Millionaires across Latin America are looking to leave their home countries as governments strive to fix public finances battered by the Covid-19 pandemic with higher taxes on the wealthy.
Some are ready to move, with families in tow, as far as Portugal. Others prefer jurisdictions closer to home, such as Panama and Uruguay, which are positioning themselves as convenient locations for the emigrant rich.
“When wealth taxes are on the rise and legal certainty is being undermined it leads the families to think that they are no longer welcome,” said Martin Litwak, a Miami-based lawyer who heads Untitled Strategic Legal ...
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