Icelandic Billionaire Relocates Tax Residency from UK to Italy
Thor Björgólfsson, Iceland's first billionaire, has moved his tax residency from the UK to Italy and relocated his investment firm Novator. His decision is part of a growing trend among high-net-worth individuals leaving Britain following Labour’s abolition of non-dom status and changes in inheritance tax rules.
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Topics: Billionaire relocation Non-dom status reform Tax residency UK economic policy