Business
fromenglish.elpais.com
3 days agoMexico's biggest fortunes seek certainty outside the country
Wealth is rising rapidly in Mexico while GDP stagnates, and heirs increasingly invest abroad, reducing productive domestic investment.
#capital-flight
#capital-flight
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California
fromBusiness Insider
4 months agoRead the letter celebrity lawyer Alex Spiro wrote to Gavin Newsom, warning that his clients will 'permanently relocate' if California's wealth tax passes
California's proposed billionaire tax would impose a one‑time 5% levy on residents with over $1 billion, prompting wealthy individuals to threaten relocation and capital flight.
fromwww.theguardian.com
6 months agoRachel Reeves considers 20% tax on assets of people deciding to leave UK
Rich people quitting the UK could be required to pay a 20% tax on their business assets as part of plans reportedly being considered by the chancellor, Rachel Reeves. The Treasury has drawn up plans for a settling-up charge on assets; a move that would bring the UK into line with most other G7 nations and raise a predicted 2bn for the public coffers, according to the Times.
UK politics
World news
fromwww.theguardian.com
7 months agoFarage, Trump, Musk: your boy Javier Milei just took one hell of a beating. Why so quiet?
Javier Milei's radical free-market reforms sparked initial international praise but precipitated rapid economic collapse, capital flight, and political backlash in Argentina.
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