The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2025
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Source: WSJ
U.K. Taxation on the Wealthy: The U.K. government is attempting to implement taxes targeting the superrich, but the initiative is facing challenges and resistance.
Businessman’s Departure: Bassim Haidar, a businessman from Lebanon, expresses his feelings of unwelcomeness in the U.K., indicating he plans to leave the country.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
