2021, thousands of UK company directors have left the country, with the exodus peaking in April 2025. flag 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. flag 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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