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.
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.Read more