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UK Millionaire exodus did not occur, study reveals
The number of millionaires widely reported in the news to be leaving countries in "exodus" represented near-0% of all millionaires.
9 A recent Financial Times article identified an EU-sanctioned Russian businessman with links to the Ukraine invasion who could more easily circumvent travel restrictions due to a Maltese golden passport Henley helped him acquire in the past. The Tax Justice Network’s review of the Henley report raised a number of other questions, including the statistical credibility of drawing any conclusions from a self-admittedly unrepresentative sample; and the degree of extrapolation necessary to make any findings about smaller groups such as billionaires. But what the media reported, and the government listened to, was a fictional millionaire ‘exodus’ based on questionable data published by a firm that helps the superrich buy their way out of the rules that apply to everybody else.
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