France: Exodus of 10,000 millionaires amid rising Muslim tensions

(Hat tip: KimR) - Rising tensions in France, especially in Paris following a series of Islamist terrorist attacks in 2015, have spurred an exodus of its super-wealthy citizens, a new report on migration trends of millionaires and high-net worth individuals across the world reveals. The report warns that other European countries, including the UK, Belgium, Germany and Sweden "where religious tensions are starting to emerge", will also see similar trends. Read more at the International Business Times Read More......

Md. lost nearly 30% of millionaires last year

BALTIMORE SUN, 11/24/2009 (Hat tip: Jeff Kubler) - Comptroller's office offers no explanation.

Maryland's chief tax collector reported that the number of millionaires in the state plunged 30 percent last year to the lowest level in four years and that some wealthy residents might have moved.

The analysis from the comptroller's office is expected to stoke a debate over the General Assembly's decision to raise an income tax rate for millionaires, a budget-balancing move it enacted in 2008. While the comptroller's office makes no conclusions about the data, lawmakers on both sides of the aisle are likely to seize on the findings.

Detractors contend that the millionaire's tax, which started in the 2008 tax year, will drive wealthy residents to lower-tax states. Proponents say those fears are overblown and that the change made the tax code more progressive and provided much-needed revenue. Read more at the Baltimore Sun...

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