Chris Rokos, a £3 billion-wealthy hedge-fund billionaire and one of the UK's top taxpayers, plans to leave the UK for Greece. He was ranked third in The Sunday Times list of Britain's top taxpayers, having paid £330m last year, and had recently pledged to donate £190m to Cambridge University. Rokos will open an office in Athens, reportedly attracted by Greece's generous tax rules for wealthy foreigners earning overseas income, which allow them to pay a flat yearly tax of €100,000 (approximately £86,000) on all overseas income. This decision has raised questions about the UK's ability to collect taxes from those who relocate abroad. The UK government spokesperson defended the country as an "attractive destination for talent and investment" with a "competitive and stable tax system."
The latest research for the Rich List revealed an ongoing exodus of wealth from the UK following the Government’s non-dom crackdown and inheritance tax changes.