18 Hrs
Source:
The Guardian
Healey plans to reject capital gains tax increase
John Healey announced he will not increase capital gains tax in the upcoming Budget, citing concerns that higher rates could lead wealthy individuals to defer asset sales or move assets abroad. Instead, he plans to focus on taxing bank profits amid rising earnings for major lenders. The decision aligns with Healey’s emphasis on growth and wealth creation, despite some colleagues advocating for a tax increase on unearned income.
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