The data shows the total number of millionaires who have moved to a new country each year since 2013, based on those who have relocated and remained for longer than six months. 'Millionaires' or 'HNWIs' refer to individuals with liquid investable wealth of USD 1 million or more
Differences in national tax policies are widely seen as a key factor driving this trend. In particular, capital gains taxes and inheritance taxes often play a significant role in the relocation decisions of high-net-worth individuals.
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