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

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

Not only is there already a U.S. exit tax on people who give up U.S. citizenship, it can even apply to handing in a Green Card.

From Forbes • Jan. 24, 2013

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