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By Hélie de CORNOIS, Partner - Head of Family Office Luxembourg, Stonehage Fleming Group
The number of high-net-worth individuals worldwide who are in the process of changing their country of residence has risen sharply in recent months and the projections for 2024 are quite impressive. The reasons for this can vary from geopolitical considerations and access to education for children, to tax and estate planning considerations. In the context of the latter, many countries are modifying their tax rules, either in an attempt to collect more significant revenues from their wealthy residents, or on the contrary, by trying to put in place favorable measures to encourage the installation of new wealthy residents.
The taxation of individuals and...
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