Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report
Bitcoiner Christian Angermayer claimed the United Kingdom’s latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.”
Billionaire investor Christian Angermayer has reportedly left the United Kingdom for Switzerland’s Bitcoin hub, Lugano, citing the UK’s plans to raise taxes on offshore wealth.
The German-born Angermayer was considered a “non-dom” while living in the UK — which allowed him to avoid UK taxes on overseas income and earnings for up to 15 years, Bloomberg reported on Sept. 27.
However, that was reduced to 4 years in March 2024 and now Prime Minister Keir Starmer’s Labour Party wants to eliminate inheritance tax breaks on assets held in overseas trusts.
Go to Source
Author: Brayden Lindrea
