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Home Market Research Economy

European governments struggle to stop rich people from fleeing

by TheAdviserMagazine
8 months ago
in Economy
Reading Time: 1 min read
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European governments struggle to stop rich people from fleeing
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When a government falls apart, pay attention to the laws ministers still manage to pass. Germany’s collapsing “traffic-light” coalition was unable to agree on climate policy or a budget, but it flashed green for one change: an exit tax. Since January 1st anyone with over €500,000 ($520,000) in investment funds has had to pay income tax on gains earned in Germany if they wish to extract their money from the country.



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