UK taxes push out billionaires
British billionaire Chris Rokos, founder of Rokos Capital Management, has decided to relocate his residence from the United Kingdom to Greece due to potential increased taxes in Britain and tightening tax laws. Rokos is one of the UK's top taxpayers; last year, he earned £477 million from a hedge fund he manages, with assets totaling around $22 billion. Greece offers a special tax regime aimed at attracting wealthy foreigners, allowing for an annual flat tax of €100,000 on foreign income for up to 15 years, provided a certain amount is invested in Greece. The growing financial pressures in Britain, which are expected to lead to higher taxes, are pushing some wealthy individuals to seek more attractive tax systems elsewhere, including Greece.
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