Billionaire tech founder quits Britain for Monaco
A billionaire tech founder has abandoned Britain for Monaco in the wake of Rachel Reeves's tax crackdown.
Guillaume Pousaz, the Swiss founder of payments business Checkout.com, shifted his country of residence to the tax haven last month, according to Companies House filings.
Mr Pousaz is leaving the UK just over a year after he moved to London from Dubai, as he joins a growing exodus of wealth creators.
However, with an estimated personal fortune of $6bn (£4.44bn), Mr Pousaz is one of the richest entrepreneurs to quit Britain since Labour came to power last year.
It comes after the Chancellor launched a £1bn crackdown on non-doms and increased taxes on capital gains as part of last year's Budget.
This led to a record 10,800 millionaires leaving Britain in 2024, according to data from Henley & Partners.
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