“Talking about the super wealthy feels… tacky”

Jun 8, 2021 | Companies

An independent (financial adviser’s) view

The very, very, rich are as, if not more difficult to pin down and tax as the Amabucks of this world. It was ever thus. Every rock megastar of the 70’s biog tells of them scarpering to LA or buying big houses in France when the then Labour gov. vowed to tax them ‘until the pips squeak’; which, they decided, would happen at 98% of their income. The top ten in the recent Sunday Times Rich List could, mob-handedly, comfortably fund the vaccination of all of Brazil and India, and that excludes, of course, the illegally rich. You can see the thrust of Lenin and Trotsky’s argument. Come the revolution…

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.