Since last night, two more founders have told me they’re flipping their companies to US topcos and planning how to leave before the budget. One runs a unicorn in a critical industry the UK must have a strong presence in. This level of instability is fracturing business confidence.
James Dacombe
 @jamesdacombe
Nov 8
The UK would be making an incredibly shortsighted move bringing in an exit tax. I know multiple founders running £100m+ companies who are frantically trying to figure out how to leave. This is a disaster in the making. We should be incentivising innovators not driving them away.
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Replying to @jamesdacombe
I’ve already moved but what is the need to flip business to US topcos?

Nov 9, 2025 · 9:44 AM UTC

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Replying to @AlexSimpson_96 @jamesdacombe
If the top company is out of the UK jurisdiction, then it cannot be taxed by it. Generally all the profits generated flow upwards
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