It is a pity (though inevitable) that politicians play politics and someone decided to call this a ‘wealth tax’ but alignment of income tax and capital gains tax rates is not a new idea. We have been there before. The very non radical Office of Tax Simplification raised it in 2020/21.
Judith Freedman
Stunned, appalled, shocked etc to see actual tax reform from a politician. This from Wes Streeting today.
A thread on why capital gains tax is broken. It's too low AND too high. & why this is a good proposal.
