“Jeremy Hunt’s Halloween budget could hit high earners with £20bn of tax rises
Richest to bear the brunt of the increases as Chancellor tries to plug £40bn black hole in the nation’s finances
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Mr Hunt could seek to reform generous capital gains rules and bring them more into line with general taxation, bringing in around £3.5 billion a year.
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George Osborne, when implementing the austerity measures of the David Cameron years, favoured an 80-20 split of spending cuts to tax rises.
Mr Hunt is believed to feel such cuts are no longer viable, and has had Treasury officials exploring options for a divide as even as 50-50.
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That would leave him needing to find up to £15 billion in tax rises, with Government sources saying they will fall on those with the broadest shoulders.”
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One move, as called for by Labour, would be to abolish non-dom status. That would bring in an extra £3 billion a year to the Exchequer.
https://www.telegraph.co.uk/politics...ners-20bn-tax/
Richest to bear the brunt of the increases as Chancellor tries to plug £40bn black hole in the nation’s finances
…
Mr Hunt could seek to reform generous capital gains rules and bring them more into line with general taxation, bringing in around £3.5 billion a year.
…
George Osborne, when implementing the austerity measures of the David Cameron years, favoured an 80-20 split of spending cuts to tax rises.
Mr Hunt is believed to feel such cuts are no longer viable, and has had Treasury officials exploring options for a divide as even as 50-50.
…
That would leave him needing to find up to £15 billion in tax rises, with Government sources saying they will fall on those with the broadest shoulders.”
…
One move, as called for by Labour, would be to abolish non-dom status. That would bring in an extra £3 billion a year to the Exchequer.
https://www.telegraph.co.uk/politics...ners-20bn-tax/
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