Anthony Richardson comments on the movement of HNW and UHNW individuals towards low-tax countries in the Financial Times

Anthony Richardson has provided comment in the Financial Times on the growing number of HNW and UHNW individuals migrating towards low-tax countries, such as the UAE.

“As a result of the massive amount of debt that governments took on as a result of the pandemic, we started to see an exodus of the millionaire and billionaire classes out of the UK and other places to places like UAE.

“What they see as a danger is that their wealth will be seen as readily available cash. I wouldn’t say the efforts to attract those people have intensified, I would say the exodus has intensified.”

Anthony’s comments were published in the Financial Times, 12 August 2024.