current
Taxation and Political Stability
Wealthy families are increasingly concerned about taxation and political stability, seeking safe havens and adapting their wealth management strategies accordingly.
Timeframe
immediate
Impact areas
Detailed Analysis
The 2024 Family Barometer highlights growing concerns about taxation and political stability among wealthy families. Elections in major economies and geopolitical tensions contribute to this uncertainty, prompting families to seek safe havens and adapt their wealth management strategies. "Taxation has become a lightning-rod issue for many voters with various countries considering increases in tax rates, changes in longstanding rules, and the introduction or amendment of wealth taxes, inheritance, and estate taxes."
Context Signals
Over 60 countries holding elections in 2024
Potential for tax policy changes
Increased interest in safe haven jurisdictions
Edge
Demand for specialized tax and legal advice will surge.
Innovative wealth structuring solutions for navigating political uncertainty will be developed.
Rise of new safe havens offering attractive tax and regulatory environments.
