142,000 millionaires set to leave Australia in 2025 đŒâïž
Australia, once a magnet for global wealth, is fast becoming a pressure cooker for high-net-worth individuals. đŠđș
Why are they leaving?
âą Corporate tax: 30%
âą Personal income tax: up to 45%
âą Plus: GST, payroll tax & fringe benefit tax
And more pain is coming:
âą 15% tax on unrealised gains in super accounts over $3m
âą Higher taxes on trust distributions
âą Reduced capital gains discount
The bigger problem:
âą Monthly tax instalments strangle cash flow
âą Aggressive compliance & ATO disputes add constant pressure
The alternative?
Destinations like Dubai and Singapore â offering lighter taxes, flexible structures, and stronger privacy.
â ïž For Australian entrepreneurs and investors, the real question isnât if these changes will affect you â itâs how soon.
(Source: Henley & Partners, Henley Private Wealth Migration Report 2025)
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