UK high earners eye Asian destinations
Hong Kong and Singapore top the list of Asian locations to which wealthy UK residents would move to avoid higher taxes and regulatory uncertainty, according to law firm Withers.
Asia's healthy cash reserves look set to swell further, if wealthy individuals from the UK follow through on plans to relocate in the coming year. A survey of client advisers released yesterday by London-based law firm Withers found that three-quarters are very likely or somewhat likely to move abroad in the next 12 months.
While Switzerland was the most popular relocation destination, cited by 63% of those thinking of leaving the UK, around one in 10 cited Hong Kong (11.2%) and Sing…
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