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Wealth migration and change of domicile.

Authors :
Bly, Kristine
Waldnig, Andrea
Source :
Tax Adviser; Aug2024, Vol. 55 Issue 8, p22-24, 3p
Publication Year :
2024

Abstract

The article focuses on the trends and implications of wealth migration and changes in domicile, driven largely by high-tax states and the increased flexibility of remote work. It explores how affluent individuals are relocating to states with more favorable tax climates, influenced by economic and lifestyle factors, and examines the increasing scrutiny states are placing on residency audits to address revenue shortfalls.

Details

Language :
English
ISSN :
00399957
Volume :
55
Issue :
8
Database :
Complementary Index
Journal :
Tax Adviser
Publication Type :
Periodical
Accession number :
178744792