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

Example Sentences

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

So Americans don’t have to renounce their citizenship or pay an exit tax of 23.8% on unrealized capital gains when they move to Puerto Rico.

From Forbes • Jan. 27, 2015