Zanzibar is not, of course, a member of the G7, or even the G20, so doesn’t have to worry about their new tax agreements; but could become a great place for the wealthy to enjoy a G&T (see what I did there?) Buy a villa, become a resident (no need to actually be resident) and no tax on your worldwide income or wealth. The benefits are even better for businesses. So, yes, we may have in the future to wait a day or two more for our Amazon deliveries But they’ll be just as cheap as ever. And their execs can hold their board meetings by the pool. Win Win!
“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.