The U.K. Closed a Tax Loophole for the Global Rich. Now They're Fleeing

https://www.wsj.com/world/uk/the-u-k-closed-a-tax-loophole-for-the-global-rich-now-theyre-fleeing-f078cce4

#HackerNews #TaxReform #GlobalWealth #EconomicImpact #UKTaxPolicy #WealthFlight

By continuing the freeze on Income Tax and NICs’ thresholds until 2027-28, the government has condemned the young and the poor to bear a larger share of the national tax burden. Read more here:

https://www.if.org.uk/2023/10/25/extending-the-freeze-on-tax-thresholds-hurts-the-young-and-the-poor

#intergenerationalfairness #intergenerationalequity #intergenerational #socialcontract #generations #taxation #taxes #taxationpolicy #youngpeople #fairtaxes #fairtaxation #taxpolicy #nationalinsurance #incometax #UKtaxpolicy