142,000 millionaires set to leave Australia in 2025 đźâď¸
Australia, once a magnet for global wealth, is fast becoming a pressure cooker for high-net-worth individuals. đŚđş
Why are they leaving?
⢠Corporate tax: 30%
⢠Personal income tax: up to 45%
⢠Plus: GST, payroll tax & fringe benefit tax
And more pain is coming:
⢠15% tax on unrealised gains in super accounts over $3m
⢠Higher taxes on trust distributions
⢠Reduced capital gains discount
The bigger problem:
⢠Monthly tax instalments strangle cash flow
⢠Aggressive compliance & ATO disputes add constant pressure
The alternative?
Destinations like Dubai and Singapore â offering lighter taxes, flexible structures, and stronger privacy.
â ď¸ For Australian entrepreneurs and investors, the real question isnât if these changes will affect you â itâs how soon.
(Source: Henley & Partners, Henley Private Wealth Migration Report 2025)
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