The cost of staying.
Western tax regimes are tightening. Non-dom schemes are closing. Every year you wait compounds the loss.
The closing doors
The schemes that protected European wealth are being dismantled.
2024
Portugal NHR
Closed
Apr 2025
UK Non-Dom
Abolished
2025
Italy Flat Tax
Under review
2025
Netherlands Box 3
Reformed
2025+
France ISF successor
Expanding
Next
?
Your jurisdiction
The compounding cost
A European investor earning USD 500,000 annually in foreign-source income pays:
over 10 years
The tax you pay is capital you cannot reinvest. At 8% compounding, the true cost over a decade is not the tax paid — it is the returns lost on the capital that was never deployed.
Who this affects
The profiles most exposed to Western tax regimes.
Post-exit founder
GBP 8M liquid. Facing 24% CGT on reinvestment gains and 40% IHT on estate.
UK property investor
USD 400K annual rental income. Paying 45% additional rate.
French family office
EUR 12M AUM. ISF successor + social charges consuming 6% annually.
Crypto holder
USD 5M unrealised BTC gains. No legal exit framework. 30% French flat tax waiting.
Digital nomad
USD 300K consulting income. No primary tax residency. Exposed in every jurisdiction.
German Mittelstand founder
Sold business for EUR 15M. Einkommensteuer + Solidaritätszuschlag taking 47.5%.
There is a jurisdiction where all of this is zero. It is not new. It is not a loophole. It is codified law.