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

Financial police said on Friday that they allegedly found €5.3bn of undeclared capital gains between 2018 and 2020 on which it had not paid a so-called "exit tax", levied on firms that transfer their headquarters abroad.

From BBC

At the time, Bitcoins traded for around $871 each and Ver was required to pay an “exit tax” on his capital gains.

From Los Angeles Times

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

From BBC

"The closure was delayed again, the correct procedure on paying the exit tax was agreed," Levin said.

From Reuters

Once the buyers were approved, taking this new requirement into account, another one appeared - the budget contribution termed an "exit tax" by Washington - Levin said.

From Reuters