exit tax

American  

noun

1. a tax formerly imposed on certain Soviet citizens who had been educated at government expense in the Soviet Union and wished to emigrate.

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Etymology

Origin of exit tax

First recorded in 1970–75

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Example Sentences

See Examples For:

exit tax

While the first $910,000 of net gains are exempted from the exit tax, everything beyond this amount is taxed at regular capital-gains rates.

From MarketWatch ● Jun. 17, 2026

The IFS has said a way to dissuade wealthy individuals from leaving the UK could be to introduce an "exit tax".

From BBC ● Oct. 8, 2024

Moscow is also demanding a 10% contribution to the federal budget, termed an "exit tax" by Washington.

From Reuters ● Jun. 26, 2023

The 10% exit tax mandated by Russia is particularly tricky.

From Seattle Times ● May 24, 2023

Her plan would also place an exit tax on companies that move their headquarters overseas to pay a lower tax rate abroad — known as inversions.

From New York Times ● Mar. 4, 2016

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