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![MPelletierCIO Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::220203225.png) Martin Pelletier [@MPelletierCIO](/creator/twitter/MPelletierCIO) on x 61.6K followers
Created: 2025-07-17 18:03:30 UTC

The UK is toast. Warning folks, this could be coming to Canada.

An estimated XXXXXX millionaires are expected to leave the UK in 2025, up from XXXXXX in 2024. This group holds an estimated £66 billion in investable assets.
The UK is now projected to lose more millionaires than any other country, including China and Russia. High-net-worth individuals contribute nearly XX% of UK income tax revenue.

- The UK ended the long-standing non-dom status.
Previously, non-doms could avoid UK tax on foreign income and gains if not remitted to the UK.
Now, all UK residents must pay income and capital gains tax on worldwide earnings, regardless of domicile. The UK’s XX% inheritance tax now applies to global assets for long-term residents (those living in the UK for more than four years.
- The UK currently imposes a XX% total tax rate on oil and gas producers operating in the North Sea.
- As of the year ending March 2025, the UK recorded XXXXX million total arrivals, with non-British nationals making up a significant portion of those entering for work, study, family, or humanitarian reasons

And now they're lowering the voting age to XX.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945907225140269424/c:line.svg)

**Related Topics**
[tax bracket](/topic/tax-bracket)
[russia](/topic/russia)
[china](/topic/china)
[canada](/topic/canada)

[Post Link](https://x.com/MPelletierCIO/status/1945907225140269424)