Latest news with #CentreForAnalysisOfTaxation
Bloomberg
10 hours ago
- Business
- Bloomberg
Bloomberg UK Politics: The Revolting Rich
One of the architects of the government's flagship tax crackdown on the wealthy says it was a 'mistake' to hit 'non-doms' with an immediate 40% inheritance tax on their overseas assets. Arun Advani, from the independent Centre for the Analysis of Taxation, says a gradual approach would have stopped many of the super-rich from leaving the country. He joins Yuan Potts and Caroline Hepker to discuss what effect the changes are having and what the government should do next.
Bloomberg
2 days ago
- Business
- Bloomberg
UK Inheritance Tax Surge on Rich Was Mistake, Policy Author Says
One of the architects of the UK Labour government's flagship crackdown on the wealthy said it was a 'mistake' to expose non-doms to an immediate 40% inheritance tax on their overseas assets. Arun Advani, director of the independent Centre for the Analysis of Taxation, told Bloomberg News he had recommended staggering the introduction of IHT on the super-rich who live in Britain but are not resident for tax purposes. A gradual approach would have stopped many of them leaving the country, he said.
