Christian Angermayer claimed the UK’s most modern tax proposal for non-doms would be a “stout mistake” and be “a bigger act of nationwide self-wound than Brexit.”
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Billionaire investor Christian Angermayer has reportedly left the UK for Switzerland’s Bitcoin hub, Lugano, citing the UK’s plans to enhance taxes on offshore wealth.
The German-born Angermayer modified into once judicious a “non-dom” while living within the UK, which allowed him to again a ways flung from UK taxes on foreign earnings and earnings for as much as fifteen years, Bloomberg reported on Sept. 27.
On the opposite hand, that modified into once reduced to four years in March 2024, and now High Minister Keir Starmer’s Labour Celebration desires to do away with inheritance tax breaks on sources held in foreign trusts.
“The planned changes to the non-dom framework are a stout mistake,” talked about Angermayer, claiming it might maybe possibly seemingly maybe maybe be “a bigger act of nationwide self-wound than Brexit.”
“Every non-dom I know has left or is about to go.”
Angermayer runs a family office and asset management industry, Apeiron Funding Team, which invests largely within the biotech, cryptocurrency and psychedelics industries.
Apeiron’s London office will remain open despite Angermayer’s departure.
Angermayer lately spoke at the Token2049 conference in Singapore about how Bitcoin (BTC) and psychedelics share a in style link by releasing of us from their governments and egos.
Source: Christian Angermayer
The Bitcoin and blockchain investor made the tax-motivated pass to Lugano in September.
In Lugano — a little town in an Italian-speaking plan of Switzerland — roughly 250 merchants settle for Bitcoin funds, in accordance to BTC Scheme. Tether’s USDt (USDT) stablecoin is furthermore widely approved.
Town has change into in fact one of the important ideal Bitcoin circular economies since stablecoin issuer Tether partnered with local authorities in 2022 to personal its fee methods more crypto-friendly.
Lugano has furthermore hosted the Bitcoin-themed conference “Conception ₿ Discussion board” once a year since 2022.
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As effectively as to Bitcoin, Angermayer invests in crypto-centered Samara Asset Team and Bitcoin miner Northern Data AG.
Angermayer reportedly presented Tether to Northern Data forward of the stablecoin agency took a important stake within the industry in 2023.
Angermayer is furthermore in fact one of the important founders of Enhanced Video games — an different competitors to the Olympics the build performance-bettering remedy are inspired. The challenge has been backed by outdated school PayPal CEO Peter Thiel.
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