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"Americans are heading home as Britain plans a 50 percent tax rate for those who earn more than 150,000 pounds ($248,000) a year and employers cut benefits for workers living abroad, reducing the allure of London. That comes a year after the U.K. said foreigners who have lived in the country for more than seven years must pay 30,000 pounds annually or give up the special status that shields overseas income from British taxes." Elle Macpherson Can’t Counter London Gloom as Americans Flee, Bloomberg.
UK Watchdog Wants To Shrink The Financial Sector
Courtesy of Vincent Fernando
