European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
When a government falls apart, pay attention to the laws ministers still manage to pass. Germany’s collapsing “traffic-light” coalition was unable to agree on climate policy or a budget, but it flashed green for one change: an exit tax. Since January 1st anyone with over €500,000 ($520,000) in investment funds has had to pay income tax on gains earned in Germany if they wish to extract their money from the country.
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This article appeared in the Finance & economics section of the print edition under the headline “In search of growth”
Finance & economics January 25th 2025
- The Arctic: climate change’s great economic opportunity
- China’s financial system is under brutal pressure
- How American bankers dodged the MAGA carnage
- Has Japan truly escaped low inflation?
- Saba Capital wages war on underperforming British investment trusts
- European governments struggle to stop rich people from fleeing
- Do tariffs raise inflation?
From the January 25th 2025 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt
China’s financial system is under brutal pressure
When will something break?
The Arctic: climate change’s great economic opportunity
An enormous prize is on offer. When might it be grasped?