Expat Tax Fight Heats Up in Britain

Wealthy foreigners are irate over the British Treasury's ambitious tax plan. Many may leave, and take their assets and investments with them

From the hedge funds of upmarket Belgravia to the investment banks of high-tech Canary Wharf, London has become one of the world's leading financial centers. But the city's standing is suddenly at risk as the British government pushes forward with plans to raise taxes on wealthy foreigners. If the new rules go through, billions of dollars in assets and investment could leave the country.

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