, Columnist
Are U.K. Investors Facing a Double Taxation Shock?
Those who would be affected by a potential hike in capital gains tax aren’t waiting to find out.
What’s fair?
Source: Bloomberg
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The U.K.’s pile of debt has hit a record 2.08 trillion pounds ($2.78 trillion). The cause is the gargantuan effort to mitigate the impact of Covid-19. The issue is how to pay for this largesse.
Because spending cuts are politically unpopular and economically damaging, the government will have little choice but to raise taxes. The question then is, which ones will it target?