Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report
Christian Angermayer claimed the United Kingdom’s latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.”
Billionaire investor Christian Angermayer has reportedly left the United Kingdom for Switzerland’s Bitcoin hub, Lugano, citing the UK’s plans to raise taxes on offshore wealth.
The German-born Angermayer was considered a “non-dom” while living in the UK, which allowed him to avoid UK taxes on overseas income and earnings for up to 15 years, Bloomberg reported on Sept. 27.
However, that was reduced to four years in March 2024, and now Prime Minister Keir Starmer’s Labour Party wants to eliminate inheritance tax breaks on assets held in overseas trusts.
“The planned changes to the non-dom framework are a huge mistake,” said Angermayer, claiming it would be “a bigger act of national self-harm than Brexit.”
“Every non-dom I know has left or is about to leave.”
Angermayer runs a family office and asset management business, Apeiron Investment Group, which invests mostly in the biotech, cryptocurrency and psychedelics industries.
Apeiron’s London office will remain open despite Angermayer’s departure.
Angermayer recently spoke at the Token2049 conference in Singapore about how Bitcoin
and psychedelics share a common link by freeing people from their governments and egos.