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Billionaire cited in UK wealth tax exodus claims had already left
Original: ‘I reside in Monaco’: billionaire said to have quit UK over potential wealth tax had already left
Billionaire David Reuben was reported to have quit the UK over Labour's potential wealth tax, saying 'I reside in Monaco'. But TaxWatch says the claims do not hold up, finding Reuben had already left Britain before the tax debate and questioning wider stories of a super-rich exodus from the UK. The findings cast doubt on claims that tax policy is driving billionaires abroad.
Why now: Reports of the rich fleeing a proposed UK wealth tax are widely discussed, and this contradicts that narrative.
David ReubenTaxWatchMonacoUnited Kingdom
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Evidence
- ‘I reside in Monaco’: billionaire said to have quit UK over potential wealth tax had already left · The Guardian
TaxWatch contradicts claims about David Reuben’s departure and questions stories of super-rich exodus
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