exit tax
Leaving-country charge
An exit tax is a tax imposed when someone leaves a jurisdiction—whether a person renouncing citizenship or a business relocating abroad.
The tax typically targets unrealized capital gains, treating assets as if sold at departure: The exit tax captured appreciation on his stock portfolio.
Countries use exit taxes to discourage wealthy individuals and corporations from fleeing to lower-tax jurisdictions and to recoup revenue on gains that accrued domestically.
- expatriationLeaving one's native country
- departureAct of going away
- wealthAbundance of valuable resources
- net worthAssets less debts
- emigrationLeaving homeland permanently
capital gains · renunciation · citizenship · green card · borders · offshore · relocation · flight · escape · penalty · unrealized · assets · residency · compliance · treasury · surrender · one-way ticket · passport
exit taxentry fee
Payment for access
import duty · customs duty · visa fee · admission fee · entrance fee
exit, tax, exits, exited, exiting, taxes, taxed, taxing, taxation