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

In this case, you “face an exit tax that treats your worldwide assets as if you have sold them all the day before expatriation,” said Concepción.

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

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

Under the law, those people owe an "exit tax" on their worldwide property, computed at a fair market value the day before they leave.

From Reuters • Jul. 9, 2012