Wealthy Icelander Björgólfur Thor Björgólfsson moves residency to Italy for tax reasons

Björgólfur Thor Björgólfsson, a wealthy Icelander, has moved his legal residence from the UK to Milan, Italy, citing tax reasons due to changes in the British tax system.

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Wealthy Icelander Björgólfur Thor Björgólfsson moves residency for tax reasons

First report 14h agoLast update 14h ago

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started 14h ago•Last update 14h ago

Björgólfur Thor Björgólfsson explained to Bloomberg that the move was prompted by changes in the British tax system, which now requires international investors to pay taxes on income earned outside the UK.

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First report 1h ago•Last update 1h ago

Wealthy Icelander Björgólfur Thor Björgólfsson moves residency to Italy for tax reasons

Björgólfur Thor Björgólfsson, a wealthy Icelander, has moved his legal residence from the UK to Milan, Italy, citing tax reasons due to changes in the British tax system.