Raising Capital Gains Tax would hit asset owners and ‘make absolutely no difference’ to investment, study finds
GOVERNMENT was urged to raise capital gains tax to equal income tax as a new study today reveals the policy would only harm “passive asset owners” rather than investors.
The Institute for Public Policy Research (IPPR) said this would raise around £14 billion a year.
Prime Minister Sir Keir Starmer has said speculation the tax would be raised as high as 39 per cent in this month’s budget was “wide of the mark.”
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Raising capital gains tax to match income tax is not only economically sound but morally just, potentially raising billions for public services — it’s an absolute no-brainer for any Labour government, argues BERNIE EVANS
