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Wealth migration and change of domicile.
- 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.
- Subjects :
- WEALTH
TAX auditing
TAXATION
DOMICILE
ECONOMIC impact
Subjects
Details
- Language :
- English
- ISSN :
- 00399957
- Volume :
- 55
- Issue :
- 8
- Database :
- Complementary Index
- Journal :
- Tax Adviser
- Publication Type :
- Periodical
- Accession number :
- 178744792