UK raises capital gains tax and National Insurance, prompting criticism from tech investors.

The UK government has announced increases to capital gains tax, National Insurance contributions, and carried interest for venture capital managers, drawing criticism from tech entrepreneurs and investors. Finance Minister Rachel Reeves stated these changes aim to generate £2.5 billion ($3.2 billion) for public funds. Critics warn that the higher tax environment could hinder the UK's tech sector growth and competitiveness as a global hub for artificial intelligence.

November 01, 2024
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