UK Labour government plans inheritance tax revamp, raising concerns of wealthy individuals leaving.
Newly elected UK Labour government plans inheritance tax revamp, raising concerns of ultra-wealthy individuals leaving. Entrepreneur Bassim Haidar, considering moving to Greece or Monaco, warns changes could harm UK economy. Haidar proposes a six-figure annual tax on net worths exceeding £5m to raise funds without exodus. Organisations like Patriotic Millionaires UK support annual wealth levies for the super-rich.
July 19, 2024
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