Chris Rokos Becomes UK's Third-Highest Taxpayer to Leave Country Amid Concerns Over Potential Wealth Taxes
Christopher Rokos, one of Britain’s most prominent financiers and the country’s third-highest taxpayer in 2025, is relocating his residency from the UK to Greece. This move follows Labour's abolition of the non-dom tax regime last year, which now subjects foreign income to taxation within the UK. Greece offers a more favorable alternative with its own flat-rate non-dom system requiring an investment of €500,000 in property or business ventures. Rokos’s hedge fund, Rokos Capital Management, manages over $20 billion and has contributed significantly to public finances—his £330 million tax payment last year equated to the amount paid by 21,000 British households. His departure highlights growing concerns among wealthy individuals about potential wealth taxes under Chancellor John Healey’s upcoming budget in October. The UK government faces economic uncertainty due to rising inflation and geopolitical tensions affecting oil prices. Prime Minister Andy Burnham has not ruled out increasing the tax burden despite warnings from Treasury officials.
Topics: hedge funds non-dom regime tax policy wealth migration