THE CEOCAST Millionares Are LEAVING The UK: Expert Accountant Explains Why YOU Should Too!
Jul 6, 2025
Josh Thomas, an accountant specializing in tax strategies for high-net-worth individuals, discusses why UK millionaires are fleeing abroad. He highlights how high taxes and government policies push entrepreneurs toward more favorable jurisdictions like Dubai. Josh explores the implications of this emigration for the UK economy and offers smart tax strategies for those considering relocation. He also dives into how AI is reshaping the accountancy field and the importance of adapting to these changes while building trust with clients.
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UK Tax Policy Drives Entrepreneur Exodus
- Josh Thomas argues the UK taxes entrepreneurs at each step, removing incentives to build and hire.
- He says wealthy founders leave for more attractive jurisdictions that reward risk and growth.
Exit Of Wealth Raises Burden On Others
- Josh warns that when wealthy people depart, the tax burden shifts to working and middle classes.
- He calls it a net loss the government should have modelled before raising taxes.
Use Incentives To Keep Founders
- Create tax‑incentive schemes and efficient business setups to attract and retain entrepreneurs.
- Josh recommends governments and founders prioritise structures that encourage reinvestment and job creation.
