The exodus of the wealthy is primarily driven by the UK government’s decision to overhaul long-standing tax practices, including the abolishment of the ‘non-domiciled’ (non-dom) status. This regime previously allowed UK residents to avoid taxation on foreign income if they claimed their permanent home was abroad. The exodus of the wealthy is primarily driven by the UK government’s decision to overhaul long-standing tax practices, including the abolishment of the ‘non-domiciled’ (non-dom) status. This regime previously allowed UK residents to avoid taxation on foreign income if they claimed their permanent home was abroad.