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Impose Exit Tax on fleeing rich


Impose Exit Tax on fleeing rich
Impose Exit Tax on fleeing rich
Bharat Jhunjhunwala
Consultancy company Henley and Partners assists the rich to migrate from one country to another. It has said that the numbers of rich wanting to migrate out of India have increased by 63 percent in 2020. Certainly there is contribution of the Covid pandemic. However, in 2018, before the pandemic, the Afro Asian Bank in its Global Wealth Migration Review reported that 15,000 rich persons migrated out of China, 7,000 from Russia, 5,000 from India and 4,000 from Turkey. Three of these four countries namely, China, Russia and Turkey are dictatorial in their political setup. We may speculate that the out migration from these countries could be due to political suffocation. The inclusion of democratic India in this list is ringing a danger bell for us. On the other hand, the destination of the rich was 12,000 to Australia, 10,000 to the United States, 4,000 to Canada and more importantly 100 ....

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Fincasa sharpens focus on investment immigration market


Fincasa sharpens focus on investment immigration market
DUBAI, 1 days
ago
Fincasa, a Dubai-based investment and immigration advisory, is sharpening its focus on the growing $20 billion investment immigration market as more countries are currently offering immigration, 2nd home, permanent residency, citizenship, and passports to attract investment under various schemes.
Following the Covid-19 pandemic, an increasing number of UAE residents from different parts of the world are currently applying for Citizenship by Immigration (CBI), Residency by Immigration (RBI), 2nd Home, Permanent Residency as well as US business immigration programme EB-5, etc.
Out of a total of 7.6 billion people on earth, more than 272 million people currently live away from their home countries, including immigrants, refugees, and others. As many as 100 countries, or more than half of the world’s sovereign states, currently offer these facilities to attract the High-Net-worth Indivi ....

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