Billionaire investor criticizes UK tax system, moves to Bitcoin hub Switzerland

A British billionaire crypto investor has criticised regulators' plans to raise taxes on his overseas assets, and is set to leave his home in Lugano, Switzerland, known as the bitcoin hub.
Christian Angermeier, a billionaire investor,
Angermayer recently commented on the UK's proposed tax plan for non-domestic
"It's a huge mistake and a bigger national self-inflicted wound than Brexit," he said. According to Bloomberg, German-born Angermeier is considered a non-resident in the UK and has a maximum
They have reportedly been able to avoid UK tax on their overseas earnings and income for 15 years. But the benefit is set to be reduced to four years in March 2024 and is currently under Prime Minister Keir Starmer's Labour leader.
The party is pushing for the repeal of inheritance tax benefits on assets held in overseas trusts. Mr Angermeier said: "The planned changes to the non-resident regime will see all non-residents that I know of inherit
Residents have either left or are preparing to leave,” said Angermeier, president of a family office and asset management firm that invests primarily in the biotechnology, cryptocurrency and psychedelic drug industries.
He runs the Apeiron Investment Group and moved to Lugano in September due to tax issues.
Lugano is a small city in the Italian speaking part of Switzerland.
According to BTC Map, around 250 merchants currently accept Bitcoin payments. Tether’s USDt stablecoin is also widely accepted.
The city made its payment system crypto-friendly through a partnership with Tether in 2022, growing into one of the world's largest Bitcoin circular economies.